Sefaira raised $10.8 million in Series A funding from Braemar Energy Ventures, Chrysalix SET and Hermes GPE. The company develops energy efficiency software for building design.
Beanstalk helps sustainable and energy efficient building design software company Sefaira secure $10.8m
Largest A series cleantech funding for over two years
10 April 2012. London. Beanstalk, the boutique corporate finance advisor, has helped building energy efficiency software company Sefaira secure the largest series A funding round in the cleantech sector in the UK for over two years, with funding of $10.8m.
The international series A funding round was led by New York-based venture capital fund Braemar Energy Ventures, in partnership with Netherlands-based Chrysalix SET and London-based Hermes GPE.
Founded in 2009, Sefaira has developed a unique whole building physics-based approach to managing sustainable building design. Sefaira enables architects, engineers and building owners to rapidly optimise the energy and environmental aspects of building design, and retrofit areas such as energy consumption and water use much earlier in the building design process. Having secured their first strategic customer deals, the company began a search for series A funding to accelerate business development activity as well as fund R&D, support and engineering.
With the founders looking to focus on the commercial opportunities that were opening up, Sefaira turned to Beanstalk to help and advise on securing funding. Beanstalk delivers specialist advice for mid-market companies throughout Europe, including finding buyers for businesses, raising investment funds (venture capital and private equity) and developing growth strategies. The company founders were attracted by Beanstalk’s experience in the sector and understanding of the market as well as its strong network of investment contacts. Beanstalk acted quickly, putting together a comprehensive investment memorandum and supporting discussions with potential investors. Beanstalk then worked closely with the Sefaira management team on the term sheet negotiations and project managed the due diligence process with Sefaira’s lawyers SJ Berwin.
Mads Jensen, CEO of Sefaira, said: “The team at Beanstalk helped move things forward for us with investors, while allowing us to concentrate on growing the business. They supported us every step of the way through the investment negotiations and due diligence. Their help and advice has been critical in moving us on to the next phase in our growth.”
Richard Baker, co-founder of Beanstalk Management, commented: “Sefaira is creating a new and exciting market with a unique approach and patented technology addressing a rapidly expanding sector. We were delighted to have helped deliver this notable result for the company.”
Beanstalk Corporate Finance delivers specialist advice for mid-market companies throughout Europe, including finding buyers for businesses, raising investment funds (venture capital and private equity) and developing growth strategies. The management team has over thirty years of blue chip experience in maximising shareholder value and has successfully completed a wide variety of multi-million pound transactions. www.beanstalkmanagement.co.uk
Sefaira was founded in 2009 with a mission to promote more sustainable buildings by helping the building industry design, build, operate, maintain and transform all facets of the built environment.
Sefaira’s proprietary cloud-based technology, built upon deep building physics expertise, offers an integrated approach to sustainable design analysis, knowledge management, and decision support. Sefaira helps building designers analyze and compare sustainable building strategies for new build or retrofit projects in a fraction of the time and cost previously required. By providing sophisticated analysis via an intuitive web interface, Sefaira helps users define, quantify and optimize the energy, water, carbon and financial benefits of relevant design strategies.
Sefaira’s offices in London and New York have supported projects across the US, Europe, the Middle East and Asia. www.sefaira.com
Braemar Energy Ventures is a venture capital fund making early- to mid-stage investments in the energy technology sector. The firm’s principals have invested in more than 60 companies in the sector and have more than 100 years of combined technical, operational and financial experience in energy and energy-related industries. Braemar partners with exceptional companies and management teams in both alternative and traditional energy markets that can contribute to a more profitable and efficient energy landscape through innovation and marketplace expertise. Additional information is available at www.braemarenergy.com