Leap Secures Additional Equity Financing


Leap, a San Francisco, Ca-based provider of a virtual power plant (VPP) platform, raised an additional equity financing of undisclosed amount.

The round, which brough the total amount to $16M, was led by Presidio Ventures.

The company intends to use the funds to scale its operations in support of its rapidly-expanding portfolio of technology partners.

Led by CEO Thomas Folker, Leap provides a software platform that facilitates fast, automated access to energy markets for battery storage systems, electric vehicle (EV) charging, smart thermostats, building management systems and other distributed energy resources (DERs), making it easy for technology providers and operators to earn revenue in demand response and other grid services programs.