Nesta Impact Investments backs tech ventures working in areas aligned with Nesta’s 2030 impact goals. Nesta’s sustainable future mission aims to reduce UK household carbon emissions by 28%, from 2019 levels, by 2030. We invest in businesses that support the green transition and Nesta’s goal. Nesta Impact Investments is delighted to have participated in Renewabl’s Seed round, led by Helen Ventures.  

Renewabl is a data-driven platform for streamlined clean energy procurement. Renewabl supports companies to achieve 100% renewable energy. Their innovative digital platform connects companies directly to real wind and solar farms, securing clean energy certificates that align with their net-zero targets.

Renewabl’s advanced technology platform addresses this need by enabling businesses to trace renewable energy to its source of generation and trade Renewable Energy Certificates with up-to-hourly precision. The platform also uses smart algorithms to analyse businesses’ consumption needs and highlight the most impactful clean energy available.

With more robust environmental, social and governance guidance (ESG), businesses increasingly need to validate their clean-energy use. Greater transparency in the industry boosts business confidence and allows companies to match clean energy production to their specific consumption needs. Renewabl enables companies of all sizes to access the renewable energy market in a transparent and verifiable manner.

This new round of funding will enable Renewabl to further develop its platform, broadening the range of renewables listed and creating enhanced functionality for customers to plan, execute and report on their renewable energy procurement activities. 

JP Cedra, CEO and co-founder of Renewabl, said:

"More than ever, businesses seek traceability in clean energy commitments and alignment with ESG criteria set by over 80% of asset managers

"With our recent fundraising success, our investors endorse our solution as a credible path forward in increasing the adoption of carbon-free electricity. We look forward to expanding our innovative offerings with their support."

Alex Hook, Senior Investment Director at Nesta Impact Investments, said:

“Nesta Impact Investments is dedicated to supporting innovative, purpose-led businesses to tackle significant social challenges.

“Our investment in Renewabl reflects their potential to support more enterprises in adopting renewable energy to power their business – bringing much-needed transparency and innovation to the Renewable Energy Certificate market. Renewabl's approach can expand access to this market and help more companies speed up their transition to net zero cost-effectively and in a way that regulators can verify.”

Nesta Impact Investments provides financial, knowledge and network capital to innovative tech ventures that are changing the world for good. We look to back businesses in edtech, foodtech, healthtech, climate tech, the future of work and productivity, that are closely aligned to Nesta’s mission impact goals:

• A sustainable future: to accelerate the decarbonisation of UK households and raise productivity in ways that advance the transition to net zero. Our focus at the moment is decarbonising households and small-to-medium enterprises.
• A healthy life: to increase the average number of healthy years lived in the UK, while narrowing health inequalities. Our focus at the moment is on reducing obesity. This includes new food tech, novel ingredients, healthy brands and helping people access healthy foods, as well as relevant behavioural and health tech.
• A fairer start: to narrow the education outcome gap between children growing up in disadvantage and the national average. We look for solutions that deliver high-quality, affordable provision and workforce development. We are also looking at financial inclusion solutions which can reduce stress on families who can then better support the home learning environment.