Company
Every investor coverage indicates participated in a round Powershop raised.
The transaction that ended Powershop's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Shell Energy | Acquisition | recently | - | Virescent Ventures portfolio, CEFC, gridcog.com |
| Shell | Acquisition | 24 Nov 2021 | ~$729m | SmartCompany, RenewEconomy |
Companies Powershop acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Ed McManus | CEO (former) | Virescent Ventures portfolio, CEFC, gridcog.com |
Stories naming Powershop. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
Melbourne adtech firm Cuttable has added $4.5 million to its seed round with Square Peg leading, taking total backing to $10 million and valuing the business at $44.5 million ahead of its US push.
Also Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily
Weekly roundup of three Australian raises: adtech firm Cuttable's seed round, Fundabl's equity round and SeenCulture's funding, naming investors, plus new Cuttable co-CEOs and a board appointment.
AI ad startup Cuttable, co-founded by Sam Kroonenburg, Jack White and Ed Ring, raised $5.5m in a seed round led by Square Peg with Rampersand aboard; Kroonenburg earlier sold A Cloud Guru to Pluralsight.
Energy software firm Gridcognition closed a $2.25 million seed round; CEFC committed $625,000 through its innovation fund alongside Alberts Impact Ventures, Afterwork Ventures and angel investors, taking total funding near $4 million.
Also Virescent Ventures portfolio·gridcog.com·Startup News (WA)
Opinion piece on Meridian Energy's agreed sale of Powershop to Shell and Infrastructure Capital Group, arguing the deal breaks brand promises and is driving customers to rival energy retailers.
Shell's takeover of Powershop from Meridian Energy has upset green-minded customers; Environment Victoria cut ties, while renewable-focused retailers reported sign-up surges as defectors shop elsewhere.
Also SmartCompany