Cambridge Innovation Capital has doubled down on its commitment to Origami, having already taken part in all previous rounds.

Origami, a UK-based energy distribution management software developer, has picked up £20m ($28.5m) in funding from investors including patient capital fund Cambridge Innovation Capital (CIC). Financial services firm Barclays led the round through its Sustainable Impact Capital initiative, while power production services provider Aggreko and investment firm Octopus Ventures also invested. Founded in 2013, Origami has created a cloud-based platform that automatically optimises energy generation, trading and consumption in real time. It aims to facilitate the move to renewable energy assets, which tend to be more distributed, complex and volatile than traditional power stations. The fresh funding has been allocated to further developing Origami’s products, meeting client demand and expanding internationally. CIC previously took part in a $26.3m series B round in 2018, when it was joined by Aggreko, and unnamed subsidiaries of shipping group Fred Olsen and Octopus Ventures. CIC also backed a $19.5m series A round in 2016 together with Fred Olsen divisions and Octopus Ventures. Origami had already attracted $6.4m in seed financing from CIC, Octopus Ventures and angel investors in 2014.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).