United Kingdom · Utilities startup

UrbanChain

UrbanChain is a Manchester-based energy-tech company founded in 2017, specializing in a peer-to-peer renewable energy platform.

Funding reportedLast round: Series A

UtilitiesManchester, United Kingdom

About UrbanChain

UrbanChain is a Manchester-based energy-tech company founded in 2017, specializing in a peer-to-peer renewable energy platform.

The company is licensed by Ofgem and focuses on connecting businesses directly with renewable energy generators through half-hourly bilateral contracts. This approach helps businesses avoid the volatility of wholesale gas markets and promotes the use of 100% green electricity. The platform leverages advanced technologies such as artificial intelligence, blockchain, and IoT to facilitate intelligent matching between energy consumers and producers. UrbanChain's services include a decentralized energy marketplace, local energy markets, and smart contracts that ensure secure and transparent transactions. The company primarily serves corporate consumers, renewable energy generators, and energy brokers, aiming to make energy more affordable and support net-zero targets. UrbanChain has been recognized as one of the UK's fastest-growing tech companies and is expanding its operations internationally.

What company datasets say UrbanChain raised

Funding, as reported

Reported in all63.4Min the source's currency
Rounds5
Last roundSeries A
Last round size66M
Last round dateMay 2023
Investors listed6

Funding filed with regulators

UrbanChain filed 5 raises, $11M in all. Filings say how much was sold and to how many investors; they never name the investors.

  1. Nov 2024$3.9MUK share allotment
  2. Jun 2024$3.2MUK share allotment
  3. Jun 2023$3.5MUK share allotment
  4. May 2023$434KUK share allotment
  5. Jul 2021$276KUK share allotment

Founders and team

From UrbanChain's own website: 2 founders, 15 on the team.

Dr Somayeh TaheriFounder & CEO
Dr Mo HajhashemFounder & CCO
  • Charlie ParryChief Growth Officer
  • Julian DeneeChief Risk Officer and Chief Operating Officer
  • Lee StrettonChief Technical Officer
  • Andrea McCutcheonHead of Technical Operations
  • Dr James DorseyHead of Structuring and Pricing
  • Duncan McGregorHead of Legal
  • Gary HartHead of Billing & Contract Management
  • James BoswellHead of Portfolio
  • Ollie BridgesHead of Data
  • Basim Basheer ThayyilSenior Lead Originator
  • Garry PickeringDirector of Portfolio Optimisation
  • Nick EvansIndirect Sales Manager
  • Stephen CornishManaging Director
  • Tyler GingellSenior Lead Originator
  • Val HorrocksIndirect Sales Manager

The company, in detail

What they build

Known for

clean energy & technologyhalf-hourly energy matchingelectric power generationcommunity energy tradingutilitiesinformation technology & servicestraceable renewable energyrenewable energy tradingenergy tradingrenewable energy incentivesenergy demand-supply balancingenergy managementenvironmental servicesdecentralised energylow-carbon transitionenergy consumers

Built with from their website

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+8 more

Excel4AppsAIMicrosoft ExcelReactMicrosoft ExchangeMicrosoft 365 Apps & ServicesMobile FriendlyVercel

Sector
Utilities
Industry code
NAICS 22111, 221122, 541512, SIC 4911, 7371
Region
England
Revenue
1M a year, as listed
Full record
Every detail in the company directory

Utilities in United Kingdom

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