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Semplice Energy Raises $1.23 Million

Semplice Energy Ltd., a UK-based provider of energy saving and renewable energy systems to reduce electricity consumption and CO2 emissions, has raised $1.23 million in funding from BIP Fund I LP of the Bahamas.


Semplice Energy Limited, a leading provider of green energy solutions including advanced energy saving and renewable energy systems to reduce electricity consumption and CO2 emissions, today announced it has secured US$1.23 million in funding from BIP Fund (I) Limited Partnership, a Bahamas based venture capital business.

Semplice Energy has recently been expanding rapidly with a strong customer base including McDonald's, Mothercare, Tesco, The National Trust and The London Fire Brigade. The investment capital will be used to fund future company growth, drive industry initiatives and expand research and development activities.

David Johnson, investment adviser to BIP and a director of Semplice said “We are delighted to have made this investment. We are very impressed by Mark Truswell (Chief Executive Officer, Semplice Energy) and Natalie Barker (Founder and Chief Operations Officer, Semplice Energy) and what they have achieved already. We believe that their highly commercial approach and technical expertise will continue to give the company a competitive advantage.” BIP is also well-placed to lead the syndication of further rounds of funding as necessary.

In addition, Semplice announces the appointment of Neeta Dalal as Chief Marketing Officer. Ms Dalal joins Semplice with 11 years of marketing experience including a series of positions with Informix, Documentum and EMC Corporation.

About BIP Fund (I) Limited Partnership:

BIP is a privately held business established in 2006. BIP focuses on investments in early stage and start up businesses across a number of sectors including financial services and technology. The directors are active investors working closely with management to build an in-depth understanding of their business so as to add maximum value.

David Johnson started his professional career as a lawyer in the City and the Far East, and has spent the last 10 years as an in-house commercial lawyer first at Virgin Group and then at Capital One.

About Semplice Energy:

Semplice Energy is a provider of technically advanced energy saving and renewable energy solutions to reduce electricity consumption and CO2 emissions. Based in Berkshire, UK, Semplice Energy was founded in 2005 by a team of environmentally conscious technology and corporate investment professionals. Through the team's passion for the environment and in depth technological expertise they are redefining the landscape of energy solutions.

Focusing on the key areas of energy consumption, Semplice Energy works with world class partners such as Steinel, Baldor, Fluoresave, Salicru, Schuco, NeoSave, Fortis Wind Energy, Zephyr and Atlantic Orient Canada. Customers of these energy saving and renewable energy products are seeing significant cost savings through improvements in efficiency, onsite electricity production and a reduction in CO2 output.