Bristol tech firm Sennen secures second round of investment

gaby.amiel

Bristol-based renewable energy software developer Sennen has raised £780,000 equity funding to support its growth plans.

Founded by CEO Gaby Amiel and CTO Paul Grimshaw in 2017 the firm now employs 18 staff and has a turnover of £1.2 million.

Having worked in the renewables industry for all their working lives, Paul and Gaby set up Sennen in response to the sector’s need for smarter, safer working as it scales up to meet the energy transition.

Sennen’s cloud-based, modular technology provides solutions for renewable energy companies, including offshore wind farm operators and infrastructure funds. Clients include London Array, EDF Renewables, Arevon Energy and Foresight Group.

Funding came from investment firms Caygan Capital, Future Play and Vala Capital as well as a number of private individuals. Around £100,000 of the total investment came through the crowdfunding platform Seedrs.

“Securing this investment is another big step forward for our business, and we are delighted with the success of this fundraising round. We have ambitious plans for our product development throughout 2022 and into next year and this provides us with the resources we need to make this happen,” said Gaby.

The last 12 months have been really exciting as we have doubled our workforce and won a major contract with EDF Renewables. This investment helps us to keep up the momentum so that we continue to drive value in the industry and play our part in the clean energy transition.

“A commitment to tackling climate change drives what we do at Sennen and we are determined to offer a working environment that is inclusive, diverse and supportive. For example, we are proud that almost half of our employees are female.

“We are in the fortunate position of being right in that sweet spot of clean energy technology, which is an attractive proposition for ESG-focused investors. As the energy transition continues at pace, we look forward to being at the forefront of digital transformation in the renewables industry.”

Jake Wombwell-Povey, of funder Vala Capital said: “The answer to the energy crisis has to be a dramatic and rapid transformation of our electricity generation to renewable energy. The challenge is to deploy and operate an increasing number of ever larger and more complex renewable energy projects. Sennen is a remarkable software platform that helps unlock these challenges and hastens our migration to clean, sustainable energy.”