# UrbanChain: Utilities, Manchester, United Kingdom > UrbanChain: UrbanChain is a Manchester-based energy-tech company founded in 2017, specializing in a peer-to-peer renewable energy platform. Source: https://millionrounds.com/startup/urbanchain (Millionrounds; every figure on the page links to its filing or article) United Kingdom · [Utilities startup](https://millionrounds.com/companies) # UrbanChain UrbanChain is a Manchester-based energy-tech company founded in 2017, specializing in a peer-to-peer renewable energy platform. Email Funding reported Last round: Series A Utilities Manchester, United Kingdom Follow UrbanChain and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Furbanchain) Company summary - **Founded:** 2017 9 years old - **Team:** 89 51 to 200 people - **Funding reported:** 63.4M as listed, currency not stated - **Last round:** Series A May 2023 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for UrbanChain has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## 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 all **63.4M** in the source's currency Rounds **5** Last round **Series A** Last round size **66M** Last round date **May 2023** Investors listed **6** ## 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. - Nov 2024 **$3.9M** UK share allotment - Jun 2024 **$3.2M** UK share allotment - Jun 2023 **$3.5M** UK share allotment - May 2023 **$434K** UK share allotment - Jul 2021 **$276K** UK share allotment ## Founders and team From UrbanChain's own website: 2 founders, 15 on the team. **Dr Somayeh Taheri** Founder & CEO **Dr Mo Hajhashem** Founder & CCO - **Charlie Parry** Chief Growth Officer - **Julian Denee** Chief Risk Officer and Chief Operating Officer - **Lee Stretton** Chief Technical Officer - **Andrea McCutcheon** Head of Technical Operations - **Dr James Dorsey** Head of Structuring and Pricing - **Duncan McGregor** Head of Legal - **Gary Hart** Head of Billing & Contract Management - **James Boswell** Head of Portfolio - **Ollie Bridges** Head of Data - **Basim Basheer Thayyil** Senior Lead Originator - **Garry Pickering** Director of Portfolio Optimisation - **Nick Evans** Indirect Sales Manager - **Stephen Cornish** Managing Director - **Tyler Gingell** Senior Lead Originator - **Val Horrocks** Indirect Sales Manager ## The company, in detail What they build Known for clean energy & technology half-hourly energy matching electric power generation community energy trading utilities information technology & services traceable renewable energy renewable energy trading energy trading renewable energy incentives energy demand-supply balancing energy management environmental services decentralised energy low-carbon transition energy consumers Built with from their website Google Tag Manager Tableau Squarespace ECommerce AWS Trusted Advisor Atlassian PWA YouTube Viewport Meta Hubspot webpack +8 more Excel4Apps AI Microsoft Excel React Microsoft Exchange Microsoft 365 Apps & Services Mobile Friendly Vercel - **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](https://millionrounds.com/directory/urbanchain) ## Utilities in United Kingdom Startups like it - [**tem** London · founded 2021 *Raised*](https://millionrounds.com/company/tem) - [**Tonik Energy** Birmingham · founded 2015 *Raised*](https://millionrounds.com/company/tonik-energy) - [**Inflowmatix** Southampton · founded 2015 *Raised*](https://millionrounds.com/company/inflowmatix) - [**Globeleq** London · founded 2002](https://millionrounds.com/startup/globeleq) - [**be.ev** founded 2019](https://millionrounds.com/startup/be-ev) - [**Connected Kerb** London · founded 2017](https://millionrounds.com/startup/connected-kerb) - [**i2O** Southampton · founded 2005](https://millionrounds.com/startup/i2o) - [**Love Energy Solutions** Bolton · founded 2007](https://millionrounds.com/startup/love-energy-solutions) ## Is this your company? 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