Portfolio company Sennen acquired by Octopus Energy

We are delighted to announce the successful exit of Sennen, a notable addition to the investment portfolio and the third exited company (following E-Car Club and Zeigo).

Sennen has been acquired by Kraken Technologies, part of Octopus Energy and a leading force in renewable energy software. This recent acquisition is a great example of the advancement in renewable asset management, particularly in offshore wind farm operations. Kraken's contracted assets now stand at an impressive 36GW, showcasing its commitment to low-carbon solutions. The integration of Sennen's cutting-edge cloud technology into Kraken's platform paves the way to increased innovation in renewable energy management.

Sennen’s Co-Founder and CEO, Gaby Amiel, is thrilled with the outcome, commenting:

“Kraken is the perfect home for Sennen as we strive to fulfill our joint mission to decarbonise energy for the world. It’s been a great journey so far and we are grateful for the excellent support given by SV. “

Sennen’s exit follows on from the second portfolio exit, Zeigo, which was acquired by Schneider Electric. These successful exits exemplify the tangible progress we strive to catalyse within the sustainability sector and reinforce our commitment to supporting early-stage businesses driving the decarbonisation agenda.

The 50-strong portfolio (45 investments, 5 spinouts) represents the UK’s most active climate tech fund and we are continuing to scale our impact as we help raise the next fund, SA7. Check out how you can get involved and support the next generation of sustainable ventures on Seedrs.