powercloud GmbH, an Achern, Germany — based cloud software provider for the energy sector, received a minority investment from General Atlantic, a global growth equity firm.
Additional terms of the transaction were not disclosed.
Founded by Marco Beicht in 2012 and also led by Zoran Petrovic, powercloud is a provider of a cloud software platform provider to energy sector players. The array of services offered by the company includes:
– regulatory processes,
– settlement, as well as
– contract and customer management.
Using the solution, energy providers can acquire new end-customers with the dynamic pricing engine and manage their existing end-customers on all channels with full digital processes and automation. At present, the company offers its solutions to large and medium-scale energy providers but would like to develop additional market segments in future.
Customers include EnBW and E.ON.