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  • December 2020
    Zouk's 2020 in pictures
  • Zouk's 2020 in pictures
    London, United Kingdom - December 2020

    2020 has been a year like no other.

    The coronavirus pandemic has tested all our businesses and their teams, all of whom have demonstrated remarkable courage and resilience.

  • March 2020
    UK - March 2020

    In these unprecedented times, we are maintaining close contact with our founders and management teams of our portfolio companies, who are showing leadership and courage in ensuring the safety and wellbeing of their staff and businesses.

    The Zouk team is all working from home and we remain on email and mobiles for all communications for our companies, investors and partners.

    We are also actively supporting two hospital charities – one in London and one in Northern Italy - and invite you to take a look at these initiatives and donate generously if you can. Thank you.

    Zouk for University College London Hospital 

    Gavazzeni Hospital in Bergamo, Italy

  • November 2020
    Renewables leader Statkraft boosts solar capability with the acquisition of Solarcentury
  • Renewables leader Statkraft boosts solar capability with the acquisition of Solarcentury
    London / Oslo - November 2020

    Statkraft, Europe’s largest producer of renewable energy, has signed an agreement to acquire the solar pioneer Solarcentury. Together the companies are well positioned for accelerated growth in solar and to become one of the world's leading renewable energy companies.

    Statkraft will gain access to a 6 GW pipeline (gross) in Europe and South America that combined with Statkraft's current project portfolio immediately positions the company as a leading developer in the European solar market. Solarcentury’s project pipeline spans many high-growth markets including Spain, the Netherlands, the UK, France, Greece, Italy and Chile.

    The transaction is an acquisition of 100 per cent of the shares in Solarcentury Holdings and its subsidiaries. The main shareholders were previously Scottish Equity Partners, VantagePoint Capital Partners, Zouk Capital, and Grupo Ecos. The purchase price is 117.7 MGBP and includes net cash.

    Solarcentury's geographical footprint is well aligned with Statkraft’s existing development portfolio and market operations. As a global leader in energy market operations Statkraft is uniquely positioned to add value to the acquired project pipeline through its market integration capabilities and has a target to develop at least 8 GW of wind and solar by 2025.

    Solar capacity has grown 27 times over the last decade and solar energy is expected to outshine other renewables as the world’s largest source of electricity from 2035, according to Statkraft's Low Emission Scenario. In 2050, solar power is expected to account for 38 per cent of global power generation.

    Christian Rynning-Tønnesen, CEO of Statkraft comments: “This acquisition is in line with our strategy to ramp up as a wind and solar developer and become one of the leading renewable energy companies globally. Just like hydropower and solar power complement each other, Statkraft and Solarcentury are an excellent fit in terms of purpose and people. Joining forces will accelerate our growth and continue to drive the energy transition forward.”

    Frans van den Heuvel, CEO of Solarcentury commented: 'Solarcentury has grown entirely organically since 2007 into a highly profitable business. To continue to grow at the pace that is possible given the market we’re operating in, we will benefit from a larger balance sheet and this has resulted in us seeking new ownership. Statkraft is the perfect match for us given their ambition to invest in and grow their solar portfolio.'

    Solarcentury is a global solar developer headquartered in London, UK with around 180 people across 12 countries. Since the company changed their strategic approach in 2013 it has developed 40 utility-scale projects totaling ca 1,200 MWp across 7 countries.

    The transaction is conditional upon customary regulatory and local competition approvals and is expected to be completed by the end of 2020.


    About Statkraft
    Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. Statkraft has 4,000 employees in 17 countries.


    About Solarcentury:

    Established in 1998, Solarcentury is a leading global solar power company that develops, constructs, owns and operates utility-scale solar and smart technology. Solarcentury is known internationally for developing and building some of the largest utility-scale solar projects in the UK, the Netherlands, Spain, Kenya and Mexico, including pioneering projects such as the world’s first solar bridge at Blackfriars Station in Central London. Solarcentury's mission is to make a meaningful difference in the global fight against climate chaos by making solar power the dominant energy source worldwide. During Solarcentury's 22-year history the business has helped solar power become mainstream, and our projects have generated 6 billion kWh of clean electricity, saving over 1.7 million tonnes of CO2 emissions.


  • October 2020
    Swedish media company Aller media renews the agreement with Readly
  • Swedish media company Aller media renews the agreement with Readly
    Stockholm, Sweden - October 2020

    Aller media, the market leader in consumer magazines in Sweden, have renewed their agreement with Readly, the European market leader in digital magazines. The media company has collaborated with Readly since 2013 and today distributes more than 70 titles via the digital subscription service.

    On 15 September earlier this year, Readly announced that Aller media had terminated the previous publishing agreement with Readly. Readly can today announce that Aller media and Readly have renewed their cooperation agreement and that Readly's subscribers can continue to read Aller media’s titles without interruption. Several of Aller media's brands are among the top read magazines on Readly in Sweden. 

    - The popular content from Aller media is appreciated by Readly's subscribers and we see several exciting opportunities to take the collaboration to new levels and increase their reach. Aller is a modern, forward thinking media company, and in that way a perfect match for Readly as we continue to use innovative and digital approaches to bring the magic of magazines into the future. We are happy to be able to fortify our relationship and create even greater value that is mutually beneficial for both Aller media and our subscribers, says Ranj Begley, Chief Content Officer at Readly.

    - We look forward to continuing the partnership. We want as many people as possible to consume our content in a format and on a platform that suits them. Readly is an excellent platform for distributing magazines and has a large base of customers that we want to reach out to. The platform gives us access to data that helps us develop our content and our brands, which is a good complement to our own data and analysis tools, says Lotta Cederbom, commercial director and vice president at Aller media.

    Throughout the year, Readly has made a number of announcements regarding their portfolio growth. British publishers ESI Media, with the newspapers The Evening Standard and The Independent, and Reach plc, with the newspapers The Daily Express, Daily Mirror, Sunday Express and Sunday Mirror, have started distributing their titles on Readly. In the Swedish market, publisher Aftonbladet has added its evening newspaper and Sportbladet onto the platform. So far during 2020, Readly has grown with more than 70 new publisher partnerships and 650 new titles.

  • October 2020
    Readly expands its portfolio of UK newspapers with Reach plc adding four titles
  • Readly expands its portfolio of UK newspapers with Reach plc adding four titles
    London, Stockholm - October 2020

    Readly, the European market leader in digital magazines, has expanded its portfolio of national newspapers with the addition of four UK newspapers to its platform. The Daily Express, Daily Mirror, Sunday Express and Sunday Mirror will launch on the app today as publisher Reach plc broadens its digital newspaper distribution.

    The addition of four newspaper titles from Reach plc marks the continued expansion of Readly’s UK newspaper portfolio. This follows the initial launch of UK newspapers onto the platform earlier this year with The Evening Standard and The Independent.

    The newspapers will be available to Readly’s global audiences as part of the Readly subscription in the UK, Ireland, Australia, New Zealand, Germany, Austria, Switzerland and Sweden. The relationship will increase digital reach, ABC accreditation performance and global presence of the titles. In addition, the publisher will be able to access Readly’s robust data analytics and insights as part of the partnership.

    – We're delighted to expand our existing partnership with Readly so that their global subscriber base will now be able to enjoy reading the Mirror and Express newspapers via the service. The Mirror and Express titles have a huge following both within and outside of the UK and we believe that this development will further extend the reach of these much loved and renowned newspapers, bringing them to a new and appreciative  audience, says Fergus McKenna, Content Sales Director at Reach plc.

    – We are thrilled to welcome four of the nation’s favourite national newspapers to the portfolio. As people increasingly look for trusted news and quality journalism, newspapers are an important part of our growing inventory of content. Firstly, they improve the whole consumer offer – subscribers can get all their reading material in a single app. Secondly, dailies build frequency of usage which drives increased read times all the way through to our magazine portfolio, says Ranj Begley, UK Managing Director and Chief Content Officer at Readly. Moreover, our growing datapool of 30 billion data points gives publishers a deeper understanding of reader behavior which enables them to become more data driven in their approach to maximising readership and developing their business.

    In addition to the expansion of UK newspaper titles, Readly has also welcomed back Future magazines titles Country Life, Horse & Hound, Wallpaper and Decanter onto its platform. Earlier in October this year, Aftonbladet - Sweden's largest evening newspaper, and Sportbladet, both owned by the Schibsted Media Group, also joined Readly as part of an expanded publishing collaboration. There are already six titles and weekend supplements from Aftonbladet on Readly's platform.

  • September 2020
    First day of trading in Readly's shares on Nasdaq Stockholm
  • First day of trading in Readly's shares on Nasdaq Stockholm
    Stockholm, Sweden - September 2020

    Insider information: Readly International AB (publ) ('Readly' or the 'Company'), the European category leader within digital subscription services for magazines, today announces the outcome of the offering and listing of Readly's shares on Nasdaq Stockholm (the 'Offering'). The Offering has received great interest among institutional investors in Sweden and internationally, and the general public in Sweden. The Offering generated total demand in excess of SEK 5 billion, and was more than 10 times oversubscribed excluding shares acquired by cornerstone investors. As a result of the Offering, the Company will have approximately 25,000 new shareholders. Trading on Nasdaq Stockholm commences today, 17 September 2020.
    The Offering in brief:

    - The Offering price was SEK 59 per share, corresponding to market capitalisation of approximately SEK 2,168 million, including the new shares to be issued in connection with the Offering.

    - The Offering comprised a total of 12,203,389 shares, of which 7,627,118 newly issued ordinary shares and 4,576,271 ordinary shares offered by the Selling Shareholders[1].

    - Since the Offering was fully subscribed the Company will receive approximately SEK 450 million in gross proceeds before deduction of costs relating to the Offering. The number of shares sold by the Selling Shareholders in the Offering corresponds to a maximum of approximately SEK 270 million.

    - In order to cover any potential over-allotment in connection with the Offering, the Main Shareholder[2] has committed, upon request of ABG Sundal Collier (the 'Sole Global Coordinator'), to offer up to an additional 1,830,508 existing shares corresponding to up to SEK 108 million or 15 percent of the total number of shares in the Offering (the 'Over-allotment Option').

    - Assuming that the Over-allotment Option is exercised in full, the Offering will amount to 14,033,897 shares, corresponding to approximately 38.2 percent of the outstanding shares and votes in the Company after the Offering.

    - The number of shares in the Company will increase by 7,627,118 shares from 29,114,330 shares to 36,741,448 shares, corresponding to a dilution of 20.8 percent of the total number of shares in the Company after completion of the Offering.

    - Eight cornerstone investors have acquired shares in the Offering under certain conditions, and at the same price as other investors, corresponding to a total value of SEK 390 million or approximately 47.1 percent of the Offering, including the Over-allotment Option. Information on the eight cornerstone investors and the amounts invested are detailed below.

    Existing shareholders:

    - Swedbank Robur Fonder: SEK 70 million

    - Tredje AP-fonden (AP3): SEK 30 million

    - Consensus Småbolagsfond: SEK 30 million

    New shareholders:

    - TIN Fonder: SEK 70 million

    - Handelsbanken Fonder: SEK 70 million

    - C WorldWide Asset Management: SEK 70 million

    - Skandia Fonder: SEK 33 million

    - Skandia Liv: SEK 17 million

    - Readly has filed the listing application, the undertaking to follow the Nasdaq rule book and the certificate of distribution of shares to Nasdaq. Trading in Readly's share on Nasdaq Stockholm commences today, 17 September 2020, where the shares will be traded under the ticker "READ", with the ISIN code SE0014855292. Please note that the Company has been assigned a new ISIN code, different from the ISIN code disclosed in the prospectus that was published on 7 September 2020. The reason for the change of ISIN code is that the Company has carried out a share split.

    - Settlement in the Offering is expected to take place on 21 September 2020.

    About Readly

    Founded in 2012, Readly is the European category leader for digital magazines[3]. Readly offers a digital subscription service for magazines with content from third party publishers. The product can be accessed online or via apps available on all main operating systems. Readly’s subscribers have unlimited access to quality content from approximately 800 publishers and editors for a fixed monthly fee. Since the service was launched, Readly has seen a large increase in the number of fully paying subscribers. Readly’s core markets Germany, the United Kingdom and Sweden together represented approximately 85 percent of the Company's net sales in the first half of 2020. Readly has subscribers in more than 50 countries and has agreements with publishers to offer local content in 11 countries. Moreover, Readly offers magazines in 17 languages.
    The Company has shown significant growth in total revenue over the past years, reaching SEK 265 million in 2019. Total revenue has grown by a CAGR of 44 percent between 2017 and 2019 and all of Readly's core markets had positive organic growth during these years.

    Maria Hedengren, CEO of Readly

    'Embracing new technology, and new consumer habits and preferences is at the core of Readly’s business. Becoming a listed company will put us in an even better position to leverage our European category leadership, and to continue building an even more attractive proposition for readers and publishing partners alike. We are firmly committed to continue executing on our ambitious growth strategy. I very much look forward to the next step on this exciting journey together with existing and new shareholders, the amazing Readly team, and in close collaboration with our fantastic publishing partners worldwide.'

    Patrick Svensk, Chairman of the Board of Directors of Readly

    'Today marks an exciting day for Readly in its new phase as a listed company. Readly is on a journey to enable the discovery and survival of quality content. We are delighted to continue Readly’s growth journey together with our anchor investors of such high caliber and an offer multiple times oversubscribed highlighting the strong interest in our business model.'

    Stabilisation measures

    The Sole Global Coordinator may, in connection with the Offering, conduct transactions in order to maintain the market price for the shares at a level above that which might otherwise prevail in the open market. Such stabilisation transactions may be carried out on Nasdaq Stockholm, in the over-the-counter market or otherwise, at any time during the period starting on the date of commencement of trading in the shares on Nasdaq Stockholm and ending not later than 30 calendar days thereafter. However, the Sole Global Coordinator has no obligation to undertake any stabilisation measures and there is no assurance that stabilisation measures will be undertaken. Under no circumstances will transactions be conducted at a price higher than the one set in the Offering.
    The Sole Global Coordinator may use the Over-allotment Option to over-allot shares in order to facilitate any stabilisation transaction. The stabilisation transactions, if conducted, may be discontinued at any time without prior notice but must be discontinued no later than within the aforementioned 30-day period. The Sole Global Coordinator must, no later than by the end of the seventh trading day after stabilisation transactions have been undertaken, in accordance with article 5(4) of the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, disclose that stabilisation measures have been undertaken. Within one week of the end of the stabilisation period, the Sole Global Coordinator will disclose whether or not stabilisation measures were undertaken, the date on which stabilisation started, the date on which stabilisation was last carried out as well as the price range within which stabilisation was carried out for each of the dates when stabilisation measures were conducted.


    ABG Sundal Collier is acting as Sole Global Coordinator and Sole Bookrunner, and Handelsbanken Capital Markets is acting as Lead Manager. STJ Advisors is acting as financial advisor to the Company. Baker McKenzie is acting as legal advisor to the Company, and White & Case is acting as legal advisor to the Sole Global Coordinator and Lead Manager. In relation to the general public, Avanza is acting as Retail Manager and Nordnet is acting as Selling Agent.

    For more information, please contact:

    Contact for investors and analysts:

    Maria Hedengren, CEO Readly

    Johan Adalberth, CFO Readly
    +46 72 727 50 70,

    Annika Billberg, Head of Investor Relations Readly
    +46 70 267 97 91,

    Contact for media:

    Linnéa Aguero, Head of PR & Communications Readly
    +46 72 503 32 31,

    This information is inside information that Readly International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.

    The information was submitted for publication, through the agency of the contact persons set out above, on 17 September 2020 at 02.20 CEST.

    Important information

    The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Readly in any jurisdiction, neither from Readly nor from someone else.

    This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. ABG Sundal Collier is acting for Readly in connection with the Offering and no one else and will not be responsible to anyone other than Readly for providing the protections afforded to its clients nor for giving advice in relation to the Offering or any other matter referred to herein.

    This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the Unites States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, South Korea, Switzerland or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
    This press release is not a prospectus for the purposes of the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. A prospectus in connection with the Offering has been prepared and published by the Company on the Company's website.
    In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, 'qualified investors' who are (i) persons having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

    Forward-looking statements

    This press release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this press release are free from errors and readers of this press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release, unless it is not required by law or Nasdaq Stockholm rule book for issuers.

    Information to distributors

    Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ('MiFID II'); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the 'MiFID II Product Governance Requirements'), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any 'manufacturer' (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in Readly have been subject to a product approval process, which has determined that the shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the 'Target Market Assessment'). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in Readly may decline and investors could lose all or part of their investment; the shares in Readly offer no guaranteed income and no capital protection; and an investment in the shares in Readly is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.

    For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in Readly.

    Each distributor is responsible for undertaking its own target market assessment in respect of the shares in Readly and determining appropriate distribution channels.
    [1] Cleantech Europe II Luxembourg Sarl, Joel Wikell, Växjö Cityfastigheter AB, Readly Co-Investment LP, Channel 4 Ventures Limited, Henrik Widov, Fredrik Petrini, Millium AB, State 5 Software AB and Glintsoft AB.
    [2] Cleantech Europe II Luxembourg Sarl.
    [3] Among identified 'all-you-can-read' competitors in Europe, Readly is defined as the European category leader on the basis of: highest number of magazine titles, relationships with most major publishers in core markets, highest average monthly website visits between October and December 2019 (worldwide) and highest iOS-store rating, PwC Strategy& market study.

  • July 2020
    Taulia secures strategic investments from Ping An, J.P. Morgan and Prosperity7 Ventures
  • Taulia secures strategic investments from Ping An, J.P. Morgan and Prosperity7 Ventures
    SAN FRANCISCO, USA - July 2020

    San Francisco-based fintech raises $60 million in new strategic funding round

    Taulia, the leader in working capital technology solutions, today announced a new strategic funding round of $60 million led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. The funding will help accelerate growth as the company sets its sights on further global expansion.

    CEO of Taulia, Cedric Bru said, 'It’s a testament to the product-market fit of the Taulia solution that we have garnered the interest and investment from this trifecta of Fortune Global 50 companies. Ping An, J.P. Morgan and Prosperity7 Ventures bring a wealth of knowledge that we will leverage to further solve liquidity needs of businesses and contribute to economic growth.'

    Donald Lacey, Managing Director and COO of the Ping An Global Voyager Fund, said, 'Providing SMEs access to efficient sources of financing is a topic of incredible importance in today’s economic environment. Taulia is at the forefront of supply chain finance technology, with a global footprint that spans over two million SME suppliers and a suite of solutions that dramatically improves SMEs’ ability to manage cash. We are excited to partner with Cedric and his team to build out their capabilities in China.'

    This latest round of funding comes as Taulia announced reaching profitability in 2019 and a new strategic alliance with J.P. Morgan earlier this year. Using technology-enabled solutions and innovations including machine learning, the company processes over $500 billion in spend annually across its network.

    'We’re committed to bringing the best solutions in the market to our customers and our strategic alliance with Taulia has been well received by clients,' said Stuart Roberts, Global Head of Trade, J.P. Morgan. 'The investment component is another step in our relationship as we look to better serve clients and their supply chains within our Global Trade franchise.'

    Aysar Tayeb, Executive Managing Director of Prosperity7 Ventures a Venture Capital Fund of Aramco, said, 'Taulia is a very promising company that is providing real value to buyers and suppliers through a smart combination of dynamic discounting and supply chain financing.  Taulia’s innovative solution will be an essential component for many corporates and SMEs as they strive for working capital optimization, which is a pressing priority through the current economic challenges.'


    About Taulia

    Taulia is a leading provider of working capital solutions headquartered in San Francisco, California. Through a unique combination of its technology platform, people and process, Taulia helps companies access the value tied up in their supply chain by transitioning from inefficient and often manual working capital management practices into technology-led, working capital optimization strategies. Taulia’s vision is to create a world where every business thrives by enabling buyers and suppliers to choose when to pay and get paid. A network of 2 million businesses use Taulia’s technology and the company processes over $500 billion every year. Taulia is trusted by the world’s largest companies including Airbus, AstraZeneca, Nissan and Vodafone. For more information, please visit

  • April 2020
    Taulia Announces Strategic Alliance with J.P. Morgan
  • Taulia Announces Strategic Alliance with J.P. Morgan
    San Francisco - April 2020

    Alliance will create a unique and differentiated trade finance solution.

    Taulia, the leader in working capital technology solutions, today announced a strategic alliance with J.P. Morgan which will create a unique and differentiated trade finance solution for clients. This alliance cements Taulia’s position as the market-leading Supply Chain Finance provider and allows J.P. Morgan to deepen the value proposition for clients.

    The new strategic initiative offers J.P. Morgan’s clients both the capability to onboard suppliers of all sizes across the globe and the flexibility to toggle seamlessly between bank-funded and self-funded early payments. Through Taulia’s platform, clients will be able to inject liquidity to strengthen their supply chain while simultaneously giving them more visibility and control over their cash, ultimately unlocking trapped working capital within their supply chains.

    “We’re always looking for impactful ways to enhance the client experience within Wholesale Payments and that’s been proven by our various investments over the last three years – from acquisitions to strategic alliances like what we’re doing with Taulia,” said Takis Georgakopoulos, Global Head of Wholesale Payments, J.P. Morgan. “With Taulia, we’re better positioned to serve our clients for the long term, allowing them to inject and redeploy liquidity to their suppliers, ensuring continued operations during this challenging time.”

    This is J.P. Morgan’s most significant strategic alliance with a FinTech in the trade finance business, as the firm looks to leverage Taulia’s industry leading technology platform, data and analytics to enhance and optimize corporate supply chains.

    “We’re eager for clients to begin using the combined offering, as it brings together our depth of resources, expertise, strategic vision and vast client relationships, accelerating growth and innovation within the trade finance industry,” said Stuart Roberts, Global Head of Trade, J.P. Morgan.

    “We are very excited to be working together with J.P. Morgan to offer a solution that will be game-changing in our industry. Combining Taulia’s technology and delivery with J.P. Morgan’s global reach creates an unmatched value proposition for clients. Our mission is to allow businesses to thrive by having access to cash in a predictable and cost-effective manner. This strategic alliance further strengthens our purpose,” says Cedric Bru, CEO, Taulia.

    About J.P. Morgan’s Wholesale Payments Business

    J.P. Morgan’s Wholesale Payments business combines the treasury services, trade, commercial card and merchant services capabilities to help clients pay anyone, in any currency, anywhere in the world. It processes $6 trillion payments daily, is the top USD clearer and was the first to offer real-time payment capabilities across USD, GBP and EUR.

  • July 2019
    Zouk sells its stake in Trilliant
  • Zouk sells its stake in Trilliant
    London - July 2019

    Zouk announced today that it has sold its stake in Trilliant, a leading global provider of smart grid solutions. Terms of the deal were not disclosed.

    Samer Salty, Managing Partner, Zouk Capital commented 'We are delighted to have helped Trilliant expand internationally over the last ten years as it has developed into a truly global supplier of smart grid and smart city solutions and we wish the team the very best for the next stage of their growth.'

    Trilliant provides intelligent network solutions and software to utilities for advanced metering, demand response, and Smart Grid management in Europe, North America and Asia.

    Trilliant Incorporated is a leading global provider of smart grid solutions that incorporate intelligent networking and enterprise software to transform the way electricity, gas and water are managed, monitored and consumed.

    The company’s SecureMesh suite of communication products and related offerings provide utilities with an integrated grid platform that forms the backbone of a Smart Grid, enabling a wide range of advanced automation capabilities. The company’s end-to-end secure Internet Protocol -based networking system offers unmatched flexibility, scalability, and future proofing and can be custom tailored to address the grid automation needs of its customers, from the world’s largest investor owned utilities to small, rural utility cooperatives.

    To date, Trilliant has successfully deployed its smart grid solutions to over 200 utility customers across North America and Europe, automating over 1.5 million endpoints in a wide variety of geographies, densities, and applications.

  • June 2019
    Zouk Capital awarded ESG Investor of the Year
  • Zouk Capital awarded ESG Investor of the Year
    London - June 2019

    Clean infrastructure and growth technology fund manager Zouk Capital is delighted to announce it has been awarded 'ESG Investor of the Year' at BusinessGreen's 2019 Leader Awards.

    Over 500 executives, politician, investors, entrepreneurs and campaigners gathered in London on 26th June to celebrate the green economy. The awards were more competitive than ever with over 350 entries across 24 categories. In the ESG Investor of the Year category, Zouk were announced as winners, with the judges commenting, 'With ever more investors embracing ESG practices, Zouk Capital stood out with the judges thanks to its long-standing and fully embedded ESG strategy, which has served to drive major investments in some of Europe's most exciting clean technology projects and companies.' Highly commended in the category were Church Commissioners for England and Hermes Investment Management.

    Zouk first started formalising its ESG practices in 2006 and has regularly improved upon and updated this knowledge on a continual basis. ESG is at the core of every Zouk investment, believing that incorporating views around sustainability into its investment process drives alpha in its investments. Zouk's approach is holistic and therefore able to fully capture a prospective investment's impact, sustainability and/or resource efficiency potential. Formal policies are in place to guide this process and assess ESG value creation. All investments are measured through Zouk's bespoke ‘Sustainable Impact Assessment Methodology' with findings and ESG assessment included as part of the investment committee paper, discussion, and decision.

    Samer Salty, Managing Partner of Zouk Capital said, 'We are delighted that our commitment to ESG has been recognised. Combining a returns-driven strategy with a sustainability-driven strategy allows a focus on investments that generate target returns while driving ESG considerations. This is understood and appreciated by our investors and investments. We believe that a culture of sustainability must be pervasive through the whole company - it is part of Zouk's DNA. We believe a more sustainable approach to every part of life is becoming a deep-rooted cultural shift for companies, people and investors. Cultural change demonstrates that once we are doing ‘good', doing ‘well' is a lesson combining financial, economic and impact. This power of culture becomes even more effective when overlaid with better economics and the multiplier effect means it not only makes better sense environmentally, but also economically. We believe we are on the cusp of this cultural shift.'

  • June 2019
    Readly secures €15m in new funding, led by the Third Swedish National Pension Fund
  • Readly secures €15m in new funding, led by the Third Swedish National Pension Fund
    Stockholm - June 2019

    Readly, the European category leader in digital magazine subscriptions, today announced that it has completed a €15 million investment round, led by the Third Swedish National Pension Fund (“AP3”).

    Also participating were both new and existing investors, including Zouk Capital and Swedbank Robur, among others.

    Since inception, Readly has pioneered the market for digital magazine subscriptions by providing its subscribers with unlimited access to local and international high-quality content from well-renowned publishers. With a presence in 8 key European countries and the US, Readly already generates more than two-thirds of its revenues outside Sweden, and the funds raised will predominantly be used to fuel continued expansion in current European markets.

    Maria Hedengren, CEO of Readly, commented: “The magazine publishing industry is only just starting to move from offline to online, and we expect the digital penetration of magazines to reach that off other media verticals, such as music and film. Readly will continue to lead the digital magazine transformation, across Europe and beyond. For this next step of our growth journey, We are very glad to have the support of our existing investors and now also such an experienced investor as AP3 to support our continued expansion. This shows that we have managed to build confidence in the business model, team and the market”.

    Readly’s pathway to growth has been fast. In March 2019 Readly was ranked in the top 200 overall and the second fastest growing company in Sweden in the ‘Financial Times 1000 Fastest Growing Companies in Europe’. In May 2019 Readly launched its service in Italy and further strengthening the content portfolio, which now includes over 4000 titles.

    ABG Sundal Collier acted as financial adviser and Sole Global Coordinator in the transaction and Baker McKenzie as legal adviser.

  • April 2019
    Maria Hedengren joins Readly as CEO
  • Maria Hedengren joins Readly as CEO
    Stockholm - April 2019

    iZettle ex-CFO set to pilot Readly through next growth phase

    The Board of Readly International today announce that Maria Hedengren, previously CFO at iZettle, is joining Readly as CEO. Senior executive Maria brings more than 20 years of experience from global finance and business management.

    At iZettle, Maria was instrumental in the $2.2bn sale to PayPal and in gearing up the company for expansion. Formerly serving as CFO of the publicly listed NetEnt AB (publ), a platform and games provider to some of the world’s largest casino and sports betting operators, Hedengren has led both private and public technology companies and has a proven track record of scaling companies internationally.

    Maria Hedengren will start as CEO on April 24th and current CEO Jörgen Gullbrandson, who is moving on to pursue new opportunities, will leave the company.

    "We are delighted that Maria, with her significant experience in scaling technology companies internationally has agreed to join Readly. Her expertise will help guide the company through this next important development phase of our business,” said Per Hellberg, Chairman of Readly.  “The Board and I would also like to take this opportunity to thank Jörgen for his many contributions to the success of Readly. Since joining the company, initially as CFO, Jörgen has played an important role in the continuing development of Readly and we wish him the very best for the future.”

    Readly’s pathway to growth has been swift. In March 2019 Readly was ranked in the top 200 overall and the second fastest growing company in Sweden in the ‘Financial Times 1000 Fastest Growing Companies in Europe’, which measured growth between 2014-2017. 2018 saw over 55% revenue growth, launches in Switzerland and the Netherlands and further strengthening of the content portfolio, which now includes over 4000 titles.

    "From a professional perspective, I have always been driven to create the very best conditions for continuous revenue growth. I'm very impressed by Readly's growth so far, and I love the product. As we look ahead, Readly is well positioned to increase its market share and I am thrilled to join the Readly team on their growth journey. To be trusted with the position as CEO of a company that has created such a great product for its users, and for the industry as a whole, is truly exciting,” added Maria Hedengren. 

  • January 2019
    Zouk’s 2018 in pictures
  • Zouk’s 2018 in pictures
    - January 2019

    2018 was great year with a significant exit and some exciting new investments across our Technology and Infrastructure portfolios.
    Take a look at some of the highlights.


  • November 2018
    Workable raises $50m to automate recruiting
  • Workable raises $50m to automate recruiting
    Boston - November 2018

    Workable, the world’s most popular recruiting automation platform for SMBs, raised an additional $50 million of growth financing. The round was led by London-based private equity firm Zouk Capital with participation from previous investors 83North, Balderton, Notion and TriplePoint.

    The six-year-old software company has been growing at a dramatic pace. More than 20,000 companies have used Workable to source and evaluate 50 million job candidates in 100 countries around the world.

    Several million SMBs do 70% of the hiring in the world. The old tech stack of separate point solutions for sourcing, evaluation and workflow isn’t serving them well. Workable packs everything a modern recruiting operation needs into a single tool: recruitment marketing, passive candidate sourcing, interview scheduling, candidate assessment and workflow automation.

    Workable has developed AI technology that draws upon hundreds of millions of human decisions to recommend candidate matches and programmatically advertise to individual candidates alongside a network of 180 partners including LinkedIn, Indeed, Facebook, and Google. It is now rolling out new technology to automate the screening and evaluation process, such as candidate self-scheduling, resume enrichment, machine-powered screening and more than 30 integrated evaluation and video interviewing tools.

    Most of the effort that goes into recruiting today gets consumed by administrative tasks, sifting through data, email outreach, interview scheduling or conducting assessments. Workable wants to automate the tasks that computers are better at and free up recruiters’ time to focus on the substance: talking to qualified job candidates and working with hiring managers to build great teams.

  • August 2018
    Readly raises €10m for next stage of global expansion; adds new investor Swedbank Robur
  • Readly raises €10m for next stage of global expansion; adds new investor Swedbank Robur
    Stockholm - Sweden - August 2018

    Readly, the global digital magazine newsstand, today announced it has raised €10m in additional funding to drive the next stage of its growth. The latest round of funding comes from new investor Swedish fund Swedbank Robur and London based Zouk Capital. The company will use the funds to further its international expansion and support growth in its existing markets.

    "Reading magazines digitally has become second nature as the demand for quality, curated content via the smartphone or tablet grows. The funding reflects confidence in our business model, team and market. It plays an important role in ensuring Readly fulfils its vision to be at the forefront of digital publishing by reaching a wider audience with the very latest in digital magazines across both new and existing markets. We are delighted with the continued support of our investors", says Jörgen Gullbrandson, CEO of Readly.

    Stockholm headquartered Readly, offers an app for tablets and smartphones that lets customers have unlimited access to thousands of national and international magazines for a fixed monthly subscription. With readers in 46 markets and access to over 3200 national and international digital magazines, Readly is the leading global digital newsstand subscription service. 2017 saw close to 100% revenue growth, with strong growth continuing this year.

    “Spotify transformed the music industry on a global scale and we’re seeing the same with the magazine industry. Readly is well equipped to lead this progressive industry forward through its digital offering and continued innovation. We are pleased to invest in Readly and be part of this next chapter,” says Erik Sprinchorn, Fund Manager at Swedbank Robur.

    “We are in no doubt that the future of reading magazines is digital and Readly continues to be one step ahead of the competition, revolutionising the way we enjoy magazines. We have supported Readly from the early days and are delighted to be part of their continued success,” says Nathan Medlock, Partner at Zouk Capital.

    Latest data shows an 80% growth in digital magazine consumption year on year with over 13 million magazines read in the last year. The global magazine industry has a turnover of €70 billon, which is 5 times greater than the music industry. Today, digital magazines represent about 6.5% of the total magazine industry turnover, a share expected to increase over the coming years. Readly launched in Switzerland earlier this year as the seventh global market and will continue expansion to further markets over the coming year.

  • June 2018
    Taulia Addresses $14tr Trapped in Supply Chains
  • Taulia Addresses $14tr Trapped in Supply Chains
    - June 2018

    Working capital pioneer brings together business leaders to explore innovations unlocking $14 trillion trapped in supply chains globally

    San Francisco, June 2018: Taulia, the global pioneer of technology-enabled working capital solutions today announced that it is hosting two working capital summits - the biggest of their kind seen in North America. The summits will bring together business leaders from Global 2000 companies to explore how the latest technology innovations in supplier financing are transforming the way companies across the supply chain free up and deploy cash.

    The first of the two events will be held in NASDAQ Entrepreneurial Center in San Francisco on October 10 2018 and the second on October 18 2018 in the Virgin Hotel, Chicago.

    “This initiative falls right in line with our mission of offering mentorship resources that fast-growing entrepreneurs can use in real-time to scale their companies,” said Nicola Corzine, Executive Director of the Nasdaq Entrepreneurial Center. “Access to mentorship and capital are probably the two biggest challenges we hear about from business leaders, so we’re expecting quite a program.”

    In unveiling the summits at an exclusive interview from the NASDAQ Entrepreneurial Center Cedric Bru, CEO of Taulia said “The ability of companies to access and deploy cash in the digital age will dictate who survives and who fades from sight. 70 years ago the average lifespan of a Fortune 500 company was 75 years. Today it’s just 15 years. The companies that understand how to access the cash trapped in their supply chains and put it to work to transform their business are the ones that will be the winners of tomorrow. Our goal in hosting the working capital summits is to help more companies tap into the $14 trillion in trapped cash and win in the digital age.”

  • May 2018
    PayPal to acquire iZettle for $2.2bn.
  • PayPal to acquire iZettle for $2.2bn.
    Stockholm - May 2018

    iZettle has agreed to be acquired by PayPal in a deal valuing the business at $2.2bn. Zouk has been an investor since 2014 and is the largest investor in iZettle. 

    CEO Jacob de Geer commented on the deal in a open letter.


    An open letter from Jacob de Geer – iZettle to join forces with PayPal

    May 18, 2018

    Today is a very big day – for me and for everyone at iZettle. Yesterday we reached an agreement with PayPal to acquire iZettle, the company I co-founded eight years ago and have lived with 24/7 since.

    Together with my co-founder, Magnus Nilsson, more than 500 other iZettlers around the world and early backers like Zouk Capital, Index Ventures, 83North, Creandum and Northzone, I’m proud to say we’ve built something amazing.

    Since 2010 we’ve worked tiredlessly to become what we are today – the leading small business commerce platform in Europe and Latin America offering merchants tools to get paid, sell smarter and grow. But what I’m most proud of is that we make a difference for hundreds of thousands of small businesses around the world – every day.

    As you might have heard, we were preparing the company for a potential IPO. But plans sometimes change. Late in the IPO process, PayPal got in touch and showed a serious interest in iZettle. The relationship with PayPal is not a new one, in fact we’ve talked about different ways of working together for years. But this time it very quickly turned into a detailed discussion on how we could benefit from joining forces. And we both realised the great opportunity in doing just that.

    Teaming up with another company is no small thing. But during our discussions with PayPal’s President and CEO Dan Schulman and his team, it has become obvious that we share the same belief in the power of small businesses. They create diversity, choice and opportunity in society, but they’re still underserved by the incumbents. Small businesses  deserve something better.

    The two companies have complementary product offerings and geographies. PayPal views iZettle’s capabilities and talent as best-in-class and we will work together to scale our reach and geographical footprint. iZettle will become a center of excellence for PayPal’s in-store product and services offerings for small businesses going forward, which I’m really excited about.

    Creating a center of excellence in Stockholm with a global reach means a lot to me. Sweden has been a great breeding ground for us and has birthed success stories like Spotify, Skype, Klarna, Mojang and King. I’m proud to add iZettle to Sweden’s impressive list of tech greats.

    The global scale and 19 million merchant relationships that PayPal has enables us to move faster and reach further than ever before. Combined with the iZettle brand, capabilities and talent this means we’re ready to level the playing field for small businesses all around the world.

    That’s why we’re so excited to join PayPal. We’ll continue to work in much the same way we always have, just as a member of a global family with great expansion opportunities. We’ll continue pursuing our mission of helping small businesses succeed in a world of giants and our teams and culture will remain our key strengths.

    By joining the PayPal family we’ll become iZettle with superpowers and jump on a fast track to realise our vision. The opportunity to become part of PayPal was too good to pass up. Not only because of what it means for iZettle and for iZettle’s employees, but because of what we can offer to our merchants.

    I couldn’t ask for a more exciting next step for iZettle.


    Jacob de Geer
    CEO & co-founder, iZettle

  • May 2018
    iZettle announces IPO
  • iZettle announces IPO
    Stockholm - May 2018

    iZettle, the Swedish financial technology company backed by Zouk Capital, has announced its intention to proceed with an initial public offering and to list its shares on Nasdaq Stockholm. 

    To read the full announcement please visit the iZettle website.


    About iZettle

    iZettle is on a mission to help small businesses succeed in a world of giants. Founded in Stockholm in 2010, the financial technology company became a category leader in mobile payments with the world’s first mini chip card reader as well as software for mobile devices. Today iZettle’s commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow their businesses.

  • March 2018
    Readly appoints new CEO
  • Readly appoints new CEO
    Stockholm - March 2018

    The Board of Readly International, the digital magazine newsstand, has announced the appointment of Jörgen Gullbrandson as Chief Executive Officer.

    Jörgen Gullbrandson has over 20 years of experience from various management roles. Previously he worked at BBDO, Glocalnet, Beiersdorf AG, and in 2009 he joined Universum as CFO and was later appointed Managing Director EMEA. In late 2017 he joined Readly as CFO and has continued to be an integral member of the team.

    "Since joining the company, Jörgen has worked tirelessly in his role as CFO and has shown himself to be a truly exemplary Readly team member" comments Meg Tivéus, Chairman of the Board of Directors. "The board is confident he will use his energy, passion and experience to chart a successful course for Readly."

    Jörgen Gullbrandson will start as CEO with immediate effect and former CEO Per Hellberg will take on the role as acting Executive Chairman. His appointment ensures a seamless transition, which enables accelerated growth in line with the existing growth strategy.

    "I'm pleased to take on the role as CEO at Readly in this exciting phase.I love the product and I am very impressed by what the company has achieved so far.Per Hellberg has done an excellent job in building a great team and a robust organization. Ahead,I see immense potential for Readly, and I look forward to take the company to the next level." says Jörgen Gullbrandson.

    About Readly
    Readly is a digital service that lets customers have unlimited, “all-you-can-read” access to thousands of national and international magazines in one app – both streamed and downloaded. Readly was launched in Sweden in March 2013 and now has offices also in the UK and Germany and a rapidly growing user base in more than 50 countries. The service is ultra-fast, easy-to-use and convenient – each subscriber can access magazines on up to 5 devices. In addition to all the consumer benefits, Readly offers a powerful, risk-free route to market for publishers who can also track and analyse how their content is being consumed.

  • March 2018
    InstaVolt teams up with Bannatyne Heath Clubs
  • InstaVolt teams up with Bannatyne Heath Clubs
    Basingstoke, UK - March 2018

    Members at Bannatyne Health Clubs will soon be able to charge their electric cars in less time than it takes to do a spin class.

    Duncan Bannatyne’s health club empire is working with InstaVolt to install rapid DC chargers at its sites across the UK.

    InstaVolt’s rapid DC charging stations charge at a rate of 50kW, meaning most electric cars could be fully charged in less time than it takes to do a typical spin class.

    The installation of more than 70 rapid DC chargers is underway, with 56 already live, and the Bannatyne Group says more are likely to follow as EV sales continue to grow.

    Figures published by the Society of Motor Manufacturers and Traders (SMMT) each month show that electric car sales in the UK have risen dramatically over the past few years. While only around 500 electric cars were registered per month during the first half of 2014, this has now risen to an average of almost 4,000 per month during 2017 according to data from

    Bannatyne Group CEO Justin Musgrove said: “Our health clubs offer members the latest in fitness technology and keep ahead of all the latest trends, while aiming to maintain our environmental credentials.
    “Enabling members to charge their electric vehicles while using the health club is part of this commitment.”

    Unlike many other firms, InstaVolt installs and maintains chargers for free and instead makes its money from the sale of electricity to drivers. It even gives site hosts a rental income for letting them use space to house the chargers.

    CEO Tim Payne said: “As electric vehicles become more and more popular, it’s a no brainer for businesses to start offering charging points to customers. Both the Government and the private sector are in agreement that we need a reliable public charging network and companies like Bannatyne Group are helping to make that possible by making chargers available for drivers to use on their land.”

    Like all of InstaVolt’s charging units, those at Bannatyne Health will be available for electric vehicle drivers to use on a subscription free, pay-as-you-go basis. Motorists simply tap their contactless credit or debit card, charge-up and go. Users are charged only for the electricity they use on a per-unit basis. There is no connection fee, minimum charge or monthly subscription fee.

    The chargers are compatible with any electric car that is geared up for DC rapid charging.

    InstaVolt chargers are being installed at the following Bannatyne Health Club locations: Ayr, Banbury, Braintree, Bristol, Broadstairs, Chafford Hundred, Charlton House, Colchester, Darlington, Eastbourne, Grove Park, Livingston, Lowestoft, Mansfield, Newport, Norwich, Peterborough, Rotherham, Wakefield, Worksop, Burton on Trent, Cardiff, Coulby Newham, Crewe, Dumfries, Durham, Folkestone, Ingelby Barwick, Norwich West, Shrewsbury, Skelmserdale, Solihull, Stepps, Wellingborough, York.

  • January 2018
    Swedish pension funds invest in iZettle
  • Swedish pension funds invest in iZettle
    Stockholm - January 2018

    Swedish pension funds AP1 and AMF have acquired shares in iZettle, investing a total of €20 million. The shares were acquired from early stage investors selling portions of their holdings.

    The news follows the announcement of iZettle’s recent funding round of €40 million, led by venture capital firm Dawn and the Fourth Swedish National Pension Fund, AP4.

    “We are pleased to welcome such renowned, long-term investors to iZettle. Today’s announcement means that we are able to offer AP1 and AMF a substantial holding and meaningful ownership in iZettle. We look forward to embarking on the next stage of our journey together,” says Jacob de Geer, co-founder and CEO of iZettle.

    “Our mission is to deliver high, long-term returns while maintaining a low level of risk to the benefit of current and future pensioners. iZettle’s rapid yet sustainable growth and what they are doing for small businesses around the globe supports the potential we see in the company,” says Olof Jonasson, Head of Equities at Första AP-fonden, AP1.

    “We are excited about the opportunity to invest in one of the most promising, innovative and fast growing Swedish tech companies of today. AMF’s mission is to deliver good and secure occupational pensions to our four million customers, and I believe that this investment has the potential to contribute to this in an good way. We look forward to follow iZettle more closely in the future,” says Anders Oscarsson, Head of Equities at AMF.  

    The majority of shares were acquired from Santander Innoventures, who will continue to retain a stake in iZettle.

    About iZettle
    iZettle is on a mission to help small business succeed in a world of giants. Founded in Stockholm in 2010, the financial technology company revolutionized mobile payments with the world’s first mini chip card reader and software for mobile devices. Today iZettle’s commerce platform for small businesses in Europe and Latin America provides tools to get paid, sell smarter and grow your business. Find out more information about iZettle’s small business community at

    About Första AP-fonden (AP1)
    Första AP-fonden (AP1) is one of five AP-funds, which ensures stability in the Swedish national income pension system. AP1’s assets under management totals SEK 323 billion (30 June 2017) and the global portfolio consists of equities, fixed income securities and alternative investments. Första AP-fonden is a long-term investor and an active owner. In its role as owner, the Fund places high demands in the areas of environmental, social and corporate governance.

    About AMF
    AMF is the pension company for everyone looking for simple and reliable pension solutions that deliver high returns at a low cost. AMF manages approximately SEK 600 billion in assets for 4 million customers. AMF is owned equally by the Swedish Trade Union Confederation (LO) and the Confederation of Swedish Enterprise and operated on mutual principles, entailing that all profits are returned to the customers.

  • January 2018
    Off Grid Electric Secures $55 Million
  • Off Grid Electric Secures $55 Million
    San Francisco - January 2018

    Off Grid Electric Secures $55 Million Series D Funding, Expands Footprint in Africa with EDF

    Off Grid Electric – a leading rooftop solar provider in Africa, where it’s known by its consumer brand Zola – today announced major growth initiatives for the company, including expansion and funding. Off Grid Electric and EDF, a global leader in low-carbon energies, will expand their partnership in West Africa by offering off-grid solar solutions to households in Ghana. To support continued expansion and new product development, Off Grid Electric has secured the largest venture equity investment into Africa – $55 million in Series D funding led by Helios, acting on behalf of funds it advises, with support from GE Ventures and existing investors.

    More than 600 million people in sub-Saharan Africa live without electricity, and those who do have electricity are often plagued by an unreliable grid. Meanwhile, solar power is Africa’s most abundant but least utilized source of energy generation. Off Grid Electric, through its consumer brand Zola, combines Silicon Valley technology with local expertise to offer African homes and businesses rooftop solar as a solution to an unreliable or non-existent grid. Off Grid Electric currently provides power to more than 150,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire, and Ghana.

    “2017 was a memorable year for Off Grid Electric. We achieved operating profitability in our largest market, launched a transformative new phase of product and technology development, and established clear market leadership in four African markets,” said Xavier Helgesen, co-founder and CEO, Off Grid Electric.

    Series D Investment Round

    Off Grid Electric’s $55 million Series D funding was led by Helios Investment Partners, with support from GE Ventures, the venture capital subsidiary of General Electric. Helios is one of the few independent pan-African private investment firms founded and led by Africans, and has built a reputation as a partner of choice on the continent with successful investments across sectors and geographies.

    “We are excited to work closely with Helios and GE Ventures to accelerate our next stage of growth. They join a roster of strategic and capital partners that is already the strongest in the industry, including Tesla, Total, EDF, DBL Partners, Zouk Capital, Vulcan Capital, and Omidyar Network,” added Bill Lenihan, President, Off Grid Electric.

    “As the largest private equity firm exclusively focused on Africa, energy access is a priority theme for Helios. Our strategy is to build market-leading platform businesses in core sectors of the continent’s larger economies. We believe the innovative platform OGE is developing will play an important role in Africa’s electricity future, and have a positive impact on the lives of Africans” said Tope Lawani, Co-founder and Managing Partner, Helios Partners.

    “Approximately one-third of the world’s electricity is generated by GE equipment, but millions of people still lack access to reliable power. We are excited to partner with Off Grid Electric to expand access to clean affordable energy in sub-Saharan Africa and scale its impact,” said Daniel Hullah, Managing Director of Energy Investments at GE Ventures.

    Expansion to Ghana

    Off Grid Electric and EDF first partnered for a joint venture in Côte d’Ivoire in November 2016. This was the first large-scale operational partnership between a global energy company and a leading off-grid solar company. Together, Off Grid Electric and EDF aim to expand their market leadership in Côte d’Ivoire and create thousands of new jobs ranging from call-center employees to sales managers to technicians.

    Building on their success in Côte d’Ivoire, where the company already has over 10,000 customers, Off Grid Electric and EDF are expanding their partnership to Ghana. Both companies will operate and share financial risks.

    The Ghanaian company CH Group will join Off Grid Electric and EDF, and hold a 20% share in the partnership.

    “For us, the sale of 10,000 off-grid kits in Côte d’Ivoire within the space of just a few months is living proof of the appeal and efficiency offered by off-grid solutions. We are delighted to be entering the Ghana market with Off Grid Electric and are already putting together innovative new off-grid solutions to support the energy transition in Africa. Off-grid power is thus becoming a strong contributor to the expansion of our business and fits perfectly into our CAP2030 strategy, which aims to triple the EDF Group’s international business outside of Europe by year 2030,” said Marianne Laigneau, Group Senior Executive Vice-President at EDF in charge of the International Division

    About Off Grid Electric

    Off Grid Electric, through its consumer brand Zola, combines Silicon Valley technology with local expertise to offer African homes and businesses rooftop solar as a solution to an unreliable or nonexistent grid. Adaptable to both energy needs and income, Off Grid Electric’s solution can be bought over time through a leasing structure. The first few watts starts a chain reaction that enables people to achieve commonly held aspirations: security, education, access to information, and a longer and more efficient day. Today, Off Grid Electric powers more than 150,000 homes and businesses across Tanzania, Rwanda, Côte d’Ivoire, and Ghana. Off Grid Electric’s investors include: Tesla, Vulcan Capital, DBL Partners, Helios Investment Partners, EDF, Total, and GE Ventures. Off Grid Electric is the recipient of the 2016 UN Momentum for Change Award, Zayed Future Energy Prize, and the 2015 Global Cleantech 100. For more information, visit

  • December 2017
    iZettle secures €40 million
  • iZettle secures €40 million
    Stockholm - December 2017

    iZettle secures €40 million to accelerate growth

    iZettle, the leading small business commerce platform in Europe and Latin America, today announces it has raised €40 million in funding to accelerate its growth strategy and product innovation. The round is led by early backer venture capital firm Dawn and The Fourth Swedish National Pension Fund and is supported by existing investors.

    “iZettle is currently in an extensive expansion phase and is in an unique position to make a difference for millions of small businesses. Through today’s announcement we’re able to allocate additional resources in order to accelerate our ambitious growth plan and product innovation. I’m proud to welcome such renowned, long-term investors to the iZettle family.” says Jacob de Geer, co-founder and CEO of iZettle.

    The Swedish company revolutionised mobile payments in 2011 and has rapidly moved beyond payments to become a small business commerce platform, offering small businesses tools to take payments, register and track sales and to get funding.

    Today, iZettle is one of Europe’s fastest growing companies present in 12 markets in Europe and Latin America.“iZettle gives small businesses the digital tools they need to gain the competitive edge against big corporations, which is crucial in today’s technology driven market place. The company is a true disruptor and we are delighted to be co-leading the round in one of Europe’s signature fintech businesses, as it continues its expansion drive.” says Josh Bell, General Partner at Dawn.“We invest heavily in companies contributing to sustainable economic growth and are impressed by how iZettle has levelled the playing field for small businesses. We believe in iZettle’s long-term development opportunity through their data-rich technology platform, built for scalability combined with five years of unique insights about the needs of small businesses, which makes it an attractive investment case.” says Per Colleen, Head of Fundamental Equities at The Fourth Swedish National Pension Fund.

    About iZettle

    iZettle is on a mission to help small businesses succeed in a world of giants. Based in Stockholm, the financial technology company revolutionized mobile payments in 2011 with the world’s first mini chip card reader and software for mobile devices. Today, iZettle’s small business commerce platform provides tools to take payments, to register and track sales and to get funding. Join the iZettle small business community at

  • November 2017
    InstaVolt is ‘one to watch’
  • InstaVolt is ‘one to watch’
    Basingstoke, UK - November 2017

    Electric vehicle charging firm InstaVolt has been named as ‘one to watch’ by experts in the clean energy industry.

    InstaVolt, which installs, operates and maintains rapid electric vehicle chargers across the United Kingdom, features in the 2017 Global Cleantech 100 Ones to Watch list, produced by Cleantech Group.

    The coveted list highlights companies that are catching the eye of leading investors and corporates in the market. InstaVolt attracted the judges’ attention having secured £12m investment from cleantech private equity specialists Zouk Capital, together with signing a multi-million pound deal with US giant ChargePoint in the last 12 months.

    “The Global Cleantech 100 programme is our annual in-depth research exercise to identify the innovation companies leading players in the market are most excited by right now,” said Cleantech Group’s CEO, Richard Youngman. “By the nature of the list, the Ones to Watch truly represent the next cadre of exciting disruptive companies.”

    Tim Payne, CEO of InstaVolt, said: “Our strategy has been to not only build the UK’s most comprehensive rapid charge network but also to contribute to the general conversation about the transition to electrification, so we’re delighted to be considered as one to watch. We’re determined to challenge the status quo when it comes to electric vehicle charging so we wear the badge of ‘disruptive company’ with pride.”

    While the electric vehicle charging market is relatively new, InstaVolt has been quick to make its mark on the industry. In May it signed a multi-million pound deal with Silicon Valley giant and global leader ChargePoint to bring hundreds of its brand-new rapid chargers to the UK. It’s currently installing chargers in locations including petrol forecourts, car parks and leisure facilities.

    Unlike many other charging companies, its units are available for all electric vehicle drivers to use on a pay-as-you-go, subscription-free basis. Motorists simply tap their contactless credit or debit card, charge-up and go. Users are charged only for the electricity they use on a per-unit basis.

    There is no connection fee, minimum charge or monthly subscription fee. It also installs the charging units for free and even pays landowners a regular rental income for housing them. In the case of local authorities, it means that councils can install electric vehicle charging points on their land for free, at no cost to the taxpayer.

    This year, a record number of nominations for the annual Global Cleantech 100 list were received: 12,300 distinct companies from 61 countries. These companies were weighted and scored to create a short list of 312 companies, with these nominees reviewed by the 86 members of Cleantech Group’s Expert Panel. The Ones to Watch list, a sister list to the annual Global Cleantech 100 list, is created from the top 250 of the shortlist. To qualify for either list, companies must be independent, for-profit cleantech companies that are not listed on any major stock exchange.

  • November 2017
    Solarcentury joins forces with Capital Stage AG
  • Solarcentury joins forces with Capital Stage AG
    London, UK - November 2017

    Solarcentury is joining forces with major continental investor Capital Stage AG in a move that will accelerate Solarcentury’s continued expansion overseas.

    Under the terms of the jointly owned framework vehicle announced today, the initial focus will be on developing, acquiring and operating over 1GWp of major solar assets in the UK, Netherlands, France, Spain and Mexico. Our partner Capital Stage already operates over 200 solar and wind parks and has been seeking an experienced partner to expand its portfolio. Under the framework agreement both companies will jointly own the respective assets which will be realised within the next 3 years.

    Frans van den Heuvel, CEO Solarcentury, said: “Today’s announcement confirms Solarcentury’s existing status as a major international developer and independent power producer. With offices in nine countries on four continents and with a development pipeline of over 2.5GWp, Solarcentury makes the perfect partner for Capital Stage. With this framework agreement Solarcentury becomes a fully integrated platform that develops, constructs and operates solar and storage assets. It’s also a huge vote of confidence in UK solar and storage experience and expertise, something that Solarcentury has been exporting successfully into multiple markets over many years. Our exciting partnership with Capital Stage will further boost Solarcentury’s advanced international expansion plans, particularly in our core target markets throughout Europe and Latin America.”

  • September 2017
    EIB provides €30million for iZettle’s research and development
  • EIB provides €30million for iZettle’s research and development
    - September 2017

    iZettle, a Swedish financial technology company, will receive EUR 30 million in debt funding from the European Investment Bank in the coming three years. The funds are earmarked for research and development of financial and commercial tools that address the needs of smaller companies. The transaction comes under the European Growth Finance Facility, which benefits from the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

    iZettle provides services through a state-of-the-art technology which allows small companies to take payments, to register sales and to get funding. The EIB financing will support iZettle’s research and development programme in four key business areas: development of next generation’s payments infrastructure, insights and actions through machine learning and artificial intelligence; digitalisation of commerce processes and scaling legislative and compliance systems.

    EIB-Vice President Alexander Stubb said: “This loan is something that the EIB is proud of: It stands testimony to EIB’s ongoing effort to improve the access to funding for European mid-cap companies. iZettle is a young and innovative company which helps digitalise our economy and improves the business and cost structure of millions of small shops.”

    “We’re proud to receive this stamp of approval from the EIB. It’s the type of offer you can’t refuse and it will allow us to further accelerate our growth and continue to level the playing field for small businesses, giving them access to tools to take on the big corporations” said Jacob de Geer, CEO and co-founder of iZettle.

    European Commission Vice-President Katainen, responsible for Jobs, Growth, Investment and Competitiveness, commented: “With the support of the European Fund for Strategic Investments, the EIB continues to support truly innovative companies and project ideas, such as this one in Sweden with iZettle. I wish the company every success in their research and development programme. I hope other small businesses are inspired to also apply to the EIB’s partners for financing to innovate, expand their activities and create jobs.”




    About iZettle
    iZettle is on a mission to democratise commerce. Based in Stockholm, the financial technology company revolutionized mobile payments in 2011 with the world’s first mini chip card reader and software for mobile devices. Today, iZettle is a one-stop shop for commerce for small businesses around the world, using iZettle’s simple and powerful tools to take payments, to register and track sales and to get funding. Join us at

    About EIB
    The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. In 2016 alone, the Bank made available nearly EUR 1.7bn in loans for Swedish projects.

    About The Investment Plan for Europe
    The Investment Plan for Europe focuses on strengthening European investments to create jobs and growth. It does so by making smarter use of new and existing financial resources, removing obstacles to investment, providing visibility and technical assistance to investment projects. The Investment Plan is already showing results. The projects and agreements approved for financing under the EFSI so far are expected to mobilise EUR 225 billion in total investments across 28 Member States and to support 445 000 SMEs. On 14 September 2016, the Commission proposed extending the EFSI by increasing its firepower and duration as well as reinforcing its strengths.

  • May 2017
    Readly raises €13m Series B
  • Readly raises €13m Series B
    - May 2017

    Readly, the digital magazine newsstand, today announced it has raised €13m in additional funding to drive the next stage of its development. The series B funding comes from Zouk Capital and Hermes GPE as well as from existing shareholders. In addition, Channel 4’s Commercial Growth Fund and Aggregate Media Fund also participated in the round. The company will use the funds to further its international expansion and support growth in its existing markets.

    “With the smartphone and tablet at the heart of providing entertainment and education, it is unsurprising that the demand for accessing a huge variety of magazines via an app has become second nature. This new round of funding allows Readly to bring more titles to a wider audience in more countries and fulfil our aim of being at the cutting edge of the revolution in digital publishing.  We have seen dramatic growth over the past twelve months, with 100% increase in paying subscribers in 2016 and these growth rates are continuing into 2017. We are delighted to have the support of our existing investors and to welcome new partners on board,” said Per Hellberg, CEO Readly.

    Readly offers an app for tablets and smartphones that lets customers have unlimited access to thousands of national and international magazines for a fixed monthly subscription. The service offers fast download and easy, intuitive use so that the reader can read digital magazines effortlessly. Currently the service includes 2000 titles from over 400 publishers.

    Nathan Medlock, General Partner at Zouk Capital added, “Readly is already the European market leader in providing unlimited-access digital magazine content.  Globally, the consumer magazine market is worth nearly €35bn and Readly is at the forefront of the digital revolution that is transforming this space. Readly plays to our own strengths and expertise in technology growth investing as well as demonstrating a clear sustainability benefit.”

    About Readly

    Readly is a digital service that lets customers have unlimited, “all-you-can-read” access to thousands of national and international magazines in one app – both streamed and downloaded. Readly was launched in Sweden in March 2013 and now has offices also in the UK and Germany and a rapidly growing user base in more than 50 countries. The service is ultra-fast, easy-to-use and convenient – each subscriber can access magazines on up to 5 devices. In addition to all the consumer benefits, Readly offers a powerful, risk-free route to market for publishers who can also track and analyse how their content is being consumed.

  • May 2017
    InstaVolt signs with Chargepoint
  • InstaVolt signs with Chargepoint
    - May 2017

    InstaVolt signs multi-million-pound deal with ChargePoint.

    InstaVolt has signed a multi-million-pound deal with the world’s largest electric vehicle (EV) charging network.The Basingstoke firm has signed an agreement with Silicon Valley giant ChargePoint to purchase more than 200 of its electric vehicle rapid charging solutions. They will be installed later this year, marking the first time the rapid charging systems will be deployed in the UK.
    InstaVolt, which installs and maintains electric vehicle charging points at places such as forecourts and service stations, will begin installing the first of the ChargePoint ‘Express Plus’ rapid charge systems this summer. They will be strategically placed close to popular routes across the country, enabling drivers to easily charge their vehicles during long journeys.
    The Express Plus charging systems, which can add hundreds of miles of range in as quick as 15 minutes, have been designed to be future-proof. The modular charging platform is built to scale as demand grows.
    Tim Payne, CEO at InstaVolt, said: “ChargePoint will fulfil two important criteria for us: the charging units are future-proofed so the units can be configured to meet the precise requirements of any site and can be scaled incrementally as demand for higher rate charging increases. This is particularly important as EV manufacturers begin to bring out new models with increased battery capacity. We are also committed to making sure the units are working 24/7 and so the reliability of the ChargePoint product is one of the cornerstones of our offer.”
    The deal between InstaVolt and ChargePoint comes after the American company secured $82 million in investments as part of its latest funding round to help it break into Europe.
    Simon Lonsdale, Vice President, Business Development, ChargePoint, Inc added: “InstaVolt has raised millions to install a DC rapid charge network country-wide across the UK. We are two companies that are committed to e-mobility in Europe, accelerating the driving revolution by making e-mobility a part of everyday life. InstaVolt is well positioned to help expand EV charging in the UK and are a great partner in this effort.”
    InstaVolt, headquartered in Basingstoke, aims to improve air quality and reduce carbon emissions by making the UK an easier place to drive an electric vehicle. According to Government statistics, one of the biggest barriers that deters people from buying electric vehicles is the fear of not being able to recharge. InstaVolt aims to change this by introducing thousands of rapid charging points all over the country.

  • January 2017
    ip.access team up with T-Mobile Poland on customer analytics
  • ip.access team up with T-Mobile Poland on customer analytics
    - January 2017

    ip.access and T-Mobile Poland, have today announced the successful completion of a Proof of Concept focussed around delivering enhanced retail based customer analytics.

    The first stage of this activity saw T-Mobile install PRESENCETM sensors in retail stores in Warsaw. The solution enables T-Mobile to recognise subscribers as they enter the store. Since there are more than 5 million T-Mobile subscribers with opt-in consents the amount of data analysed thanks to ip.access PRESENCETM sensors is tremendous and there is no other player on the market that can provide such complex analysis on the market at this moment.

    From a retail perspective, PRESENCETM sensors gather rich analytical data which provide retailers with actionable consumer behaviour insights, as well as the ability to provide personalised marketing promotions when entering selected areas.  Importantly the technology does not require any handset modifications or applications, nor does it need Bluetooth or Wi-Fi to be switched on, making it a universal solution.

    T-Mobile has been also evaluating how to enhance mobile subscribers experience within their own points of sales located in Poland, and the ip.access PRESENCETM service provides the most insight, accuracy and ease of deployment. The PRESENCETM sensors fit within the operator’s privacy and permissions frameworks. The high quality data captured by the PRESENCETM sensor provides T-Mobile with intelligence in a uniquely valuable way.

    Michal Krauze, Business Lead Data Monetisation for T-Mobile commented, “We have been assessing a variety of solutions to enable us to serve our B2B retail customers with better insights. However only ip.access accomplished this task and helped us with harnessing data on a geographical level that was not accessible before – inside any retail store.”

    "This innovative collaboration is particularly exciting for us, as it's the first proof point within T-Mobile for this high value monetisation model." explains Malcolm Gordon, CEO at ip.access. "We look forward to co-operating further with the T-Mobile Group as they expand their PRESENCETM sensor derived offerings” adds Gordon.

    About ip.access

    Headquartered in the United Kingdom, ip.access originates the best-in-class wireless solutions that maximise the value of radio and data assets via disruptive business models.  The company has products and solutions live in over 100 customers’ networks around the world.

    ip.access has an end-to-end deployment philosophy that integrates its PRESENCETM sensors and small cell access points of all technologies with data management platforms, access gateways and comprehensive network management and performance tools. With a strong track record of working with trusted partners on integrated solutions, both product and services led, ip.access unlocks spectrum value for all its customers.

    A service that empowers you to monetise location data across the broadest set of use cases such as Retail Footfall, Outdoor Digital Media, Events, Card Payment Verification, Transport, Smart Buildings and Geo-fencing delivered against a robust Privacy, Permissions & Policy framework.

    Irrespective of your data set requirements [licensed spectrum, unlicensed or BLE], we have a proven solution which delivers rapid ROI and the ability to open up new markets and revenue streams.

    As part of the ip.access portfolio of products, PRESENCETM has delivered excellence in the field of micro proximity having been selected as sole vendor for a number of Global Telco, Financial Services, Retail and IoT customers.

  • January 2017
    iZettle raises €60 million and appoints new CFO
  • iZettle raises €60 million and appoints new CFO
    - January 2017

    Funds to fuel expansion of product offering and prepare the company for next stages of growth

    Senior executive Maria Hedengren brings more than 20 years of experience from global finance and business management

    iZettle, one of the fastest growing technology companies in Europe and EMEA, today announces it has raised €60 million in funding and appointed a new Chief Financial Officer (CFO), Maria Hedengren.

    The latest round of funding is made up of equity from existing investors in a Series D extension as well as debt funding from US based, Victory Park Capital via its credit fund, VPC Speciality Lending PLC. The funds will be used to further grow iZettle’s offering to ensure it continuously innovates and keeps supporting the needs of small businesses in Europe and Latin America.

    “We have been following the impressive growth of iZettle since its inception. iZettle is an innovator and a clear market leader in Europe and we want to be part of its next chapter of growth. 2017 promises to be a vibrant and buoyant time for both iZettle and its market,” said Gordon Watson, Partner at Victory Park Capital.

    In addition to the funding, iZettle has appointed Maria Hedengren as CFO to lead preparations for the processes and financial plans required to take iZettle into its next phase.

    Formerly serving as CFO of the publicly listed NetEnt AB (publ), a platform and games provider to some of the world’s largest casino and sportsbetting operators, Hedengren has more than 20 years experience leading both private and public companies and a proven track record of scaling companies internationally.

    “Maria’s passion is gearing companies for growth and is exactly the type of person we need to get ready for the plans we have for 2017 and beyond,” says Jacob de Geer, founder and CEO of iZettle. “We are obviously impressed with the work that Maria has done for other fast moving tech companies, many of which live in heavily regulated environments like ours, and are more than excited by what she brings to the table”.

    The past year has seen iZettle move into new areas, adding loyalty features and further bolstering its offering via the acquisition of intelligentpos, the UK’s leading cloud based point of sale provider, creating a ‘one-stop-shop’ for commerce in store and on the go for growing businesses.

    For more information, please visit

  • November 2016
    Sigfox announces record funding round
  • Sigfox announces record funding round
    - November 2016

    Sigfox, the world’s leading provider of connectivity for the Internet of Things (IoT), today announced it is closing its Series E funding round of €150 million to accelerate the expansion of its global network and soon reach worldwide coverage.

    Salesforce, Total, Henri Seydoux, Alto Invest, Swen CP and Tamer Group will join Sigfox as new investors. Existing shareholders including Bpifrance, Elliott, Intel Capital, Air Liquide, Idinvest Partners and IXO, will also re-invest in the company. Additional new investors are also expected to join this financing round shortly to reach the €150 million level.

    The IoT opens up new and exciting opportunities by connecting the physical world to the Internet. With its global network, Sigfox gives a voice to billions of objects, thus allowing them to play a pivotal role in our social and economic development.

    In just five years, Sigfox has built a unique global wireless network that provides a simple, efficient connectivity offer, enabling devices to connect to the cloud at ultra low-cost and using minimal energy. No other network than Sigfox’s has a worldwide footprint and can claim to connect fully autonomous energy harvesting objects. Thanks to Sigfox, every object will connect to the cloud at minimal cost, by relying only on the surrounding energy sources. This promise, along with the significant developments made by the company over the past 18 months, have contributed to the successful closing of this round of funding.

    With more than 10 million objects registered on its network and coverage currently spanning 26 countries, Sigfox is reinforcing its position as a global leader in the IoT. This new round of funding will enable the company to expand its international network to 60 countries by 2018 and reach financial breakeven point.

    The company sees Industry 4.0 as one of the main growth paths driving the development of the IoT. The need for predictive maintenance as well as the continued evolution of its business model towards more services are some of the reasons behind Total’s decision to join Engie and Air Liquide as active shareholders supporting Sigfox’s international development.

    “We are pleased to support the development of SigFox because the technology offered by the company can be critical to accelerate the deployment of the Internet of Things. This is their lead acquired on the market in a short time and their ability to accelerate the deployment scale IoT solutions that motivated our investment, “commented Patrick Pouyanné, Managing Director of Total. “This type of solution will improve the performance and operational safety of industrial operations, reduce operating costs, but also be used to better serve our customers.”

    Another key opportunity is the optimisation of industrial processes leveraging big data. For this reason, Sigfox plans to integrate with Salesforce’s IoT Cloud, thereby enabling richer customer journeys across global consumer and business use cases. By connecting unconnected objects, Sigfox can facilitate deeper experiences via its global, homogenous and scalable network.

    Intel Capital, Idinvest Partners and IXO PE, which are historical shareholders of SIGFOX, actively participated in this round.

    “We strongly believe that Sigfox has unlocked the IoT connectivity bottleneck and will bring billions of objects online in the near future. Its cost effective, easy to use, open platform solution is set to become the standard for low power object connectivity, bringing massive productivity gains to the corporate world and everyday benefits to end customers”, said Franck Tuil, Elliott’s Senior Portfolio Manager.

    “I created Parrot 22 years ago, and I know how much it takes to carry out ambitious projects on a large scale. I am impressed by the huge progress made by Sigfox over the last 3 years I have spent as a member of Sigfox’s board of directors. I am now convinced of the colossal growth potential of the market Sigfox successfully addresses. Alongside the financial investment I am making today in the company, I am willing to provide Sigfox’s management with my support as an entrepreneur”, said Henri Seydoux, CEO of Parrot.

    “The Internet of Things is one of the next big transformational technologies, and we are proud to support Sigfox as the infrastructure leader. We are pleased to see a strong startup ecosystem being built around this world-class technology.”, said Paul François Fournier, Executive Director of Bpifrance.

    Commenting on the announcement, Xavier Drilhon, deputy CEO of Sigfox said, “I joined Sigfox 18 months ago because of the incredibly powerful vison of its founders and the unique positioning of the company as a fundamental enabler of the IoT revolution. Our rapid international expansion made possible thanks to the support of our local operators, as well as the growth of our ecosystem, were key to securing this new fundraising. This will allow the company to accelerate the deployment of its network from 26 countries today to over 60 within the next two years, representing 90 per cent of the worldwide GDP.”

    “When Ludovic Le Moan and I met in 2010, we agreed that Sigfox could change the world by bringing the virtual and physical worlds together through a new paradigm based on the fundamental principles of astrophysics. Today, we have created the equivalent of the world's largest radio telescope for IoT. Our network is able to connect hundreds of billions of objects to the Internet through advanced radio techniques.”

    The round comprises a “greenshoe” that will allow new strategic and financial partners to join the share capital of Sigfox shortly.

    Lazard and Goldman Sachs acted as financial advisors to Sigfox, with Skadden acting as legal advisor.

    About SIGFOX
    Sigfox is the world’s leading provider of connectivity for the Internet of Things (IoT). The company has built a global network to connect billions of devices to the Internet while consuming as little energy as possible, as simply as possible.
    Sigfox’s unique approach to device-to-cloud communications addresses the three greatest barriers to global IoT adoption: cost, energy consumption, and global scalability. Today, the network is present in 26 countries and on track to cover 60 by 2018 – covering a population of 397 million people. With millions of objects connected and a rapidly growing partner ecosystem, Sigfox empowers companies to create new innovations on the IoT. Founded in 2010 by Ludovic Le Moan and Christophe Fourtet, the company is headquartered in Labège near Toulouse, France’s “IoT Valley”. Sigfox also has offices in Paris, Madrid, Munich, Boston, San Francisco, Dubai and Singapore.

  • November 2016
    Off Grid Electric and EDF team up
  • Off Grid Electric and EDF team up
    - November 2016

    Off Grid Electric and EDF team up to offer new off-grid solar power solution for rural West Africa

    · First large-scale operational partnership between a global energy company and a leading off-grid solar company.

    · Off Grid Electric's experience in Tanzania and EDF's experience in South Africa shows that households using these services have reduced emissions from kerosene and black carbon by 1.45 kg per year.

    · Off Grid Electric, a leading distributed solar company in Africa, and EDF, a global leader in low-carbon energies, today announced a partnership to supply competitive off-grid solar energy in Africa. This partnership will take the initial form of a joint venture - ZECI - in Ivory Coast, announced on the occasion of the 22nd Conference of the Parties (COP) held by the United Nations in Marrakech, Morocco. This first joint venture aims to supply power to nearly 2 million people in Ivory Coast by year 2020, with plans to rapidly extend the partnership's initiatives to other countries in the region.

    Within the scope of this joint venture, ZECI, EDF and Off Grid Electric will install and maintain solar kits for rural and peri-urban households1. These individual kits include solar panels, which are easy to install, along with batteries for storing energy. Payment can be made through the simple use of a mobile phone. Customers will therefore have access to lighting and will be able to power a suite of energy-efficient household appliances including television sets, radios, fans and mobile phone chargers.
    Rolling out this initiative in West Africa will create thousands of new sustainable jobs (over 1000 jobs in Ivory Coast alone), from sales managers to call-centre employees, who will benefit from Off Grid Electric and EDF in-house training. Giving customers the option to use a renewable energy source like solar energy also benefits the environment by replacing candles, paraffin, and kerosene.
    "We're thrilled to partner with EDF, an industry leader whose presence in Africa, combined with its experience, will enable us to grow Off Grid Electric's footprint across the continent," said Bill Lenihan, President and CFO, Off Grid Electric. "Access to reliable energy is a challenge throughout Africa and our partnership with EDF will help us to meet this challenge. Through energy independence, we hope to see households and communities seize new opportunities."
    "Off Grid Electric is the perfect partner for EDF, with its excellent knowledge of the African continent and a proven track record of providing innovative and competitive solar solutions," said Simone Rossi, EDF Group Senior Executive Vice President, International Division.
    He also stressed that "EDF is delighted to partner with Off Grid Electric, thus enabling the latter to benefit from the Group's extensive expertise in the area of customer relations. This will be an opportunity for us to share the experience we have gathered from supplying energy to more than 30 million customers worldwide, to the advantage of new customers in West Africa."

    Off Grid Electric will be receiving the UNFCCC's Momentum for Change 2016 Award at COP22. The Momentum for Change initiative is spearheaded by the UN Climate Change secretariat to shine a light on some of the most innovative, scalable and replicable examples of what people are doing to address climate change.

    1 According to the World Bank, 62% of Africans in the sub-Saharan region live in rural areas with hardly any access to electrical grids.


    About Off Grid Electric
    Off Grid Electric (OGE) provides clean, affordable and transformative energy directly to more than 100,000 households and businesses in Tanzania and Rwanda that have never had access to reliable electricity. Through its solar leasing model, OGE removes financial risk to customers and offers the latest in technology for less than or equal to a household's average energy spend. OGE is the leading scalable distributed energy company and operates under the consumer brand, Zola, in Tanzania and Rwanda. OGE's investors include: SolarCity, Vulcan Capital, DBL Partners, The Packard Foundation, Helios Investment Partners, and resonsAbility. For more information, visit

    About EDF
    A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low-carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.6 million customers, including 27.8 million in France. The Group generated consolidated sales of €75 billion in 2015 with 47.2% of this figure being generated outside of France. EDF is listed on the Paris Stock Exchange.
    EDF has 15 years of experience in the off-grid sector and in the running of electricity companies in five different African countries – from Morocco to South Africa – with a 100,000- customer portfolio.

  • September 2016
    va–Q-tec lists on Frankfurt Stock Exchange
  • va–Q-tec lists on Frankfurt Stock Exchange
    - September 2016

    Zouk Capital is delighted to announce that va-Q-tec, the global leader in high-end vacuum insulation, has today listed on the Frankfurt Stock Exchange. va-Q-tec develops, manufactures and sells highly efficient products and solutions for thermal insulation, including innovative, energy and space saving panels and storage components. The company has a fleet of transport containers and boxes deployed within a global logistics network fulfilling highly demanding thermal protection standards in supply chains where temperature is a critical factor. va-Q-tec’s technology platform is secured by more than 80 patents and patent applications and has also received numerous awards for its innovative and energy-efficient technologies, including the ‘Technology Pioneer’ award at the 2013 World Economic Forum.

    The management team at va-Q-tec has delivered exceptional growth and seen strong demand for its products and solutions. Having expanded geographically and across multiple sectors, including through vertical integration, va-Q-tec has built the next generation of passive cold chain transport solutions, with an insulation performance of up to 200 hours of minimal temperature change, without using any external energy sources. This solution has been delivered as a global full-service rental offer to customers from the pharmaceutical and biotech industry, where temperature sensitive medications have to be shipped internationally under stringent and regulated storage conditions.

    Having invested in 2011 from its second growth equity fund, Zouk was the largest institutional shareholder prior to the IPO, and held a 33 percent stake in the company. The funds raised from the IPO will be used to provide capital for investments, which will fuel future growth. Yesterday, after a successful roadshow, va-Q-tec priced its offering at EUR 12.30 a share. Zouk has partially exited and will continue to work closely with the management team in order to support the business.

    Samer Salty, CEO of Zouk, commented, “We believe strongly in the long term growth of the business under the leadership of Joachim Kuhn and Christopher Hoffmann and we are looking forward to our continued collaboration.”

  • September 2016
    Taulia Breaks Growth Records
  • Taulia Breaks Growth Records
    - September 2016

    Taulia surpasses 1 Million Mark for Buyer-Supplier Relationships. Company transacts $30 billion across the platform and maintains 100 percent customer retention rate

    Taulia, the financial supply chain company, today announced a record breaking first half of the fiscal year, more than doubling its bookings for the second quarter compared with the same time period last year. There are now more than 1,000,000 buyer and supplier relationships in Taulia's network, and they transacted close to $30 billion across the platform between February 1 and July 31 of this year.

    In Q1 and Q2 of Taulia's current fiscal year, the company has signed a number of the world's biggest brands, including Airgas, Bacardi-Martini and Kimberly Clark. Taulia maintains a 100 percent customer retention rate since launching its platform in 2009. Through its new customers, the company has onboarded more than 68,000 new suppliers so far, rapidly scaling its network and validating Taulia's focus on supplier success. More than $1.4 billion has been offered to suppliers as early payment this year. Not only does the Taulia platform help buyers optimize working capital, it provides suppliers with unprecedented control over cash flow.

    "The impact of these new customers and their suppliers on our network cannot be overstated," said Taulia CEO Cedric Bru. "One million buyer-supplier relationships on our platform allow us to provide both parties with tremendous flexibility, insight, and leverage to help them optimize working capital. The buyers in our network recognize that the success of their suppliers is directly linked to their own success. By unlocking better business relationships, we're able to free up billions of dollars to grow the economy worldwide."

    This year, Taulia has also partnered with innovative companies and consultancies like Exostar and Ciber that work with companies across a number of industries to help them modernize their technology to advance their business. These partnerships will provide Taulia with access to new markets, where the company is tailoring its offerings to meet the needs of new customers of all sizes and industries.

    "In partnering with Taulia, the leader in Supply Chain Finance, Exostar will now be able to offer our customers a solution that not only helps them to better manage their working capital but also enables all of their suppliers to efficiently obtain financing at a lower borrowing cost, and to optimize their cash flow, hence strengthening our customers' entire value chain," said Doug Russell, vice president, supply chain solutions at Exostar.

    Also contributing to Taulia's accelerated momentum is collaboration with established partners, such as KPMG.

    "Companies need an effective working capital strategy to remain agile during times of uncertainty," said Samir Khushalani, practice leader for KPMG's Supply Chain and Procurement in the Americas. "Taulia's sophisticated yet flexible technology platform for supplier financing and dynamic discounting — paired with KPMG's long-standing expertise in working capital optimization and implementing innovative supply chain finance programs — creates measurable value for our shared clients."

    This momentum underscores the strong market position for Taulia, which is trusted by brands like Coca-Cola, PayPal, Hallmark, Pitney Bowes, and Salesforce. Through its financial supply chain technology, Taulia is helping these companies optimize working capital and drive growth, especially in times of market volatility.

  • September 2016
    World’s second largest battery storage starts up
  • World’s second largest battery storage starts up
    - September 2016

    The world’s largest 2nd-use battery storage is starting up. The 13 MWh project is now nearing completion after a construction time of just under one year: a total of 1000 battery systems from second-generation smart fortwo electric drive cars are being grouped into a battery storage in Lünen, Westphalia. The first power units are already in the grid. The 13 MWh battery storage will put its full capacity at the disposal of the German energy market before the end of this year. The output will be available to the winner of the weekly auctions among the network operators for primary controlling power range, with fully automatic energy storage and feed-in. As energy is increasingly fed in from fluctuating, renewable energy sources such as wind farms or solar power stations, high-capacity battery storages are the key to stabilising power networks. According to figures from the German Ministry for the Economy and Energy (BMWi), 40 to 45 percent of power consumed in Germany is to be generated from renewable resources by 2025, increasing to 55 to 60 percent by 2035.

    Efficient management of energy and material resources also applies to all components used in electromobility. The joint venture between partners Daimler AG, The Mobility House AG and GETEC has a future-oriented answer to the key question of reusing electric vehicle battery systems with this 2nd-use battery storage. Because the lifecycle of a plug-in or electric vehicle battery does not end after the vehicle’s operating life. If used in stationary power storage, the systems are fully operational even after the service life guaranteed by the manufacturer – with slight capacity losses only of secondary importance. Cost-effective use in stationary operation is possible for at least an estimated ten years longer. Reusing the modules from electric cars in a battery storage doubles their economic value and also demonstrably improves their eco-balance.

    With the project in Lünen, the four partner companies cover the entire battery added value and 2nd-use chain: From the manufacture and configuration of the battery systems by Daimler subsidiary ACCUMOTIVE and the corresponding range of electric and plug-in hybrid vehicles from Daimler AG to the installation and marketing of the stationary battery storage to the energy markets by The Mobility House and GETEC, and finally the recycling of these battery systems at the end of their lifecycle and the return of the valuable raw materials to the production cycle, which will be the remit of REMONDIS.

    The project partners:

    Daimler AG is one of the world’s most successful automobile companies. The Mercedes-Benz brand stands for high-quality vehicles that thrill and fascinate. The company is also the world’s largest manufacturer of commercial vehicles, and is active in various business sectors. With its subsidiary companies ACCUMOTIVE and Mercedes-Benz Energy, it is active in the automotive and stationary battery sectors – both for industrial mass energy storage and in the private customer business.

    The Mobility House AG (TMH) is revolutionising the energy markets with vehicle batteries: TMH uses innovative technologies to allow the integration of electric vehicles into the power grid. TMH is installing and operating the battery storage in Lünen together with GETEC – and sells the energy to the energy markets. TMH was founded in 2009, and cooperates with all leading automobile manufacturers in over 10 countries from its locations in Munich, Zurich and San Francisco.

    GETEC is an energy services provider whose companies offer the entire range of energy services in the liberalised energy market, and are active throughout Europe. GETEC ENERGIE AG develops individual, need-related solutions on all aspects of power and gas supply and the marketing of energy.

    REMONDIS SE is one of the world’s largest service providers for recycling and water. One of the REMONDIS projects is to recycle lithium-ion batteries on an industrial scale in the future. The group of companies is active for the sustainable supply of raw materials and water in Europe, Africa, Asia and Australia.

  • September 2016
    iZettle acquires Intelligent POS
  • iZettle acquires Intelligent POS
    - September 2016

    iZettle, one of the fastest growing technology companies in Europe and EMEA , today announces it has acquired intelligentpos, the UK’s leading cloud based point of sale solution for shops, bars and restaurants. 

    The acquisition sees two disruptive companies joining forces resulting in a ‘one-stop-shop’ for commerce in store and on the go. Together iZettle and intelligentpos provide an integrated payment and point of sale solution that allows small businesses to take card payments and use hundreds of different features on the point of sale app to help them manage and grow their businesses.

    Aimed at iZettle’s fastest growing users, intelligentpos offers advanced point of sales features including; table management, which gives restaurants a bird’s eye view of their tables and helps them provide a higher level of service; stock management, which helps merchants make sure they never run out of their customers’ favourite products; and advance reporting that helps users make informed decisions about their business.

    Tom Allerton, Finance Director at The Mae Deli (Deliciously Ella’s cafe) says: “We use iZettle and intelligentpos at our deli in central London. We needed an integrated system that was able to scale with our business. Using intelligentpos and iZettle we are able to easily monitor tables, stock, staff and take payments within one app, it’s these added tools that help us sell smarter.”

    Jacob de Geer, CEO and co-founder at iZettle says: “Five years ago, iZettle set out to empower small business owners with tools to help them accept card payments in an easy way - tools which were typically reserved for larger businesses. 

    “One year ago, iZettle broke new ground by offering small businesses hassle-free access to financing with iZettle Advance. Today, via the acquisition of the talented team and great product at intelligentpos, iZettle takes yet another step towards its mission of providing small businesses with a wide range of services and features that are critical to helping  them grow and build their empires.”

    Robin Knox, CEO and Paul Walton, CTO, co-founded intelligentpos in 2013. Robin comments: “We’ve been partners with iZettle for three years now. As businesses increasingly are looking for a unified point of sale and payments experience this is a natural next step for us and for the market. Moreover, iZettle have the same ethos and values as us and we’re thrilled to be joining the team and develop future products that help small businesses thrive.”

  • August 2016
    Taulia named as one of the best enterprise software startups to work for in 2016
  • Taulia named as one of the best enterprise software startups to work for in 2016
    - August 2016
    Based on data from Crunchbase and Glassdoor, Forbes has named Taulia as one of the enterprise software startups most recommended to their friends interested in joining the sector. Cedric Bru, CEO of Taulia was also named as one of the highest rated CEOs.

    To read the full article click here

  • February 2016
    ip.access also launches new Viper™ small cell platform, and announces partnership with CCS to simplify small cell deployment
  • ip.access also launches new Viper™ small cell platform, and announces partnership with CCS to simplify small cell deployment
    - February 2016

    ip.access, the world’s leading independent small cell product and solution provider, announced today it is extending its collaboration with Intel to encompass a new generation of small cell products.   In additional news it announces the launch of a new end-to-end small cell platform, Viper, and a partnership with CCS to simplify small cell deployment.

    The Intel® Transcede™ T3K and T2K system-on-a-chip (SoC) product family for enterprise, residential and rural market access points is a key component in ip.access’ Viper™ end-to-end small cell platform.  Viper extends ip.access’ market reach beyond its traditional mobile operator customer base to exploit valuable new small cell opportunities with enterprise users worldwide.

    “We see the continued growth of demand for mobile communications around the globe and know that next generation small cells are the only way to meet it.  Selecting a technology partner with the flexibility and power to support our goals is vital. Intel was the natural choice for us as its solutions extend our LTE and multi-standard roadmaps in a way that no-one else can match,” says Malcolm Gordon, CEO of ip.access.

    “We’ve partnered with ip.access over many years, most notably on the high volume AT&T Microcell. They have a unique vision of the way the HetNet wireless access market will develop. By deepening our collaboration today, we can help ip.access leverage Intel’s SoC platforms to meet the world’s need for wireless communication for licensed, unlicensed and Fifth Generation mobile networks,” said Naser Adas, general manager of the Heterogeneous Network Solutions Group at Intel.

    ip.access’ W-CDMA residential small cell deployment remains the largest of its type in the world. No other small infrastructure vendor maintains the same breadth and depth of market penetration through GSM, W-CDMA and LTE around the globe. The inclusion of the Intel Transcede small cell SoC technology enhances ip.access’ product offerings, extending the reach of LTE beyond its heartland of licensed radio macro network deployments. By including self-organisation features, including FCC 47 part 96 compliance, ip.access products based on Intel technology will accelerate the transition towards LTE in mass market wireless access, including LTE-LAA, Citizens Broadband and Licensed Shared Access.

    The Viper small cell platform encompasses lowest-cost products for home, small business and rural deployment as well as high performance products for enterprise and campus. All products carry ip.access proven Self-Organisation features, with SUMO™ enhanced multi-operator capability for vertical markets.  Viper also integrates ip.access’ core-network gateways and EMS solutions into a complete end-to-end platform, suitable for traditional planned deployment, end-user unplanned deployments, and deployment ‘as-a-service’ by ip.access and its service partners.

    In further news published recently ip.access also announced that it has partnered with CCS (Cambridge Communication Systems) to develop a new outdoor LTE small cell with integrated wireless backhaul, which will be unveiled at Mobile World Congress on stands 7C60 and 7B67.


    With mobile data traffic continuing to soar, mobile operators are struggling to keep up with coverage and capacity demands, and small cells are accepted as the only viable solution to keep customers connected.  However, site acquisition and planning approvals are two of the biggest barriers facing deployments of outdoor urban small cells today. 

    Although separate 4G small cell and wireless backhaul products can be installed in the same location, a “two-box” solution often exceeds the size, weight and single-attachment restrictions required to gain planning approval.

    To overcome this issue, ip.access and CCS have developed an integrated outdoor unit incorporating a 4G nanoLTE™ small cell from ip.access, and Metnet self-organizing microwave backhaul from CCS. The new unit requires only a power supply to boost outdoor coverage and capacity in metro areas.  It is designed to be more acceptable to local planning departments, and is smaller, cheaper, and easier to deploy than a two-box solution. 

    About Viper™

    Viper™ is a Virtualised, In-Premises Enterprise Radio Access Network (RAN) platform which integrates ip.access’ award-winning 3G and 4G Access Points, virtualised Access Control Gateways, and Small Cells as a Service (ScaaS) offerings into an end-to-end solution to address enterprise customer needs. Security, automated provisioning and network configuration are an integral part of the Viper platform, with access points requiring only Ethernet and mains power connections. This platform allows in-building cellular infrastructure to be deployed as easily as Wi-Fi. The Viper platform is available now from ip.access and through selected service partners worldwide.

  • January 2016
    Off Grid Electric announced as winner of the SME category
  • Off Grid Electric announced as winner of the SME category
    - January 2016

    At the Zayed Future Energy Prize awards ceremony held in Abu Dhabi on January 19, Off Grid Electric (OGE) was announced as the winner of the Small and Medium Enterprise category. The Zayed Future Energy Prize is the UAE’s international award that recognises and empowers pioneers in renewable energy and sustainability. The prize is part of the UAEs vision and commitment to finding solutions that will meet the challenges of climate change, energy security and the environment.

    CEO and joint founder Xavier Helgesen of Off Grid Electric commented, “The major factor that keeps solar from being adopted more widely is that people are expected to pay for a lifetime of energy in one go. However if people in Tanzania and Rwanda can pay for their solar energy via their savings or income over a period of time, it becomes a very easy decision to go for solar.” Off Grid Electric’s massively scalable pay-as-you-go model is attracting 10,000 new households a month.

    OGE will devote the $1.5 million prize fund towards growing its salesforce in Tanzania. Currently OGE employs around 1,000 people in Tanzania and it is aiming to recruit more graduates from local universities to work in sales and after sales roles, which are key to the success of the OGE model.”

    Samer Salty, CEO of Zouk Capital, “We were delighted to hear of Off Grid Electric’s success in this prestigious and highly competitive award, where innovation is an important criterion. The company is at the forefront of using technology to rapidly scale this distributed energy business, and has the potential to light Africa. This is the second Zouk portfolio company to be honoured by the Zayed Future Energy Prize - Orb Energy, India’s leading provider of solar energy and hot water systems, was runner-up in the SME category in 2012.”

    In other categories, former Prime Minister of Norway, Dr. Gro Harlem Brundtland received a Lifetime Achievement Award. The Large Corporation category prize was awarded to Chinese electric vehicles manufacturer BYD. Indonesian non-profit organisation Kopernik was announced as the winner in the Non-Profit Organisation category. Five schools spanning five regions of the globe were the winners in the Global High Schools category.

    About the Zayed Future Energy Prize

    The Zayed Future Energy Prize was established by the UAE leadership in 2008 in honour of the environmental, social, and economic sustainability advocated by the nation’s founding father, Sheikh Zayed bin Sultan Al Nahyan (God bless his soul). More than 200 million people are experiencing the sustainable actions of the prize’s 48 winners to date. The 9th Zayed Future Energy Prize is open for entries. Enter online at

    About Off Grid Electric
    Off Grid Electric was founded by Erica Mackey, Joshua Pierce and Xavier Helgesen in late 2011 with a vision to light Africa in a decade. The company is based in Arusha, Tanzania. For more information, go to

  • January 2016
    Taulia raises $46m and names new CFO
  • Taulia raises $46m and names new CFO
    - January 2016

    Zouk Capital today announces it has led a $46 million in Series E financing in Taulia, Inc., the financial supply chain company. New strategic investors and institutional investors joined the round, which included all existing institutional investors. In additional news, Taulia named seasoned Silicon Valley financial executive John Varughese as CFO.        

    The funding follows another record year for Taulia, which continues to grow its top-line by more than 100 percent. The latest round brings Taulia’s total funding to over $130 million.

    “The global demand for Taulia’s platform is increasing exponentially. After watching Taulia translate its previous funding into significant new business and revenue, the decision to lead this round was a natural one for Zouk,” said Samer Salty, CEO of Zouk Capital. “In addition, Taulia’s use of technology to streamline and strengthen the financial supply chain is a clear match with our investment philosophy of backing high growth companies that use technology to create efficiency.”

    “This additional investment allows Taulia to further accelerate its rapid expansion,” said Cedric Bru, CEO of Taulia. “With the extensive global experience of our investors, we are in the best position to fuel the next stage of Taulia’s explosive growth.”                  

    Taulia transforms the financial supply chain through modern technology to connect the largest companies in the world to their suppliers to do business more efficiently and effectively. Through a combination of sophisticated eInvoicing, supplier management and supplier financing, Taulia provides a win-win for both buyers, and all of their suppliers, strengthening relationships and adding significant savings to the bottom line. The Taulia platform has processed over $150 billion in transactions for 700,000 suppliers in more than 100 countries.         

    Taulia Announces New CFO     

    In additional news, Taulia announced that technology finance veteran John Varughese has joined the company as CFO. In this role, Varughese will oversee all finance, legal and HR operations and will report directly to CEO Cedric Bru.      

    “John’s proven strategic leadership and significant entrepreneurial expertise are the right combination to help us capture the tremendous market opportunities facing Taulia. He has helped some of the biggest names in Silicon Valley succeed, and we can’t wait to put his skills to work as an integral part of our leadership team,” said Bru.         

    Varughese joins Taulia from Perella Weinberg Partners, where he served as a partner in the advisory business. He built and ran the technology advisory practice and was responsible for relationships with top-tier clients including Google, PwC, Oracle and Marsh & McLennan. Prior to Perella, Varughese was a managing director at Lehman Brothers, where he led investment banking teams for many of the firm’s largest technology clients. He received his MBA from Columbia University and his BS from The Wharton School of the University of Pennsylvania.     

    “The further I looked into Taulia’s platform, value proposition and growth potential, the more excited I became about this opportunity. Taulia truly is changing how businesses interact and manage their working capital, and I’m thrilled to join the company at such an exciting time in its growth,” said Varughese.

    About Taulia

    Taulia drives innovation in the Financial Supply Chain. By turning every invoice into a revenue opportunity, Taulia enables organizations to strengthen supplier relationships while adding millions to the bottom line. Some of the smartest brands in the world rely on Taulia, including Coca-Cola Bottling, Pfizer, Hallmark, John Deere, and many other Fortune 500 companies from various industries. Taulia is headquartered in San Francisco, California, with locations across the United States and offices in London, England; Dusseldorf, Germany; and Sofia, Bulgaria. For more information, visit

  • August 2015
    iZettle raises €60m to offer new service, iZettle Advance, and to support continued growth
  • iZettle raises €60m to offer new service, iZettle Advance, and to support continued growth
    - August 2015

    iZettle today announced it has closed a €60 million Series D funding round led by Zouk Capital and Intel Capital, with participation from all of iZettle’s existing venture investors. In addition, the company announces that it is launching a new service for small businesses across Europe. iZettle Advance offers access to extra capital by providing an advance on future card sales. This new funding round will help finance this new service as well as supporting the continued growth of iZettle’s existing business.

    For iZettle, the introduction of iZettle Advance marks a first foray into a business beyond card payments, and is a milestone in the company’s ambition to broaden its product and service offering. It is also in line with developments in alternative sources for financing now available for young businesses such as peer-to-peer lending to crowdsourcing.  From today, iZettle Advance will gradually be made available throughout iZettle’s European markets.  iZettle users eligible for iZettle Advance will be preapproved for financing, which avoids the need for any daunting paperwork. Users will see funds deposited the next day, and payback occurs automatically as a fraction of card sales. When sales vary, payback varies with it.

    “Small companies have persistently been underserved by the traditional finance industry. We want small companies to thrive, and with iZettle Advance we’re applying the exact same logic as when we started iZettle five years ago when we completely overhauled the nature of card payments acceptance by small businesses,” says Jacob de Geer, iZettle’s CEO and co-founder.

    “We continued to be excited about the huge potential of iZettle and the significant savings it makes for its customers.  This new service represents the next step in iZettle’s goal to support the financing needs of small and micro businesses and we look forward to working with the team in the next stages of its development,” said Nathan Medlock, Partner at Zouk Capital.

    About iZettle:

    iZettle is the number one provider of mobile payment services and apps in Europe and Latin America. From card readers for smartphones and tablets to cash registers, sales tools and cash advances, all of iZettle’s solutions are simple to setup, super secure and designed to help small businesses grow. Founded in 2010 with headquarters in Stockholm, iZettle is now available in 11 countries globally. iZettle’s investors include 83North (formerly Greylock), American Express, Creandum, Dawn Capital, Index Ventures, Intel Capital, MasterCard, Northzone, Santander Fintech, SEB Private Equity and Zouk Capital.

     About iZettle Advance:

    ·       Get an advance on future card sales. Get money today and pay back through a fraction of your daily card sales. No security required.

    ·       Adjust the offering to your own needs. Tailor the amount and payback pace to what suits your business, within limits customised to your track record.

    ·       Quick approval and money deposited the next day. No forms or applications. You have been preapproved for what you’re being offered.

    ·       Adapted to your business’ pace. No payback deadline. When your sales vary, your payback varies with it.

    ·       Fixed and transparent pricing. The advance comes with a fixed fee, and there are no additional fees if the payback takes longer than expected.

    ·       Focus on sales, don’t worry about payback. Repayments are completely automated so that you can fully focus on managing and growing your business.

    iZettle Advance has already been a game changer for Jaime Morales , who runs and owns Chilimundo, a grocery store in Stockholm. “As a small business, your cashflow is often uneven and, until now, there have been no good financing alternatives to smoothen things out. iZettle Advance has allowed me to quickly ramp up the size of my product range, as well as to advertise on social media and radio,” says Jaime Morales . “This has had a positive impact on my sales, no doubt about it.”

  • July 2014
    Investment in ip.access to fund the growth and accelerate development of ip.access’ next generation 2G/3G/4G multi-mode small cell products
  • Investment in ip.access to fund the growth and accelerate development of ip.access’ next generation 2G/3G/4G multi-mode small cell products
    - July 2014

    Zouk Capital today announces it has made an investment into ip.access, a leading provider of small cell solutions to blue chip customers worldwide. The investment will be used to fund the growth of the business and to accelerate development of ip.access’ next generation 2G/3G/4G multi-mode small cell products.

    Malcolm Gordon, an experienced telecom industry executive, joins as CEO. Malcolm was most recently COO of IPWireless and CEO of General Dynamics Broadband.

    Samer Salty and Andrew Whiting of Zouk Capital will join the board and support the management team in taking the company to the next level.

    Samer Salty comments: “We are excited about the future for ip.access and believe that as a technology leader, the company is ideally placed to take advantage of the exponential growth in mobile data usage globally. We are delighted to welcome Malcolm on board as CEO.”

    Malcolm Gordon, CEO of ip.access, said: “The market is at the inflection point driven by the significant increase in mobile data traffic. Small cells will play an increasingly important role in the mobile network infrastructure going forward and we believe that ip.access is poised to have significant influence in these developments. I am excited to be heading up ip.access and delivering market leading solutions to our customers.”

    About ip.access

    Headquartered in the United Kingdom, ip.access has been creating and deploying small cell solutions for more than ten years. The company has products and solutions live in over 100 customers’ networks around the world, with the capability to accelerate the introduction of additional small cell solutions into those networks irrespective of use case, technology or deployment model.

    The company's success is built upon its ability to provide its Service Provider customers with a range of small cell coverage, capacity and presence solutions across all technologies (2G, 3G, and 4G), with a focus on a rapid return on investment and the ability to open up new markets and revenue streams.

    The company has an end-to-end deployment philosophy that integrates the small cell access points with converged access gateways and comprehensive network management and performance tools; as well as a strong track record of working with trusted partners on integrated solutions.

    About Malcolm Gordon

    Malcolm, Chief Executive Officer, joined ip.access with 29 years’ experience in telecommunications. He has held senior management role at Alcatel Lucent (14 years of service concluding as Business Development Director for wireless in EMEA), IPWireless (COO and board member) and most recently General Dynamics Broadband (CEO). Since 1992, he has held key development roles for both GSM and WCDMA fixed wireless products. Malcolm has worked in both the UK and the United States. He earned an honours degree in computer science from Heriot-Watt University, Scotland.

  • June 2015
    Zouk participates in €100m series D round for SIGFOX, the global leader in Internet of Things Connectivity
  • Zouk participates in €100m series D round for SIGFOX, the global leader in Internet of Things Connectivity
    - June 2015

    Zouk Capital, the London-based growth capital investor, today announced its participation in the €100m series D round for SIGFOX, as part of an investment extension allowing new strategic partners to join the share capital of the company in the months following the first close.

    The SIGFOX network is the most cost-effective and energy-efficient way to provide two-way connectivity to billions of objects. Incorporated in 2009, SIGFOX has pioneered the Low-Power Wide-Area (LPWA) connectivity space and has become a reference player in Internet of Things (IoT).

    “Zouk’s value add was immediately clear to us and the team’s access to new markets and expertise in technology and infrastructure will be of great strategic significance to SIGFOX. We are delighted to welcome Zouk on board,” said Ludovic Le Moan, CEO of SIGFOX.

    “SIGFOX’s distinctive solution to Internet of Things connectivity is superior in its innovation and pioneering in its approach,” added Samer Salty, CEO of Zouk Capital. “SIGFOX’s strategy plays to our strengths and expertise in technology and infrastructure and we are excited to be able to support the company it its growth and expansion.”

    About SIGFOX

    SIGFOX is the premier provider of dedicated cellular connectivity for Internet of Things and Machine-to-Machine communications. The company’s network complements existing high-bandwidth systems by providing economical, energy-efficient two-way transmission of small quantities of data, thus lowering barriers to wide implementation of IoT and M2M solutions, and greatly extending the battery and service life of connected devices. SIGFOX's global network is deployed through the SIGFOX Network Operator™ partnership program, with more than 2 million square kilometers already covered. The company is headquartered in Labège, France, and has offices in Mountain View, Calif., and Madrid, Spain. For more information, see and follow us on Twitter @SIGFOX.

  • June 2015
    Cyphort Raises $30 Million in Series C Funding
  • Cyphort Raises $30 Million in Series C Funding
    - June 2015

    Cyphort, a pioneer of Advanced Threat Defense (ATD) solutions, today announced it has secured $30 million in Series C funding. Sapphire Ventures led the round and was joined by existing investors: Trinity Ventures, Foundation Capital and Matrix Partners.  London-based Zouk Capital also joined the round. The latest round of funding will be used to help with the security company’s rapid growth and expansion into new markets. The new funding brings Cyphort’s total investment to more than $53 million since inception.

    Over the last 18 months, Cyphort has experienced exponential growth in revenue and customer demand. Cyphort has expanded its customer base of Global 1,000 enterprises and continues to grow into verticals including technology, media, financial, retail, travel and entertainment, to name a few.

    “This Series C round is another great milestone for Cyphort as we continue our tremendous growth and traction in the security space,” said Manoj Leelanivas, CEO of Cyphort. “Network security threats are always changing and the IT landscape is constantly evolving. In this new world, where the enterprise perimeter has all but vanished, Cyphort’s distributed software platform provides comprehensive threat visibility, automated containment and unparalleled ease of deployment. This new round of funding solidifies Cyphort’s longevity and continued customer confidence in the solutions our company provides.”

    “We are delighted to join this investment round in such an exciting company. Cyphort’s distributed, software-based approach enables energy savings of up to 70-80% compared to existing appliance-based solutions, as well as similar amounts of air conditioning. Furthermore, the software-based approach offers much better scalability and flexibility of deployment, resulting in significantly higher resource efficiency, allowing protection to be provided exactly where and to the extent it is actually required,” said Samer Salty, CEO of Zouk Capital. “Cyphort is an excellent example of a company using technology to create resource efficiency and therefore wholly fulfils Zouk’s investment thesis.“

    Cyphort is a next-generation security company founded and led by experienced industry veterans who recognized a need for new solutions in the market to detect, analyze and add contextual intelligence to stop advanced threats. Recently, Cyphort was named “Rookie Security Company of the Year” by SC Magazine, named a SINET 16 Innovator and recognized by Network World as one of the “Must-have security tools” in the enterprise. In April 2015, the company announced it is the first in the industry to combine APT detection with lateral movement.

    For more information on Cyphort’s advanced threat defense platform, please visit:

    About Cyport

    Cyphort is an innovative provider of Advanced Threat Protection solutions that deliver a complete defense against current and emerging Advanced Persistent Threats, targeted attacks and zero day vulnerabilities. The Cyphort Platform accurately detects and analyzes next generation malware, providing actionable, contextual intelligence that enables security teams to respond to attacks faster, more effectively, and in as surgical a manner as their attackers. Cyphort’s software-based, distributed architecture offers a cost effective, high performance approach to detecting and protecting an organization’s virtual, physical and cloud infrastructure against sophisticated attacks. Malware detection for Windows, OSX and Linux allows businesses to extract maximum value from IT assets without compromising the security of an organization. Founded by experts in advanced threats from government intelligence agencies and premier network security companies, Cyphort is a privately held company headquartered in Santa Clara, California. For more information, please visit and follow us @Cyphort.

  • February 2015
    E.ON and NEC lead investment round of $8m in Space-Time Insight
  • E.ON and NEC lead investment round of $8m in Space-Time Insight
    - February 2015

    Space‐Time Insight, the leading provider of situational intelligence solutions, today announced that E.ON SE (EOAN:Xetra), one of the largest global energy suppliers, and NEC Corporation (NEC; TSE: 6701), a leading provider of innovative IT, network and communications products and solutions, have led an $8M investment in the company. The majority of Space-Time Insight’s current investors also participated in the strategic round of financing which the company will use to accelerate growth on multiple continents. NEC’s investment follows the formation in 2014 of a strategic partnership with Space-Time Insight in Japan and the Asia Pacific.

    With a combined annual revenue of over $170B, E.ON and NEC bring Fortune 1000 muscle to Space-Time Insight’s initiatives in North America, Europe and Asia, where the challenges of big data and the opportunities of the Internet of Things are fuelling demand for the company’s real-time visual analytics software.

    “The success of our grid and renewables initiatives rely on the ability to understand how our assets are performing, how we reduce risk, and what situations we need to respond to immediately,” said Susana Quintana-Plaza, Senior Vice President for Technology and Innovation at E.ON. “Our investment in Space-Time Insight reflects both our confidence in a market leader in visual analytics as well as a belief that the company’s software can greatly improve operational efficiency across our organization worldwide.”

    Space-Time Insight provides Situational Intelligence for the Internet of Things, correlating, analyzing and visualizing data from any number of assets and sources to help business users make faster, more-informed decisions. In 2013, Space-Time Insight doubled sales and achieved similar growth in 2014. The company’s customers include eight of the twenty largest utilities in the US.

    About Space-Time Insight
    Space-Time Insight helps companies in asset-intensive industries make faster, more-informed decisions. Our real-time visual analytics applications correlate, analyze, and visualize large volumes of business, operational and external data, spatially, over time and across network nodes. Space-Time Insight’s award-winning software powers mission-critical systems for some of the largest companies around the world, helping them reliably, efficiently and economically deliver services and rapidly plan for and respond to a full range of operating events. Space-Time Insight partners with leaders in the industry including Accenture, Esri, IBM, NEC, OSIsoft, SAP, Siemens and Unicorn Systems. Space-Time Insight is privately held and based in San Mateo, CA. “Space-Time Insight” is a trademark of Space-Time Insight Inc.

  • December 2014
    Huddle receives $51m in funding round led by Zouk Capital
  • Huddle receives $51m in funding round led by Zouk Capital
    - December 2014

    Huddle, the enterprise cloud collaboration service, today announced that it has secured a $51 million Series D round of funding. The capital will be used to expand Huddle’s leadership in secure external collaboration; transforming the way global teams work together by enabling enterprise and government organizations to simply and securely share, discuss and work on files in the cloud.
    Funds will be invested to continue Huddle’s rapid expansion in the US and Europe. The company will also double the size of its product team in order to continue the constant development and innovation of the product.
    The financing was led by Zouk Capital, with participation from the Hermes GPE Environmental Innovation Fund, managed by Hermes GPE, and all existing investors, including Matrix Partners, Jafco Ventures, DAG Ventures, and Eden Ventures. Nathan Medlock, Partner at Zouk Capital, led the deal and will join the Huddle board.
    This year, Huddle has seen significant growth in its business, with sales to enterprise customers tripling in the first three quarters of 2014 over the same period last year. The company also secured seven of its ten biggest contracts to date in the same time frame. With offices in San Francisco, London, New York and Washington D.C., Huddle continues to strengthen its leadership position in the rapidly growing market for enterprise content collaboration in the cloud. Customers include Grant Thornton, Baker Tilly International, National Grid, P&G, Keolis, Williams Lea, Driscoll’s and Panasonic Europe.
    Following the launch of its US government offering in 2013, Huddle has also added four US federal agencies to its portfolio, strengthening its already impressive government credentials. The company’s government customers globally include 80 percent of central UK government departments, NASA, the Office of the Secretary of Defence, Government of Greenland, the NHS, and numerous local government organizations.
    “We've seen the content collaboration market come of age over the last year, with enterprises and governments now replacing legacy software at scale and embracing this new way of working,” explained Alastair Mitchell, CEO, Huddle. “There has also been an increasing trend away from simple cloud storage. It has become a low-value commodity and simply replicates the age-old problem of content getting lost and siloed on shared drives with a new one – content now just gets forgotten about in the cloud. Instead, business managers have realized that secure collaboration workspaces that enable teams within and across the firewall to work together on content is where the real value now lies. Effective collaboration results in greater productivity, supports decision-making, ensures teams meet milestones and ultimately drives business growth. CIOs are also recognizing the strategic business value of content collaboration and, as a result, Huddle is becoming a vital and widely deployed part of their new cloud technology stack. We’re growing incredibly fast and we’re excited that we've been able to bring on board new investors to help us on the next stage of our journey.”
    “Huddle is disrupting the enterprise technology space and transforming the way that teams and companies work together,” said Samer Salty, CEO of Zouk Capital.  “On its mission to improve workforce productivity, Huddle has secured a strong client-base of enterprise and government organizations. The company’s impressive growth and customer credentials prove that today’s workforce doesn't need just cloud storage, but intelligent collaboration tools that help teams get their jobs done. Huddle is a great example of a company that meets Zouk’s resource efficiency investment thesis:  recognizing that not only should we be doing more with less, but that resources, processes and systems are more connected than ever. We’re looking forward to supporting such an innovative company through the next phase of its growth.”
    “The value of cloud content collaboration solutions is increasingly being realized by organizations, particularly because they are easy to provision and enable streamlined access for mobile users,” said Vanessa Thompson, Research Director, Enterprise Social Networks and Collaborative Technologies at IDC. “Forming a workspace environment for users that brings together content collaboration capabilities, as well as context from other systems, means that users only need to be in one place to get work done. This becomes increasingly critical as users are being asked to do more with less time.”
    “Content has always been the critical part of work and Huddle is making it easier for teams to securely access and work on content with their entire business community,” said Jim Lundy, CEO and Lead Analyst, Aragon Research. “The world of business apps is changing and predictive content is one of the ways that Huddle is making it easier and faster to find and share content.”
    About Huddle
    Huddle is a secure cloud collaboration service that enables enterprise and government organizations worldwide to securely store, access, share, sync and work on files with everyone they need to - regardless of whether they are inside or outside of an organization's firewall. Co-headquartered in London and San Francisco and with offices in New York City and Washington D.C., Huddle's customers include 80 percent of Fortune 500 and 80 percent of UK government departments, as well as companies such as Kia Motors, Williams Lea, Driscoll’s, Unilever and P&G. The company is privately held and backed by leading venture capital firms in the US and Europe. More information can be found at

  • December 2014
    Off Grid Electric receives $16 million in growth funding round led by Zouk Capital
  • Off Grid Electric receives $16 million in growth funding round led by Zouk Capital
    - December 2014

    Off Grid Electric, the world’s leading off-grid energy provider, announced the closing of a $16 million funding round today led by Zouk Capital and SolarCity. The announcement comes on the heels of a $7 million funding announcement earlier this year, making Off Grid Electric one of the best capitalized companies in a sector that is quickly heating up. Along with Zouk Capital and SolarCity, Vulcan Capital, the private investment firm of Microsoft co-Founder Paul Allen, is making its second investment in the company.

    The announcement comes as more good news for a company whose customer base has more than tripled since it was named winner of the Ashden Awards last March. In Tanzania, Off Grid Electric has delivered the highest solar adoption rates in the world, and has quickly become Africa’s leading provider of solar energy as a service. For less than $0.20 per day, customers are able to enjoy 50 times more light than from traditional sources.

    Off Grid Electric CEO, Xavier Helgesen, said, “We have the potential to change 1 billion lives by making solar accessible and affordable to everyone.”

    Zouk Capital is a London-based private equity fund manager that makes investments in companies which have a genuine environmental impact. “For us, this is a bet on a global solution.” says Samer Salty, Zouk Capital's CEO. “Off Grid Electric has the first truly scalable solution for their customers. We see the company  reaching a million customers quite soon. Furthermore, Off Grid Electric is leapfrogging the Western world and proving that distributed energy is highly scalable, financially viable, and has an immediate positive impact on hundreds of millions of people.”

    SolarCity has made its second major investment in Off Grid Electric since participating in the company’s funding round late last year. “Off Grid is expert at offering Africans what they want: clean, affordable electricity that can allow them to grow businesses, improve educational opportunity, and enrich their quality of life,” said SolarCity CEO Lyndon Rive. “Many people in Africa currently depend on inadequate kerosene lamps for power, and Off Grid knows how to give that market more light at less cost.”

    “Off Grid Electric has the team, the vision and the technology to deliver distributed power to thousands, and eventually, millions of homes and businesses in parts of the world where grid electricity is non-existent,” says Vulcan Capital Managing Director, Steve Hall. “The Off Grid Electric solution represents a massive market opportunity that will serve as a foundational building block to drive economic development in these regions.”

    Off Grid Electric reports big plans for 2015. “We have made number of engineering and operational breakthroughs that will dramatically increase our product offering and the quality of service,” Helgesen says, “we can barely keep up with demand right now.”

    About Off Grid Electric
    Off Grid Electric was founded by Erica Mackey, Joshua Pierce and Xavier Helgesen in late 2011 with a vision to light Africa in a decade. The company is based in Arusha, Tanzania. For more information, go to

  • May 2014
    Zouk Capital leads €40m Series C funding round in iZettle
  • Zouk Capital leads €40m Series C funding round in iZettle
    - May 2014

    iZettle, Europe’s No.1 provider of mobile payment services and apps, has closed a €40 million Series C funding.  London-based growth investor Zouk Capital led the round, with participation from Dawn Capital and Intel Capital, and Series A and B investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity.
    Investors in previous rounds included, American Express, MasterCard and Banco Santander. Nathan Medlock, a principal in Zouk’s Growth Capital Team will join the iZettle board.
    iZettle will use the funding to continue growing in existing markets as well as identifying new potential territories for expansion.
    "Using a card for payment is second nature to all of us, so it remains extraordinary that millions of small companies and traders are still locked out of this system by their size,” said Medlock. “iZettle gives this huge market the ability to accept card payments, helping smaller enterprises save time, paper and energy while professionalising their operations.”
    iZettle started in 2011, offering an easy way to take card payments using mini credit card readers that transform smartphones and tablets into cash registers. Today, small businesses come to iZettle for tools to grow their business: from complete point of sale solutions, to free sales overview apps like reports and graphs to spot sales opportunities and identify loyal customers.
    “Building on its early successes in Europe, we’re excited about iZettle’s growth plans, and believe this round will give them the fire power required to execute on the next phase of expansion,” Medlock added, “At the core of Zouk’s investment thesis is the emergence of what we call resource intelligence: recognising that not only should we be doing more with less, but that resources, process and systems are more connected than ever. iZettle is a great example of this concept in action.”
    Said Jacob de Geer, iZettle co-founder and CEO: “Small businesses are the lifeblood of the global economy. Our mission from the start has been to democratize and simplify payments around the world to help small businesses grow their business.”
    iZettle takes just minutes to set up, and works with all major payment cards.  With iZettle there’s no subscription, set up fee, monthly fee or minimum. Instead, iZettle merchants pay a small percentage of each transaction. iZettle then electronically deposits payments in the seller’s bank account.
    Sweden’s Financial Supervisory Authority regulates iZettle, whose services are EMV (Europay, MasterCard and Visa) approved and compliant with the Payment Card Industry Data Security Standard (PCI DSS).
    In addition to Mexico and Brazil, the iZettle app, Chip & PIN and Chip & Signature readers, and free business management software are now available in the U.K., Spain, Germany, Sweden, Denmark, Norway and Finland.
    In a recent Tech5 competition by technology focused media company The Next Web, iZettle was ranked one of the three fastest growing companies in Europe.
    About iZettle
    We believe running a business should be easier. At iZettle we come to work every day to build game-changing payment services and apps – from card readers for smartphones and tablets, to registers and tools for increasing sales. They are simple to set up and use, always secure, and help you build your business. But that’s not all; they actually make running a small business way more fun.  Our headquarters may be in Stockholm, but we’re now used by hundreds of thousands of businesses in nine countries around the world. Join us at

  • December 2013
    Anesco tops 2013 Sunday Times Virgin Fast Track 100
  • Anesco tops 2013 Sunday Times Virgin Fast Track 100
    - December 2013

    Anesco named UK’s fastest growing private company.

    National energy efficiency solutions company, Anesco, has been named the UK’s fastest growing private company, after taking the top spot in the prestigious Sunday Times Virgin Fast Track 100.
    The high profile league table highlights the 100 private companies who have had the fastest-growing sales over their latest three years.
    The accolade follows an outstanding year for Anesco, which has seen the company increase its revenue by 257%, grow its team by over a quarter and become one of the youngest companies to achieve a RoSPA Gold Award for occupational health and safety.
    After growing revenue from £21million to £55.1million in the last financial year, the company expects to exceed its target of £100million by financial year end March 2014.
    Adrian Pike, CEO of Anesco, said: “What an amazing Christmas present! To be ranked number one is just unbelievable."
    “2013 has been an absolutely phenomenal year for Anesco. We’ve achieved so much and that’s down to the team we’ve pulled together and all their hard work. People are at the heart of what we do and that’s why we’re so proud of our Investors in People gold standard. We wouldn’t be where we are today without their dedication.”
    Sustained growth has seen Anesco grow to a workforce of 98 permanent employees, with up to 350 contractors employed at any one time and more than 30 supply chain partners and logistics staff.
    Through its work with businesses, local authorities and homeowners, Anesco has helped to take over 40,000 people out of fuel poverty. The renewable technologies it has deployed are now generating enough power for more than 45,000 homes, saving over 72,000 tonnes of carbon per year.
    Anesco’s industry-leading renewable assets maintenance service, AnescoMeter, is monitoring over 11,000 UK solar installations, which to date have achieved a total carbon saving of over 37,000.
    “There’s a mantra we use at Anesco, ‘have fun, make a difference and make money’, and that’s exactly what we’ve done. As a company, we operate with strong values that run through everything we do and we look to build lasting relationships with both customers and suppliers alike,” added Adrian.
    “2014 is already shaping up to be a fantastic year, as we expand into new markets and begin taking on our first projects outside of the UK. As an industry, energy efficiency is a great one to be in and we continue to go from strength to strength.”
    It’s been a year of achievement for Anesco, which earlier this year was recognised as the second fastest growing cleantech company in Europe as part of the Cleantech Connect Awards, where the company also received a special judges’ award.
    Anesco has also been named one of the top 100 cleantech companies in the world as part of the The Global Cleantech 100 and the senior team were declared venture capital backed management team of the year by the BVCA.
    In The Growing Business Awards 2013, which seek to find the country’s most exceptional entrepreneurs and to highlight the most pioneering UK firms who are bringing new thinking to their markets, Anesco was awarded Young Company of the Year, with CEO Adrian Pike named Entrepreneur of the Year.

  • September 2013
    MERALCO of the Philippines Invests in Smart Energy Infrastructure to Empower Consumers and Improve Efficiency and Reliability
  • MERALCO of the Philippines Invests in Smart Energy Infrastructure to Empower Consumers and Improve Efficiency and Reliability
    - September 2013

    The Manila Electric Company (Meralco), the largest distribution utility in the Philippines with more than 5 million customers, currently is embarking on its advanced smart grid roadmap with prepay smart metering as its first service. With this, households across Meralco’s service territory will be able to better manage their energy consumption and are poised to reap the benefits of a modernized electric system, thanks in part to a smart energy infrastructure by GE’s Digital Energy business (NYSE: GE) and Trilliant. This first phase of Meralco’s long-term smart grid vision is integrating “smart intelligence” into the electric distribution network to help consumers better manage their electricity consumption. With this advanced technology, consumers will be empowered with the information that will help them track and manage their energy usage and bills more efficiently and effectively.
    “We are looking at the benefits of smart prepaid metering to deliver better service to our customers,” said Alfredo Panlilio, head of customer retail services and corporate communications, Meralco. “This is the first phase of our long-term smart grid roadmap, which will eventually not only focus on prepaid metering, but also the modernization of our electric infrastructure, which will eventually deliver better customer experience, improved energy efficiency and enhanced reliability. GE is one of our main partners to enable this advanced metering infrastructure.”
    As part of an overall energy infrastructure modernization strategy, GE will provide electric meters and system integration services. The project showcases the flexibility of the Trilliant Smart Grid Communications Platform, which enables advanced intelligence in the prepaid metering system today and will serve as a foundational platform for future advanced smart grid capabilities that improve reliability and enhance efficiency.
    “Meralco is becoming a Southeast Asian leader in adopting new technologies to improve energy service,” said Matt McKenzie, general manager, Asia Pacific, GE Digital Energy. “This advanced smart grid platform gives Meralco the capabilities to transform consumers’ relationship with electricity. With this system, consumers will be able to more easily and effectively manage their use and budget. The enhanced network control and efficiency tools enabled by smart meters open doors to the very latest energy innovations that can increase productivity and efficiency, while reducing and minimizing outages.”
    “Southeast Asian utilities are facing some of the most pressing challenges in the world,” said Bryan Spear, Asia Pacific managing director, Trilliant. “And Meralco is at the forefront in proactively delivering solutions to address those challenges. It is an honor to have the opportunity to work with Meralco to leverage our experience from around the world to bring tangible value to the people of the Philippines.”
    About Meralco
    Manila Electric Company (Meralco) is the Philippines’ largest distribution utility. It is part of the Metro Pacific Group of Companies headed by one of Asia’s leading businessmen, Manuel V. Pangilinan. The Meralco franchise of 9,337 km2 is home to approximately 25 percent of the Philippine’s population, generates about 50 percent of Philippine gross domestic product and produces 60 percent of Philippine manufacturing output.
    About GE
    GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at
    GE’s Digital Energy business is a global leader in protection and control, communications, power sensing and power quality solutions. Its products and services increase the reliability of electrical power networks and critical equipment for utility, industrial and large commercial customers. From protecting and optimizing assets such as generators, transmission lines and motors, to ensuring secure wireless data transmission and providing uninterruptible power, GE’s Digital Energy business delivers industry-leading technologies to solve the unique challenges of each customer. For more information, visit

  • September 2013
    Zouk joins $20m investment round in big data visual analytics firm, Space-Time Insight
  • Zouk joins $20m investment round in big data visual analytics firm, Space-Time Insight
    - September 2013

    Space‐Time Insight, the leading provider of next‐generation situational intelligence solutions, today announced that it has raised $20 million in Series C financing to drive the company’s continued expansion in the US and international markets.  London-based private equity fund, Zouk Capital, joins current investors Opus Capital Ventures, EnerTech Capital, and Novus Energy Partners in this round of financing.
    “To make critical decisions, companies worldwide need to analyze huge volumes of data residing in numerous silos across their IT and operational infrastructures in real-time,” said Space-Time Insight CEO, Rob Schilling.  “The Series C financing enables Space-Time Insight to extend the reach of situational intelligence, fulfilling the needs of those businesses and making a significant contribution to their bottom line.  We are proud to have the support of our existing investors as well as Zouk Capital, which has a track record of growing businesses in new geographies across European and Asian markets.”
    Space-Time Insight’s award-winning software enables its impressive list of major customers, such as Hydro One, Southern California Edison, the California ISO, Sacramento Municipal Utility District (SMUD), and a global delivery services company, to reduce risk, improve service reliability and efficiency, and significantly reduce costs through highly sophisticated visualization and analysis of massive volumes of diverse real-time and historical data.  The funds will be used to further expand the company’s presence in the US, Europe and Asia, while increasing its product offerings for capital asset-intensive industries such as Utilities, Oil & Gas and Transportation.
    According to GTM Research, the global smart grid market is expected to surpass $400B by 2020 with an average compound annual growth rate of over 8%.  With its proven ability to correlate, analyze and visualize huge data volumes in real-time across both traditional IT and operational (OT) systems, Space-Time Insight is uniquely positioned to take advantage of this opportunity and growth.
    “Over the last few years the urgent need for software that enables businesses to understand and interpret vast amounts of data across many different systems has become critical from both a cost and resource efficiency basis,” said Samer Salty, CEO at Zouk Capital.  “Zouk has identified Space-Time Insight as the clear leader in its category and is thrilled to have the opportunity to contribute to its success. In particular, we look forward to working closely with the Space-Time Insight team in its further expansion into Europe and Asia.”
    Samer Salty will join Space-Time Insight’s Board of Directors.
    About Space-Time Insight
    Space-Time Insight transforms vast quantities of disparate information into intuitive visual displays that businesses can use to make informed real-time decisions. From traditional transmission, communications and transportation networks to Smart Grids and Cities, our next-generation situational intelligence solution is making critical infrastructure smarter, safer and more reliable. With Space-Time Insight, enterprises can visualize and analyze their resources across location and time, rapidly respond to disruptions in service, and lower risk while increasing customer satisfaction and profitability. Major organizations around the world rely on our high performance software to gain actionable insights into their businesses and make real-time operational decisions. Space-Time Insight partners with leaders in the industry including Accenture, EMC, Esri, IBM, OSIsoft, and SAP.  Space-Time Insight is privately held and based in San Mateo, CA. For more information, visit

  • September 2013
    SEP and Hermes acquire Zouk stake in Anesco
  • SEP and Hermes acquire Zouk stake in Anesco
    - September 2013

    Scottish Equity Partners (SEP) and Zouk Capital (Zouk) are pleased to announce the acquisition by SEP and Hermes of Zouk’s shareholding in Anesco, the UK’s leading energy efficiency solutions company.  Zouk Capital, the private equity and infrastructure fund manager specialising in the clean economy, was a founding shareholder in Anesco in 2010 and has made a significant contribution to the growth of the company.  The transaction was led by SEP. 

    The deal is further endorsement for Anesco, recently announced as national winner of the BVCA Management Team of the Year Award and comes on the back of impressive results for the last financial year, with the Reading-based company beating ambitious targets to achieve turnover of £55.1 million and a profit of £3.4 million before tax.

    With the ongoing support of SEP and Hermes, Anesco now expects to quickly reach its target of over £100 million revenue as demand for its services continues to grow.  Anesco is experiencing significant growth for its broad range of products and services which address opportunities in the Green Deal, ECO, ESCO and RHI markets. 

    Anesco already forms part of the portfolio of the Environmental Energies Fund (EEF), managed by SEP, and this share purchase will increase SEP’s stake in the company. David Sneddon of SEP will join the Anesco board as a non-executive director.

    Adrian Pike, CEO of Anesco, comments: “We have enjoyed our relationship with Zouk for the past two and a half years. We are delighted to have the support of SEP and Hermes to further our growth and diversification in the energy efficiency market.”

    David Sneddon, Partner at SEP comments: “Anesco is an award winning and visionary technology led company with its sights set on significant growth.  We are delighted to increase SEP’s support for the Anesco team as they drive the company to achieve its long term goals.”

    Samer Salty, CEO of Zouk comments: “As a founding shareholder, we are extremely pleased to have been involved with Anesco since its formation. We backed an exceptional management team which has outperformed our expectations of what could be achieved in the emerging UK energy efficiency market. As the first exit for Zouk’s second Growth Capital fund, Anesco sets a benchmark for the returns that we target across the portfolio.”

  • August 2013
    va-Q-tec AG Expands Into North America- Vacuum insulation panel (VIP) market leader increases global reach
  • va-Q-tec AG Expands Into North America- Vacuum insulation panel (VIP) market leader increases global reach
    - August 2013

    va-Q-tec AG, the global leader in the development and manufacturing of VIPs is pleased to announce its expansion into the North American market with the opening of a US office in East Rutherford, NJ. This presence will allow the company to support its growing US and Canadian healthcare and pharmaceutical customer base and serve the increased demand for temperature controlled packaging in the region. Andrew Heholt will lead va-Q-tec’s commercial activities in North America as VP of Sales.
    va-Q-tec will introduce their high performance packaging portfolio for purchase or as part of their global “Load and Go” rental service to ship biopharmaceutical products.

    A single pack-out configuration across the product line ensures that va-Q-tec customers benefit from one container capable of multiple applications, significantly reducing packaging complexities below industry standards, and cutting more than 25% out of total landed logistics costs while always being temperature deviation free.

    About va-Q-tec AG

    va-Q-tec was founded in 2001 in Würzburg, Germany. The founders Dr. Kuhn and Dr. Caps focused on nanotechnology research which led them to the development of VIPs for a wide range of clean technology applications. va-Q-tec is a market leading supplier of VIPs to various industries, such as pharmaceutical packaging, appliances, construction, automotive, aerospace and defense. The World Economic Forum and Bloomberg have awarded va-Q-tec for its innovative products and cleantech solutions. va-Q-tec is an ISO 9001:2000 privately held organization with offices in Germany, United Kingdom, Korea, and the United States of America. (

  • June 2013
    TRITON WATER AG arms itself for the area of Water Management in the oil & gas and energy sector
  • TRITON WATER AG arms itself for the area of Water Management in the oil & gas and energy sector
    - June 2013

    TRITON WATER AG (Norderstedt/ Hamburg) arms itself for the area of Water Management in the oil & gas and energy sector
    Norderstedt/ Hamburg, 21.06.2013: With retroactive effect to 1 January 2013, TRITON WATER AG has acquired all of the shares in Future Technologies L.L.C. (Dubai).
    Both are innovative medium-sized companies whose strategic goals are ideally complementary. For TRITON WATER AG, this represents another step in its goal to become the international specialist in water management for industrial customers. With roots in Germany going back to 1851, the company is thereby also gaining access to the strategically important market in the Middle East.
    Careful use of water is of great importance for two reasons in the individual industrial sectors: water is increasingly a key economic factor demanding environmentally-compatible handling which in turn conserves resources. TRITON WATER offers integrated solutions for industrial water management in order to comply with the requirements of today and the future. Together, TRITON WATER and Future Technologies L.L.C. hope to meet these requirements in the form of individual overall solutions for water management in facilities, whereby Future Technologies L.L.C. can rely on a wealth of experience concerning water management in the oil & energy sector with the result that it avails of considerable growth potential for the future.
    Along with the former CEO Helge Schaare, the former owner of Future Technologies L.L.C., Mr. Kai Uwe Buerger, will be the second chairman of Triton Water AG with responsibility for the areas of Sales and Project Management in future.
    About Triton
    Triton Water AG, founded 1851 in Hamburg, offers innovative and customized solutions for industrial water and waste water especially for the following industries: food&beverage, oil&gas, energy and process industry.
    In addition to equipment sales, Triton also provides solutions-as-a-service including the operation and maintenance with remote monitoring. Triton´s in-house laboratory and production facility of waterchemicals complete the portfolio.
    The technology know-how and detailed understanding of industrial water and waste management processes allows Triton to support its clients across their entire water cycle on a global level.

  • September 2012
    va-Q-tec: World Economic Forum 2013 Technology Pioneer
  • va-Q-tec: World Economic Forum 2013 Technology Pioneer
    - September 2012

    va-Q-tec AG today announced its selection by the World Economic Forum as a 2013 Technology Pioneer, citing the company’s innovations vacuum insulation technology. The World Economic Forum selected its 2013 Technology Pioneers in the areas of energy and environment, information technology, telecommunications and new media, and life sciences and health, based on demonstrative vision and leadership in their fields, innovative ideas and approaches, and their impact on society and business.

    "va-Q-tec is delighted and honored to be selected as a Technology Pioneer by the World Economic Forum," said va-Q-tec CEO Joachim Kuhn. "By redefining the scope of advanced thermal insulation using our vacuum insulation panels, va-Q-tec is creating energy efficient and mission-critical solutions in multiple industries. We are particularly proud of our commercial progress in high-end appliances and temperature controlled logistics. This award is a tribute to the advances we have made in product innovation over recent years."

    va-Q-tec designs and produces vacuum insulation panels used in refrigeration, packaging, cold-chain logistics, construction and automotive applications.  The company’s patent-protected products perform up to ten times better on energy efficiency than conventional insulation materials, saving up to 80% in energy consumption. As va-Q-tec’s panels are particularly light-weight, thin and flexible they are applicable in a wide variety of industries. The company also provides heat & cool storage elements containing phase change materials which enhance insulation performance. va-Q-tec has manufacturing sites in Germany as well as service and operations sites in the UK and South Korea.

  • September 2012
    Lighting Science Group Concludes Final Tranche of $168 Million Equity Raise
  • Lighting Science Group Concludes Final Tranche of $168 Million Equity Raise
    - September 2012

    Lighting Science Group Corporation has closed an equity investment of $49m as the final part of its $168m equity funding round first announced by the Company on 29 May 2012. The funding comes from Zouk Capital LLP and a sovereign wealth fund based in the Middle East.

    Zouk, the manager of Europe's largest growth capital fund dedicated to the cleantech sector, and the sovereign wealth fund join Riverwood Capital, a globally-focused private equity firm that invests in high-growth businesses in the technology and services industries, and Pegasus Capital Advisors, LP, the Company's majority shareholder, previous participants in the equity financing.

    With the completion of this final tranche, aggregate gross proceeds to the Company from the equity financing are $168 million.  The funding will be used to finance the Company's growth and enhance its leadership position in the LED lighting market, with a strong focus on continued development of the Company's technology and product pipeline. The financing will allow LSG to expand its relationship with key supply chain partners and increase its pace of new product introductions.  In addition, LSG intends to invest in its sales and marketing efforts to promote and support its products in an ever increasing number of channels, assisted by the global commercial networks LSG's new investors expect to bring.

    As part of this transaction Samer Salty, Zouk's founder and CEO, will be joining the Company's board of directors. Mr. Salty commented: "Lighting Science Group is at the forefront of the LED lighting market, developing and manufacturing high-efficiency products that are displacing existing technologies. We look forward to working with the company and the other shareholders on further strengthening the business."

    About Lighting Science Group Corporation

    Lighting Science Group Corporation (LSCG.OB) designs, develops, manufactures and markets LED lighting solutions that are environmentally friendlier and more energy efficient than traditional lighting products. Lighting Science Group offers retrofit LED lamps in form factors that match those of traditional lamps or bulbs and LED luminaires designed for a range of applications including public and private infrastructure for both indoor and outdoor use. Lighting Science Group's Advanced Projects Group business unit designs, develops and manufactures custom LED lighting solutions for architectural and artistic projects. Lighting Science Group is headquartered in Satellite Beach, Florida; the Company's European operations are based in Middelburg, The Netherlands; and the Company has a sales office in Sydney, Australia. Lighting Science Group employs approximately 550 workers building lighting products from domestic and imported parts.

  • September 2012
    Solarcentury completes solar powered waste treatment plant
  • Solarcentury completes solar powered waste treatment plant
    - September 2012

    Friday 14th September, 2012:  Lightsource Renewable Energy Limited, the UK’s leading utility scale solar plant developer, owner and asset operator have, together with Solarcentury, the UK’s most experienced solar photovoltaic (PV) installer, completed a 5MW utility scale solar plant close to the village of Waterbeach, Cambridgeshire. 

    The solar plant will provide enough ‘green’ electricity during daylight hours to power over 70% of AmeyCespa’s Mechanical Biological Treatment plant in Waterbeach, providing a sustainable, local energy solution.

    Located at the hamlet of Chittering, this 20,000 panel solar park is built in a discreet location and is not visible from the main road.  The plant will generate up to 4,552MWh annually, an optimum level achieved with an experienced engineering team and use of only the highest quality materials. This is sufficient energy to power the equivalent of over 1,200 homes continuously without any noise or pollution. 

    Frans van den Heuvel, CEO of Solarcentury said:
    “We are all incredibly excited about this project.  Rather than the plant being connected to export into the grid, there has been significant engineering work to provide 3km of cabling from the plant running directly to local waste management company AmeyCespa.”

    He added: “Unlike most utility scale ground mounted solar plants in the country, this solar plant prioritises the use of electricity by AmeyCespa’s facilities first, with minimal excess energy being fed back into the national grid. We expect to see many more commercial projects of this nature in the future as organisations become increasingly aware of fixed, low cost solar power.”

    Lightsource supplies this ‘green’ energy to the waste management company through a Power Purchase Agreement (PPA) for 25 years. This method of energy supply significantly benefits high electricity users like AmeyCespa, not only by cutting electricity costs, but also providing better control and predictability on budget forecasting.

    Nick Boyle, CEO of Lightsource Renewable Energy said: “It goes without saying that energy prices are set to continue to rise in the coming years. According to current UK Power Index estimates from DECC, we are set to experience a 5-8% increase per annum from conventional suppliers. Aside from the expense, if you are in heavy industry or the public sector, the unpredictability of fossil fuel electricity costs can make budgeting and planning for the future virtually impossible. However, PPAs through Lightsource have now become a proven way to eliminate much of this uncertainty and cut energy costs.”

    Nick Boyle continued: “Our PPAs are proving attractive because they provide much needed pricing certainty coupled with a significant reduction in electricity bills. As we own our plants, we specify only premium equipment and maintain it to the highest possible standards. This ensures optimum output and supply to our clients. We create a high quality, appropriate and hassle free solar solution for any business or property owner.  Our newly completed plant here at Chittering is a prime example of how Lightsource can develop solar solutions that work for the local community.”

    Sarah Clover, Account Director for AmeyCespa East, said:
    “As a company which provides itself not only on innovation, but working closely with the communities in which we are based, AmeyCespa is delighted to be involved in this partnership to make use of a local source of renewable energy. Minimising our impact on the environment is at the heart of everything we do, and using solar energy to power one of our key facilities demonstrates our commitment to reducing our carbon footprint.”

  • March 2012
    va-Q-tec elected New Energy Pioneer by Bloomberg
  • va-Q-tec elected New Energy Pioneer by Bloomberg
    - March 2012

    va-Q-tec has been recognised as a New Energy Pioneer at the Bloomberg New Energy Finance Summit 2012 in New York City. The award is given to companies which have achieved significant innovations in the field of clean energy and energy efficiency over the course of the year.

    va-Q-tec specialises in vacuum insulation panels, high-performance products that insulate ten times better than conventional materials. The company was elected a New Energy Pioneer for its energy efficient “va-Q-plus” product, noted for its highly innovative use of materials.

    Christopher Hoffmann, a Principal at va-Q-tec's cleantech investor Zouk Capital, and Thorsten Scheck, both members of the company's Supervisory Board, accepted the award on behalf of va-Q-tec. In his speech, Hoffmann highlighted the relevance of thermal energy savings and emphasized that industrial nations typically use 60 % of their primary energy for thermal purposes. He also revealed the global potential of the innovative "va-Q-plus" product: "va-Q-tec is a true pioneer in energy efficiency. Due to the high energy savings potential of va-Q-plus our production facilities are real energy savings plants. The annual output of one of va-Q-tec‘s plants saves as much power annually as would be produced by a 300MW power plant. And it’s much cheaper."

    va-Q-tec is the first German company to have received this prestigious award. The company was founded in 2001 in Würzburg, Bavaria, and is specialized in the development and production of vacuum insulation panels (VIPs). va-Q-tec is the technology leader in this field. It sells VIPs to many corporations globally and also integrates its VIPs into high-performance packaging solutions for pharmaceutical customers. Demand for va-Q-tec’s products has been growing strongly, driven by the universal need for increased energy efficiency in everyday products and services. With over 50 patents, vast product application opportunities and a simple value proposition to customers, va-Q-tec has the potential to expand at a massive scale. In recent years, the company has grown an average of 70-100 % p.a., with a solid base of international customers across various industries.

    va-Q-tec employs over 160 people and has two production sites in Germany (in Bavaria and Thuringia) as well as offices in the UK, South Korea and the US. Since 2011 va-Q-tec offers a global rental service for its temperature-controlled containers, targeting pharmaceutical and logistics companies globally. The company’s growth is supported by blue-chip investors, including BayBG, KfW, Ringpark and Zouk Capital, a leading cleantech investor based in London.

    "Our versatile and energy-saving products are revolutionizing entire markets. “va-Q-tec inside” will become synonymous for highly energy efficient products containing va-Q-tec’s vacuum insulation panels. A large number of consumer products such as fridges, freezers, containers, airplanes, cars, trailers and buildings will benefit from va-Q-tec’s high performance insulation material,” said va-Q-tec’s CEO Dr Joachim Kuhn. “VIPs will provide a significant contribution to the efficient use of energy.”

    The Bloomberg New Energy Finance Pioneers program identifies companies from around the world that are changing the energy landscape forever. An independent panel of industry experts from banking, academia, corporations, utilities and technology providers chose the selected winners by assessing them against three criteria: potential scale, innovation and momentum.

  • January 2012
    Zouk invests in waste-to-energy leader FFK
  • Zouk invests in waste-to-energy leader FFK
    - January 2012

    Zouk’s €230 million fund, Cleantech Europe II, has completed an investment in a leading German recycler and producer of secondary raw materials, FFK Environment GmbH (“FFK”). Headquartered in Peitz, Germany, FFK was founded 20 years ago by its current CEO Frank Kochan and employs over 150 people across multiple locations. The company applies proprietary technology to produce environmentally friendly solid recovered fuels (RDFs) which replace fossil energy sources such as lignite and bituminous coal. These fuels are used in coal-fired power stations to generate heat and electricity while reducing carbon emissions. The recyclable materials such as paper, metal and plastics, are recovered in FFK’s sorting processes and marketed all over the world.

    FFK is at the forefront of delivering a cost-effective and environmentally friendly method of managing Europe’s burgeoning waste problem. In combination with the growing pressures on the power sector to generate more sustainable electricity, this results in exciting opportunities for growth. Zouk’s investment will support FFK to expand its geographical reach in addition to building on the strength and experience which have led to the company’s success to date.

    Zouk Partner Dr Alois Flatz has joined FFK’s board to support the company’s development. He commented: “FFK is an established industry leader with great potential for expansion into new markets. Its model is proven and it is already the largest exporter of RDFs to Poland. Consistent profitability, strong management and proven technology positions FFK well to achieve its ambitious growth plan. Zouk’s capital and expertise will support the company in achieving these goals.”

    Frank Kochan, CEO of FFK, said: “We are seeing huge opportunities for growth and are excited to have Zouk, as a leading clean-tech investor, support our efforts to bring these to fruition. I look forward to working closely with the Zouk team and to benefit from the value they bring to FFK.”

  • January 2012
    Orb awarded First Runner Up of the Zayed Future
  • Orb awarded First Runner Up of the Zayed Future
    - January 2012

    Orb Energy were awarded first runner up in the NGO / SME category of the Zayed Future Energy Prize, winning a cash prize of US $1 million. One of the most prestigious global awards for renewable energy, the Zayed Future Energy Prize is awarded annually to large corporations, individuals, small businesses and non-governmental organizations that have made significant contributions to the future of energy.

    Orb Energy received this award in recognition of its efforts towards creating a significant impact on India's energy landscape, by building a unique distribution model for solar energy that is helping to power Indian homes, enterprises, and entire villages.
    According to Damian Miller, CEO of Orb Energy, "This award is a validation of our efforts towards reducing India's energy crisis through the use of sustainable solar powered technology, especially in rural areas. Our approach is differentiated by our unique range of solar systems, and our ability to reach out directly to the Indian solar consumer - delivering a superior product and unparalleled after sales service. We plan to use the prize money to expand our base to 200 branches over the next 18 months, to help us better serve India's growing energy requirements."


    India PRwire

  • November 2011
    Zouk invests in high-growth Canadian contractor OZZ Electric Inc
  • Zouk invests in high-growth Canadian contractor OZZ Electric Inc
    - November 2011

    Zouk Capital has invested in OZZ Electric, a leading full-service energy efficiency and electrical contractor based in Toronto, Canada. OZZ Electric was founded in 1991 and specializes in providing electrical installation and service contracts for large-scale residential, industrial, commercial and institutional construction. Responding to regional demand, the company has expanded its offering to include a full scope of low-carbon and energy efficiency technologies, including solar photovoltaics, building energy management systems and smart metering. The management team has existing expertise in the latter sector; the CEO co-founded global smart-meter company, Trilliant Inc. OZZ Electric has partnered with Zouk to help drive this expansion of the business, drawing on the UK investor’s experience of financing growth stage cleantech companies.

    OZZ Solar, the renewable energy focused business unit, works with OZZ Electric to roll out solar photovoltaic installations in the province of Ontario. OZZ Electric’s long track record in electrical contracting positions the company favorably to execute its growth strategy. With over 500 employees and a strong network of subcontractors and suppliers, OZZ Electric is an established business which is proven to consistently deliver the high quality of service required in large contract work. Existing core services include design / build electrical installation, wiring, high voltage cabling, network systems and metering. OZZ Electric’s customer base includes property developers, builders, property managers and utilities across Canada.

    Zouk Partner Anthony Fox, who has joined OZZ Electric’s Board of Directors, commented on the partnership: “By consistently delivering a high level of service, OZZ Electric has established itself as one of Canada’s leading electrical contractors. I believe the company’s exceptional reputation and proven capabilities will result in a successful expansion of the renewable energy and energy efficiency units. We have a good relationship with the management team and I am pleased Zouk’s capital and expertise is able to support the company’s development into one of Canada’s leading renewable energy contractors.”

  • November 2011
    Zouk invests in va-Q-tec, a manufacturer of high performance insulation materials
  • Zouk invests in va-Q-tec, a manufacturer of high performance insulation materials
    - November 2011

    Zouk Capital LLP (“Zouk”) is pleased to announce its investment in va-Q-tec AG, a leading manufacturer of advanced insulation materials for use in consumer and industrial applications. Founded in 2000, the company is headquartered in Germany and has operations in the UK and South Korea. Zouk’s investment from its recent fund, Cleantech Europe II, will support continued development of the company’s product lines and expansion into new markets.

    va-Q-tec designs and produces vacuum insulation panels used in refrigeration, packaging, cold-chain logistics, construction and automotive applications.  The company’s patent-protected products perform up to ten times better on energy efficiency than conventional insulation materials, saving up to 80% in energy consumption. As va-Q-tec’s panels are particularly light-weight, thin and flexible they are applicable in a wide variety of industries. The company also provides heat & cool storage elements containing phase change materials which enhance insulation performance. va-Q-tec has manufacturing sites in Germany as well as service and operations sites in the UK and South Korea.

    Zouk Principal Christopher Hoffmann, who will be joining va-Q-tec’s Board of Directors, said: “va-Q-tec is an emerging leader in its industry, with highly differentiated technology, widely demanded products, and a strong management team. We are delighted to be a shareholder in va-Q-tec and to support its growth as it develops into an industrial champion.”

    Joachim Kuhn, CEO of va-Q-tec AG, said: “We are in the process of massive growth, both in Germany and abroad. As we take va-Q-tec to the next level and become an industrial player on a global scale we are also strengthening our circle of partners and shareholders. Zouk is a valuable partner to support our international growth trajectory. We look forward to working closely with the Zouk team and to benefit from the value they bring to our business.”

  • November 2011
    Zouk invests in three high-growth cleantech companies
  • Zouk invests in three high-growth cleantech companies
    - November 2011

    Zouk Capital LLP (“Zouk”) is pleased to announce three new cleantech investments totaling more than €40 million from its latest fund, Cleantech Europe II. The fund closed earlier this year at €230 million and is Europe’s largest fund dedicated to growth capital investment in cleantech companies.

    The first company, FFK Environment GmbH (“FFK”), uses proprietary technology to produce refuse-derived fuel (RDF) from multiple waste sources. This recycled fuel is a valuable method of reducing the carbon footprint of high emission industries (e.g. power and cement).  The company is well established in Germany and is the country’s largest exporter of RDF to Poland. Zouk Partner Dr Alois Flatz has joined FFK’s board to support the company’s ambitious growth strategy while maintaining its regional leadership.

    The second business, OZZ Electric Inc. (“OZZ”), is a full-service energy efficiency and electrical contractor in Canada. In partnership with OZZ Solar, the company offers commercial customers installation services for energy efficiency and solar technologies. Zouk’s investment will support OZZ’s continued growth driven through its contracting business, which is focused on solar installation, building management systems and smart meter rollout. Zouk Partner Anthony Fox joins the company’s board.

    Finally, Zouk has invested in va-Q-tec AG (“va-Q-tec”) a global leader in advanced thermal insulation. Based in Germany, va-Q-tec designs and produces vacuum insulation panels used in refrigeration, packaging, cold-chain logistics, construction and automotive applications. va-Q-tec’s products perform up to ten times better on energy efficiency than conventional insulation materials and are applicable in a wide variety of industries. Zouk’s equity and expertise will help the company to develop its product offering and continue to expand its blue chip global customer base. The addition of Christopher Hoffmann, Zouk Principal, to the board will help the company achieve this growth plan.

    Samer Salty, CEO of Zouk Capital, said:

    “We are extremely pleased with this round of investments in high growth companies for Cleantech Europe II. Waste to fuel, insulation and energy efficiency technologies play key roles in driving the transition to a global low carbon economy: FFK, OZZ and va-Q-tec are leaders in these respective sectors. Through our active management strategy, extensive industry network and sector expertise, Zouk will help FFK, OZZ and va-Q-tec to realise their full potential and expand into global markets.”

  • October 2011
    Trilliant is named in the 2011 Global Cleantech 100
  • Trilliant is named in the 2011 Global Cleantech 100
    - October 2011

    Trilliant, a global Smart Grid communications and solutions leader today announced it was named in the prestigious 2011 Global Cleantech 100, produced by Cleantech Group, a leading research firm focused on global cleantech innovation. The Global Cleantech 100 program is produced in collaboration with the UK’s Guardian News and Media.

    The Global Cleantech 100 list is unique in the sector because it highlights the promise of private clean technology companies from all around the world, focusing on those companies which are most likely to make the most significant market impact over the next 5-10 years.

    "This is the third year in a row that the Cleantech Group and the UK Guardian have recognized Trilliant for our cleantech innovation and continued leadership in making a positive impact through smart grid,” said Andy White, CEO of Trilliant. “We are proud and honoured to receive this prestigious accolade.”

    The list is derived from Cleantech Group’s own data and research combined with the weighted qualitative judgments of hundreds of nominations and the viewpoints of a global panel of 70 cleantech experts. To qualify for the list, companies must be independent, for-profit, cleantech companies that are not listed on any major stock exchange.

    “We are proud of how quickly the Global Cleantech 100 list has gained recognition as a leading resource in the cleantech sector,” said Sheeraz Haji, Cleantech Group CEO. “Stakeholders including members of the corporate community, investors, and regulators now watch the Global Cleantech 100 list closely to gauge which sectors look most promising and which companies are poised for growth.”

    4,274 companies were nominated this year from more than 45 countries. These companies were weighted and scored to create a short list of 213 companies presented to the expert panel for final input. The end result was 100 companies from 16 countries.

    The 70-strong expert panel is drawn from well-respected organisations in cleantech innovation from around the world, including leading investors in global cleantech  and from a wide variety of corporations across many different industries, such as ABB, BASF, BP, Coca-Cola Company, DuPont, GE, General Motors, Procter and Gamble, and Vestas.

    “The third Global Cleantech 100 exemplifies the best in cleantech innovation across the world,” said Richard Youngman, Managing Director, Europe & Asia, Cleantech Group and the founder of the Global Cleantech 100. “This list is based on the collective wisdom and experience of the world’s cleantech leaders and this year it truly reflects not only the most interesting companies, but also the mainstreaming of this dynamic industry.”

  • June 2011
    Zouk raises Europe’s largest dedicated clean technology fund
  • Zouk raises Europe’s largest dedicated clean technology fund
    - June 2011

    Zouk Capital LLP, formerly Zouk ventures Ltd (“Zouk”), today announces the final closing of Cleantech Europe II (“the Fund”) at €230 million, comfortably ahead of the Fund’s original target of €200 million.  Cleantech Europe II will be Europe’s largest dedicated growth equity fund in the cleantech space, a market which was worth over €70 billion in investments in 2010.

    With over €370m in funds under management and 20 investment professionals, Zouk will continue to execute on its successful dual track strategy, investing in two cleantech asset classes: expansion-stage technology companies, and renewable & environmental infrastructure. By covering both asset classes with separate funds and teams, the firm has managed to create strong synergies with regard to deal flow, market insights, and the assessment of technologies and projects.

    With Cleantech Europe II, Zouk will invest into expansion-stage businesses with the objective of building globally leading technology companies. Drawing on Zouk’s knowledge of the cleantech space, the Fund will seek investment opportunities primarily in renewable energy, energy efficiency, water and waste technologies. These markets continue to show strong growth, driven by increasing resource demand, security of supply, climate change considerations and political support.

    Target geographies for the Fund include the UK, German-speaking countries, the Nordics, France and Benelux. Investments will be managed by Zouk’s technology team which consists of 10 investment professionals with deep expertise in private equity and technology. The team includes 5 native German speakers, a strong differentiator given the region’s leadership in cleantech innovation and commercialization.

    Prior to its final closing, Cleantech Europe II has already made its first investment in Anesco, partnering with Scottish & Southern Energy to build a leading supplier of energy efficiency services in the UK.

    Zouk has demonstrated its ability to drive rapid top-line growth and create value across its portfolio even through the recent financial crisis. Notably, a partial exit from SiC Processing AG in 2010 generated one of the highest investment returns in the cleantech space in recent years.

    Despite a challenging environment for fundraising, the Fund has attracted a globally diverse institutional investor base including sovereign wealth funds, fund-of-funds, international corporations, pension funds and leading family offices.

    Samer Salty, CEO of Zouk Capital, commented:

    “Cleantech II is a real milestone for Zouk and the sector in Europe, and I am delighted that we have completed such a successful fundraising. The scale of this fund creates a game-changing opportunity to support companies and to let our investors benefit from the impressive growth in cleantech. The strong demand we have seen from investors is testament to their confidence in the cleantech market and to the credentials of our investment team. We now look to executing the exciting deals we have in our pipeline, helping these companies to realise their full potential and to generate strong returns on investment.”



    About Zouk Capital LLP

    Zouk Capital, formerly Zouk ventures Ltd, is an independent London-based private equity fund manager with a focus on the European cleantech market. Zouk’s goal is to create sustainable long term returns by building strong companies and projects with tangible financial and environmental value. Zouk specifically invests in two areas of this growth market: clean technology companies and renewable and environmental infrastructure. Currently Zouk manages three cleantech-focused funds: two expansion-stage private equity funds investing in clean technology companies; and a renewable infrastructure fund focused on solar project development. Zouk’s investment teams consist of professionals with a diverse experience base, including private equity, engineering, corporate management, investment banking and consultancy.



    Brunswick Group

    London - Natalia Erikssen, Max McGahan

    +44 (0)20 7404 5959

    Frankfurt - Alexa Von Wietzlow

    +49 (69) 24 00 55 59


    Zouk Capital

    Philip Tomlin, Investor Relations

    +44 (0)20 7947 3421


  • December 2010
    Zouk and Scottish and Southern Energy join forces to build an energy efficiency solutions company, Anesco
  • Zouk and Scottish and Southern Energy join forces to build an energy efficiency solutions company, Anesco
    - December 2010

    Clean technology investor Zouk Ventures (“Zouk”) is pleased to announce that it is partnering with UK power utility Scottish and Southern Energy (“SSE”) to build an energy efficiency and micro-generation solutions company in the UK named Anesco (“the company”). Zouk and SSE will be co-lead investors in the deal and will each take a Board seat in the company. Zouk and SSE believe that Anesco will be well placed to exploit the strong regulatory and governmental support that exists in the UK for the shift to a low carbon, energy-secure economy. Initiatives such as the Clean Energy Cash Back, Renewable Heat Incentive and the recently announced Green Deal have created an enormous opportunity for specialists in this sector.

    Anesco will support the UK’s shift towards a low carbon economy by providing energy efficiency and micro-generation solutions to domestic and commercial customers. These solutions will cover a broad range of technologies and areas, including solar power, renewable heating, insulation, as well as other energy efficiency measures, including lighting and building energy management systems. In addition, Anesco will also provide energy services to businesses, including energy efficiency consultancy and a range of ongoing energy monitoring solutions.

    The company will bring with it elements of SSE’s existing renewables and contracting business and will be managed by an experienced and proven management team, recruited from within SSE. Adrian Pike and Tim Payne will take up the positions of CEO and COO respectively. Building on its current position, the company will leverage zouk’s network and access to technology providers as well as SSE’s eminent green implementation track record to rapidly grow the business and gain a dominant position in the energy efficiency market in the UK.

    Alistair Philips-David, Board Director at of SSE, said:

    “SSE is committed to making a sizeable contribution to the UK’s national goals of reducing carbon footprint through increased use of renewable energy and energy efficiency technologies. We are delighted that zouk, who we view as a leading investor in the clean technologies space, will be partnering with SSE to build Anesco. We hope the partnership will allow us to bring the latest technologies and best solutions to our customers. We are confident that the combination of a strong management team and the close support of both zouk and SSE, Anesco can move quickly to become a market leader in the fast-growing energy efficiency sector.”

    Samer Salty, CEO of zouk and board member of Anesco, commented:

    “Everyone at zouk is delighted to be partnering with SSE in this exciting company. Commercial and domestic demand for energy efficiency solutions will increase dramatically over the coming years, creating a market in the billions per year from the strong support by the UK government and regulators. We are proud to partner with such an established player and this deal is a true recognition of our leadership and expertise in cleantech. Anesco, with its highly experienced team and clear early mover advantage in a market with a huge potential, gives us confidence that we can generate a very attractive return for our investors.”

  • November 2010
    EDB Investments of Singapore invests in Triton Water, accelerating its expansion plans in Asia
  • EDB Investments of Singapore invests in Triton Water, accelerating its expansion plans in Asia
    - November 2010

    Triton Water AG (“Triton”) has announced that EDB Investments (“EDBI”) of Singapore is investing in Triton, the leading provider of complete water-cycle industrial and maritime water treatment solutions, backed by zouk ventures. EDBI has acquired a stake in Triton, based in Norderstedt, Germany, and will also get a seat on the company’s supervisory board. Also joining the round was Wölbern Private Equity GmbH, through its cleantech fund, as second largest investor in this round, also represented on the supervisory board. Triton offers its clients, which include major industrial and maritime players such as Airbus, Philips, SiC Processing and Hapag Lloyd, a unique one-stop shop for their water requirements. The investment will support Triton’s strategy to establish a presence in Southeast Asia. This region represents an important opportunity to drive sustainable and profitable growth. One of the many opportunities that this region will offer Triton is the chance to work with global partners to develop applications for its cutting-edge new product, CompEx, a rubber powder solution that separates oil from water and could become a game-changing tool in response to offshore oil spills as well as many other industrial applications.

    Frank J. Kroll, CEO of Triton Water AG and former European Head of Siemens Water, hailed EDBI’s investment as a major milestone in the company’s international expansion plans:

    “EDBI’s investment is an important step in Triton’s strategy of expanding the company’s activities overseas, in particular into Southeast Asia. Securing a partner of EDBI’s calibre, which has a strategic focus on the clean technology sector, is testament to Triton’s industry-leading status in water treatment. EDBI’s decision to invest in our business is particularly pleasing given the strategic importance of Singapore as a hub for development of water technologies and as a dynamic business centre that is home to many large and fast growing companies. We look forward to working closely with EDBI to seize the exciting opportunities for our business in Singapore and the wider region.”

    Chu Swee-Yeok, CEO of EDBI, commented:

    “Triton’s presence as a leading global industrial and maritime water player will strengthen the fast growing base of water technologies and solutions companies in Singapore. We look forward to working closely with Triton to drive its growth strategies for Asia, and leveraging on our extensive networks to execute the company’s Asian plans with Singapore as its headquarters for business and industrial research on new product applications.”

    Felix von Schubert, member of Triton’s supervisory board and co-founder of zouk ventures, the principal investor in Triton, also welcomed EDBI’s investment:

    “The fact that such a respected investor has decided to acquire a stake in Triton is credit to the progress the company has made over the last two years. It also demonstrates the value that zouk adds to its portfolio companies, in this case by leveraging our presence and network in Singapore. Triton’s expansion into Southeast Asia is an important element of the company’s growth strategy. The partnership with EDBI, along with the substantial investment by Wölbern Private Equity, will help to underpin this next stage of Triton’s development.”

    Philip Frerichs, Managing Director of Wölbern Private Equity, commented:

    “Through its ProKlima fund, Wölbern Private Equity is committed to selecting the most attractive cleantech investments for its investors. Triton is a prime example of best-in-class home-grown German technology on the verge of major international expansion, a perfect fit for our investment strategy. We are excited to be working alongside EDBI and zouk in bringing this company to the next level.”

  • July 2010
    Trilliant Inc, a zouk portfolio company, raises $106 million in equity funding round
  • Trilliant Inc, a zouk portfolio company, raises $106 million in equity funding round
    - July 2010

    zouk ventures is pleased to announce the completion of a $106 million funding round held by its portfolio company, Trilliant Inc, a leader in delivering Smart Grid solutions. The round was led by two highly-respected financial investors, Investor Growth Capital and VantagePoint Venture Partners. In addition, General Electric and ABB, a European power technology group, joined the round as strategic industrial investors. As an existing investor, zouk has continued to support the company strategically and financially.

    "We are delighted to welcome such an influential group of investors to Trilliant", said Anthony Fox, Trilliant Board member and the zouk Partner responsible for the investment. "Such a combination of financial and strategic investors will continue to strengthen Trilliant’s position as one of the pre-eminent players in the Smart Grid market."

     "Our new investors represent some of the largest and most trusted companies in the utility industry," said Andy White, President and CEO of Trilliant.  "Their combined industry experience, financial strength, and global footprint will provide us with the resources to expand our Smart Grid solutions across North America and to a global marketplace.  The strength and caliber of our partners will give current and future customers confidence that they have chosen a long-term market leader."

    Trilliant will use the financing and strategic relationships to fund Trilliant's product development and continued international growth. Recently, the company won a contract to build a $200 million smart-meter system for the 610,000 customers of Central Maine Power Co, an Iberdrola USA company. In Europe, Trilliant leveraged zouk’s regional knowledge and networks to win the first Smart Grid contract in the UK with Centrica (British Gas) in October 2009. With over 200 utility customers, including Hydro One in Ontario, Canada, Trilliant has developed of the largest Smart Grid installations in the world.

  • August 2010
    zouk sells stake in SiC Processing AG
  • zouk sells stake in SiC Processing AG
    - August 2010

    zouk ventures (“zouk”) is pleased to announce the completion of its partial exit from SiC Processing AG (“SiC Processing”), a leading supplier of wire-saw slurry used in silicon wafer production for solar photovoltaic cells. The exit results from the recent acquisition of 70% of SiC Processing by Nordic Capital Fund VII (“Nordic Capital”). The acquisition of SiC Processing by Nordic Capital is one of the largest European cleantech transactions to have been executed over the last two years.

    Having led the company’s €53 million growth capital investment round in October 2007, zouk has sold 5.7% of its shareholding at a return multiple which strongly validates its European growth capital investment strategy. As a testament to zouk’s confidence in the company’s potential and the quality of its management team, zouk has retained a stake of 5% in order to benefit from an expected future upside.

    SiC Processing is headquartered in Hirschau, Germany and has production facilities in Germany, Norway, Italy, China and the USA. The company generates over 90% of revenues from customers in photovoltaic wafer manufacturing, but also serves major manufacturers in the semiconductor industry.

    The initial funding round in October 2007 provided the company with the capital and resources to drive an international expansion programme and triple processing capacity. As a result, the company was able to realize its true potential: revenue increased at 58% CAGR from €24 million in 2006 to €150 million (expected) in 2010. Nordic Capital’s acquisition represents the next stage in the company’s development which will see the company continue its strong growth trajectory and cement its position as the global market leader for slurry recycling.

    “The realisation of SiC Processing is a great success story for zouk and the Cleantech Europe I investors, providing a clear demonstration of the returns that can be generated by zouk’s cleantech investment strategy,” said Dr. Alois Flatz, Partner at zouk.  “It is also a great example of how value can be created through an active investment approach coupled with a strong and trusting business partnership.”

    Thomas Heckmann, CEO and Founder of SiC Processing stated, “zouk has proved to be an excellent strategic investor and exactly the partner we required to build SiC Processing into the global market leader it is today. From the very beginning our objectives were aligned, and there was always a strong cultural proximity between zouk’s team and ours. zouk’s active investment management approach provided a valuable resource to SiC Processing and positions them as a strong partner and investor for the German Mittelstand.”

    Dr. Sönke Bästlein, Partner at Nordic Capital in Frankfurt, added, “We are impressed by what the management team at SiC Processing has achieved over three years in partnership with the zouk-led syndicate of investors. We see great potential in continuing this trajectory and are delighted to be supporting the company on the execution of its expansion pipeline. We will be working closely with the management team to further strengthen SiC Processing’s position as a leading supplier to the solar wafer manufacturing industry.”

    For further information, please contact:

    Patrick Shuttleworth

    Investor Relations, zouk ventures ltd

    +44 (0) 20 7947 3400

  • October 2009
    zouk organises electric-mobility financing workshop at eCarTec Munich
  • zouk organises electric-mobility financing workshop at eCarTec Munich
    - October 2009

    zouk ventures ltd is proud to announce its involvement in the organisation of Munich’s eCarTec trade fair in October 2009. eCarTec is the world’s first trade show to focus exclusively on electric mobility. Bringing together technology startups and automotive OEMs, investors and regulators, service providers and the general public, the show aims to provide a holistic view of the present and future of the electric mobility sector.

    Drawing from its experiences in financing both technologies and infrastructure in the cleantech space, zouk has worked closely with the organisers of eCarTec to develop a workshop on financing electric mobility. The workshop comprises of two specialist panels, one on venture capital technology funding and one on infrastructure funding, and a showcase session for emerging e-mobility companies. A high quality and diverse roster of speakers has been assembled for the event to provide maximum insight into the sector and its financing requirements over the coming years. The keynote speaker, Gherardo Corsini of GM Europe, is responsible for the development of the next generation of electric cars, the Chevrolet Volt and the Opel Ampera.

    Alois Flatz, Partner at zouk, stated, “We see great potential in the growth market of electric-mobility. In creating the eCarTec financing workshop, zouk strengthens its position as one of Europe’s leading cleantech investors, and importantly, one prepared to take a stance. In enabling relevant minds in private finance and entrepreneurship to voice their opinions at the workshop, we aim to accelerate the development of this key sector to parity with conventional mobility systems.”

    About eCarTec Munich

    eCarTec will be held at the New Munich Trade Fair Centre and will present electric vehicles, storage technology, drive and engine technology. It also deals with the topics of energy, infrastructure and financing. A training area for latest electric vehicles is also included. The trade fair focuses on a specialist audience, including decision makers from business and politics. Moreover, the eCarTec Award will be granted in five categories for the first time: The organizers seek to award the most innovative and promising projects, products or technologies from the field of electromobility.

    About zouk ventures

    Founded in 1999, zouk ventures is a London based investment manager focusing on expansion stage capital in cleantech markets as well as renewable and environmental infrastructure opportunities. zouk currently manages three technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Ltd. zouk has been a leading investor in the carbon market for over seven years and is a founding member of the Cleantech Venture Network in Europe. For more information please visit

  • September 2009
    Four of zouk’s Cleantech Europe LP portfolio named in Guardian & Cleantech Network Global Cleantech 100 clean technology companies
  • Four of zouk’s Cleantech Europe LP portfolio named in Guardian & Cleantech Network Global Cleantech 100 clean technology companies
    - September 2009

    SiC Processing, Trilliant, Solarcentury and Sulfurcell Solartechnik, four of eight companies in the Cleantech Europe LP portfolio, ranked in the top 100 global cleantech companies by Guardian News and Media and Cleantech Group™, LLC, in recognition of their potential and likelihood to achieve high growth and high market impact. The Global Cleantech 100 is the first ever list highlighting the most promising private clean technology companies around the world. Supported by the Carbon Trust, the Global Cleantech 100 recognises companies at the forefront of cleantech innovation offering solutions to some of the world’s most pressing environmental challenges.

    The final list represents the collective opinion of hundreds of leading experts from cleantech innovation and venture capital companies in EMEA, North America, India and China, combined with the specific input of an expert panel of 35, drawn from well-respected organisations such as Altira Group, Crossover Advisors, Deloitte, Emerald Technology Ventures, Google, Kleiner Perkins Caulfield & Byers, New York Stock Exchange, NGEN Partners, Nth Power, New Enterprise Associates, Sterling Communications, Tsing Capital, Vantage Point Venture Partners and zouk ventures.

    The panel’s views were combined with insights from the Cleantech Network™, the de facto industry association of international clean technology investors,entrepreneurs, large corporations and other industry insiders. Some 3,500 companies were nominated/considered.

    “The first ever Global Cleantech 100 shines a spotlight on which companies and which technology areas the global innovation community is most excited about from a commercial standpoint,” said Richard Youngman, managing partner at Cleantech Group.

    The full list of Global Cleantech 100 firms is available on the Guardian ( and Cleantech Group ( websites.
    About the Cleantech Group, LLC

    The Cleantech Group pioneered the clean technology investment category in 2002. Today, it accelerates the development and market adoption of clean technologies globally. The company’s worldwide network of investors, entrepreneurs, enterprises, service providers and other —representing trillions of dollars in assets—receives access to capital, investment deal flow, networking, market leading research and data, sales leads and promotional opportunities. The Cleantech Group also provides advisory services for large corporations and governments, publishes leading cleantech sector industry news coverage and produces the premier Cleantech Forum® events worldwide. Details are available at
    About the Guardian

    The Guardian is a unique voice with an international reach delivering progressive journalism to a global audience. The Guardian's vision is to be the leader on sustainability within the media industry and to be environmentally regenerative in their activities. Through their editorial coverage and business activities, they demonstrate to readers, staff, advertisers, suppliers and their communities that GNM (Guardian News and Media) is committed to enhancing society's ability to build a sustainable future.
    About zouk ventures

    Founded in 1999, zouk ventures is a London based investment manager focusing on expansion stage capital in cleantech markets as well as renewable and environmental infrastructure opportunities. zouk currently manages three technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Ltd. zouk has been a leading investor in the carbon market for over seven years and is a founding member of the Cleantech Venture Network in Europe. For more information please visit
    For further information please contact:

    Philip Tomlin, Investor Relations
    +44 (0)20 7947 3421

  • February 2009
    zouk leads €10m financing round in Triton-Format AG, a leading water solutions company, to fund further organic growth and continue its successful buy-and-build strategy
  • zouk leads €10m financing round in Triton-Format AG, a leading water solutions company, to fund further organic growth and continue its successful buy-and-build strategy
    - February 2009

    Triton Format AG ('Triton'), a leading water solutions company, today announces the completion of a EUR 10.4 million round of financing to fund further organic growth and continue its successful buy-and-build strategy. The round was led by zouk ventures ltd ('zouk'), a European cleantech investor, and was joined by Meidlinger Partners, LLC ('Meidlinger'), a US based investor with a strong background in the water industry, and by senior management.

    Triton is a leading provider of water solutions for the maritime, industrial and small municipal sectors. The company designs, assembles and installs water treatment modules ranging from low-energy desalination, to water management and waste water systems. Triton’s best-of-breed technologies help customers improve the economics and efficiency of core industrial production processes, and comply with tightening environmental constraints in increasingly water distressed areas. With its recent acquisitions in the maritime and industrial sectors, Triton has established an integrated water technology platform aimed at serving its customers across the entire water cycle. Triton serves clients in Europe, the Middle East, the USA and China.

    In conjunction with this investment, Triton also announces the appointment of Dr. Hartmut Kacirek, CEO of the Triton subsidiary WAT GmbH, to Triton’s executive management team as Chief Technical Officer (CTO). In addition, Professor Alexander Zehnder and Felix von Schubert will join the company’s Supervisory Board. Professor Zehnder is a globally recognized water expert with decades of academic and applied experience in the water sector. He is also a member of zouk’s cleantech Industry Advisory Group. Felix von Schubert is a Partner at zouk.

    Dr. Kacirek and Dr. Thomas Zubke-von Thünen, members of Triton’s executive management team, commented: 'We are delighted with the commitment from our new investors and are keen to leverage their experience in building a world-class water company. This funding round will enable us to continue our buy-and-build strategy and become a leader in the fragmented water market.'

    'Triton is a very exciting addition to zouk’s cleantech portfolio,' said Felix von Schubert. 'zouk invested in Triton because we see significant growth potential for small and medium-sized water treatment and water efficiency systems. Triton has the right scalable platform to tackle a large underlying market. This is an impressive company and we look forward to working closely with the team.'

    Professor Zehnder said: 'Triton combines a highly valuable set of technical capabilities that clearly addresses customer needs in multiple industries. From what I have seen in the water space, this company clearly stands out has having a unique and promising growth strategy.'

    'Triton presents an exciting opportunity in the water sector, and we are pleased to partner with zouk, a leading European cleantech investor, in this investment,' said Kevin Brophy, partner at Meidlinger. 'We look forward to actively supporting Triton’s international expansion efforts, especially since Triton's strategy aligns perfectly with our mission to promote a more sustainable environment and economy.'

    About Triton Format

    Founded in 1851, Triton-Format AG is a German water technology and solutions firm based in Norderstedt/Hamburg. The company has established a strong brand in the maritime sector and has recently expanded its capabilities to land-based applications. Today, Triton serves a diversified group of customers in the maritime and industrial sectors as well as small communities and resorts. Hallmark projects include sustainable solutions developed for Airbus Industries, SeaCloud Cruises and SiC Processing. For more information please visit

    About zouk ventures

    Founded in 1999, zouk ventures is a London based investment manager focusing on expansion stage capital in cleantech markets as well as renewable and environmental infrastructure opportunities. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Ltd. zouk has been a leading investor in the carbon market for over nine years and is a founding member of the Cleantech Venture Network in Europe. For more information please visit

    About Meidlinger Partners

    Founded in 2008, Meidlinger Partners, LLC is a Philadelphia based private equity investment firm dedicated to capitalizing businesses that will make a meaningful contribution towards a more sustainable environment and economy. With expertise in the water and cleantech sectors, Meidlinger’s first fund, the Meidlinger Partners Sustainable Investments, LP, invests in and partners with businesses that are positioned to provide real solutions to the world’s growing water, energy and environmental challenges. For more information please visit

    For further information please contact:

    Dr. Thomas Zubke-von Thünen
    +49 40 413 6155 53

    zouk ventures
    Felix von Schubert
    +44 20 7947 3400

    Meidlinger Partners
    Kevin M. Brophy
    +1 610 551 7688

  • August 2008
    Trilliant Incorporated secures $40m equity financing from MissionPoint Capital Partners and zouk ventures
  • Trilliant Incorporated secures $40m equity financing from MissionPoint Capital Partners and zouk ventures
    - August 2008

    Trilliant Incorporated, a leader in delivering intelligent network solutions that form the nervous system of the Smart Grid, today announced that it has closed a $40 million equity investment from an affiliate of MissionPoint Capital Partners and zouk ventures. MissionPoint and zouk are leading international investors in the low-carbon and clean energy markets. The proceeds from the financing, which was led by MissionPoint, will be used to accelerate Trilliant's continued growth and market expansion globally. This investment represents one of the largest investments to date in an independent Smart Grid technology provider, reflecting Trilliant’s position as a leading provider of Smart Grid communication infrastructure that enables major improvements in energy efficiency and grid reliability, while giving utilities the ability to provide new services and empower customer choice.

    In conjunction with this investment, Trilliant also announced the appointment of Mark J. Lewis and Anthony Fox to its Board of Directors.  Mr. Lewis is currently a Managing Director with MissionPoint and has close to 20 years of experience in the global energy industry.  Anthony Fox is a Partner at zouk ventures.

    'We are extremely pleased to be working alongside Trilliant as it helps its customers build out the Smart Grid,' said Mark Lewis, Managing Director at MissionPoint.  'When you look at Trilliant's years of experience successfully developing and delivering advanced Smart Grid technology solutions as well as the quality and breadth of its offerings, it’s clear that Trilliant is a leader in this industry.  With this investment Trilliant is set to build upon its already impressive accomplishments both in North America and in key international markets.'

    For more than twenty years, Trilliant has been delivering innovative products, services and solutions that provide utility customers with advanced energy management capabilities.  Today, Trilliant products and services form the core infrastructure of the Smart Grid, the critical communication system that enables intelligent sensing, communication, and control of utility system elements.  More than 100 utilities have benefitted from Trilliant's expertise over the years, and many of these utilities are currently partnering with Trilliant today to deploy Smart Grid infrastructure and solutions.

    'Trilliant is unmatched in combining innovation with practical experience drawn from deep roots in the energy industry,' said Anthony Fox, Partner at zouk ventures.  'This is precisely the combination of skills required to grow the Smart Grid and specifically why we chose to invest in Trilliant.  We look forward to working with Trilliant as it develops its global presence in the Smart Grid market.'

    Announcement of this financing follows several notable achievements by Trilliant in recent months:

        Trilliant has now delivered more than 750,000 intelligent devices with integrated communications supporting advanced metering, demand response and other Smart Grid applications

        Trilliant, along with its partners, Capgemini, GE and Motorola, was recently recognized at the annual Edison Electric Institute Conference for the completion of major project milestones in the 1.3 million meter Hydro One deployment, one of the largest ongoing advanced metering deployments in North America

        Trilliant has also recently announced a strategic relationship with Advanced Innovations Ltd. to support global Smart Grid initiatives.  The announcement was made in conjunction with a visit to the U.S. by Ireland Taoiseach Mr. Brian Cowen

    'We are honored to have MissionPoint and zouk join us in our efforts to deliver Smart Grid solutions to the global utility industry,' said Bill Vogel, CEO of Trilliant.  'Trilliant has a very ambitious goal.  We intend to be the leading provider of advanced Smart Grid solutions globally, helping utilities upgrade and modernize their network infrastructure and expand their energy management capabilities with best-in-class, flexible, robust solutions and service.  Our partnership with MissionPoint and zouk significantly accelerates that goal.'
    About Trilliant Incorporated

    Trilliant is a leader in delivering intelligent networks that enable the transition to the Smart Grid.  Trilliant offers a combination of hardware, software and services that serve as the nervous system of the Smart Grid.  Since its founding in 1985, the company has been a leading innovator in the delivery and implementation of advanced metering infrastructure (AMI), demand response, and grid management solutions.  Trilliant also offers installation, program management and meter revenue cycle services.  Trilliant focuses on providing an array of flexible and robust options for utility companies, ranging from meter, network and IT infrastructures to full or hybrid outsource models.  Trilliant has more than 100 utility customers including Duke Energy, E.ON US (Louisville Gas & Electric), Hydro One, Hydro Quebec, Jamaica Public Service Company Limited, Milton Hydro, Northeast Utilities, PowerStream, Public Service Electric & Gas, San Diego Gas & Electric, Toronto Hydro Electric System Ltd., and Union Gas.  The company is privately owned.  For more information please visit
    About MissionPoint Capital Partners

    MissionPoint Capital Partners is a leading international private investment firm focused on financing the global transition to a low-carbon economy.  MissionPoint provides growth capital to energy, industrial and financial services companies that enable cleaner, more environmentally-friendly energy, transportation and industrial infrastructure.  MissionPoint’s portfolio of companies are focused on transforming the way business is conducted in the face of a rising demand for cleaner, more efficient generation and use of energy across all sectors of the global economy.  For more information please visit
    About zouk ventures

    Founded in 1999, zouk ventures is a London based investment manager focusing on expansion stage capital in cleantech markets as well as renewable and environmental infrastructure opportunities.  zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Ltd.  zouk has been a leading investor in the carbon market for over seven years and is a founding member of the Cleantech Venture Network in Europe.  For more information please visit
    For further information please contact:

    Philip Tomlin, Investor Relations
    +44 (0)20 7947 3421

  • July 2008
    zouk's Cleantech Europe fund increases its shareholding in Orb Energy
  • zouk's Cleantech Europe fund increases its shareholding in Orb Energy
    - July 2008

    zouk today announced that Cleantech Europe, a technology fund managed by the firm, has agreed to increase its shareholding in Orb Energy (“Orb”) by purchasing shares held by Renewable Capital. Samer Salty, CEO of zouk said: “Orb has managed growth extremely well and is fast becoming a major player in the region. We believe the company has the right team, strategy and delivery model to tackle this very large market opportunity.”

    Orb CEO Damian Miller commented: “We welcome zouk's move to increase their shareholding in Orb and appreciate the vote of confidence this represents. zouk was an early investor in Orb and has contributed to our early growth and success.”

    Orb has already built a strong presence in India. In just over one year, the company has established 40 branches throughout the state of Karnataka. By the end of the year it is targeting 60-70 branches. At an Orb branch, customers can purchase solar photovoltaic systems for back-up power, solar thermal systems for hot water, and a range of solar lighting solutions. Orb also helps customers arrange a loan and provides long-term service.
    About zouk

    Founded in 1999, zouk is a London based investment manager focusing on Cleantech as well as renewable and environmental infrastructure. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Limited. For further information please visit
    About Orb Energy

    Orb’s sales and assembly operations are headquartered in Bangalore, India. Orb's main activities are product development, assembly, sales, marketing, installation and servicing of solar systems through a network of branches and dealers.
    For further information please contact:

    Philip Tomlin, Investor Relations
    +44 (0)20 7947 3421

  • July 2008
    zouk invests in Sulfurcell, a leading German producer of thin film solar PV modules
  • zouk invests in Sulfurcell, a leading German producer of thin film solar PV modules
    - July 2008

    Sulfurcell, a global leader in the development and manufacture of copper indium gallium sulphide/selenide (“CIS”/”CIGSE”) photovoltaics (“PV”), today announced it has secured EUR 85 million (USD 135M) equity funding for a significant expansion of its manufacturing capacity with a new plant in Berlin for CIS/CIGSe based thin-film solar modules. The new plant will have an annual capacity of 75 MW with an intermediate expansion to 35 MW. With this significant financing Sulfurcell will transfer its proprietary production technology, developed in its pilot plant, into mass production. The round will also fund Sulfurcell’s long-term development projects.

    The round was led by Intel Capital, the global investment arm of Intel Corporation, which invested EUR 24M (USD 38M) and co-led by Climate Change Capital Private Equity with an investment of EUR 12M (USD 19M). Both investors were joined by a group of leading European Cleantech investors, zouk ventures (London), AIG Investments (Zurich), DEMETER (Paris) and BankInvest Group (Copenhagen). In addition, existing investors BEU Berliner Energie Umweltfonds GbR (a joint venture of Vattenfall Europe and Gaz de France), Vattenfall Europe Venture GmbH, Ventegis Capital AG, Masdar Clean Tech Investments Ltd. (New York), IBB Beteiligungsgesellschaft mbH, and other individual investors participated in the financing round. EquityGate AG, Wiesbaden, acted as sole advisor to Sulfurcell in the equity and debt raising processes.

    Dr. Nikolaus Meyer, CEO Sulfurcell, said: “This funding round constitutes a major milestone for Sulfurcell towards our goal of becoming a global leader in the CIS/CIGSe thin-film PV field. During its three years of operation, Sulfurcell’s current pilot production line has been successfully ramped to volume and reached a high level of maturity along all key process indicators including module power, throughput and yield.”

    “With our aesthetically outstanding product and our manufacturing technology now ready for large-scale commercial roll-out, we have laid a solid foundation for an aggressive growth strategy”, said Meyer. “The capacity expansion to 75 MW annual production volume will enable us to respond to the rapidly increasing demand from our customers in all market segments and to deliver on the promise of CIS/CIGSe thin-film PV technologies.”

    “Our investment in Sulfurcell confirms zouk’s strategy of investing in leading technology companies along the solar value chain. In addition to our clean technology funds, we have recently launched a solar project finance fund and expect to build on strong synergies with this new investment to create one of the leading thin film companies.” said Felix von Schubert, Partner at zouk ventures.

    “Sulfurcell is a very exciting addition to Intel Capital’s global portfolio,” said Heiko von Dewitz, Investment Director of Intel Capital’s clean tech investments in Europe and Israel. “Intel Capital invested in Sulfurcell because both CIS and CIGSe thin-film PV have demonstrated potential for high conversion efficiencies, providing opportunities for further reductions in cost per watt, and enable emerging applications such as BIPV (‘building integrated photovoltaics’). Sulfurcell’s capacity expansion into high volume production will help with broader market adoption.”

  • May 2008
    Zooplus goes public on Frankfurt Stock Exchange
  • Zooplus goes public on Frankfurt Stock Exchange
    - May 2008

    Zooplus AG, a leading internet supplier for pet products in Europe (food and accessories), went public today. The Listing took place on the Entry Standard, part of the Frankfurt Stock Exchange. Zooplus was founded in 1999. In the last financial year (2007) the company’s turnover was €55.4m, an increase of more than 40% on the average for each of the last 3 years. Zooplus generated net income of €626k in 2007 and employed 51 people. So far, the company’s business model has been successfully introduced to 13 countries, including Germany, UK, France, Benelux and Austria.

    The product range is mainly based around pet food as well as accessories. In addition to the range of 7,000 products, Zooplus offers an online vet consultation service and community forum, Zooclub, where likeminded people can chat about their experiences and ask pet related questions.
    Pet products are a very important market segment in the European retail industry. In 2006, pet food and pet accessories generated approximately €17bn of sales.

    Dr Cornelius Patt, CEO and co- founder of Zooplus, commented on the IPO: “In 1999, Zooplus was just an attempt to see whether it was possible to sell pet food online, directly to the customer. Now, we are making revenues of more than €50m. We are a very strong, fast growing player, with sustained success and ambitious plans for expansion. Therefore, going public was a logical move for us, raising awareness of Zooplus’ success to higher levels.”

    Felix von Schubert, Partner at zouk ventures and non-executive Chairman of Zooplus explained: “It is great to support an investment from business plan stage to IPO. The team at Zooplus have done very well in developing the company into Europe’s leading specialist internet retailer. It is the consequent use of technology in all aspects of the business that has helped the team in creating such a rapidly growing and profitable company.”

    Zooplus AG

    Zooplus AG is Europe's largest internet retailer specialising in high quality pet food and pet accessories. The company is active in over 13 countries and has achieved market leadership through intelligent marketing, continuous focus on operational execution, and a state-of-the-art logistics system.
    For further information please visit

    For further information:

    zouk ventures limited
    Philip Tomlin
    Investor Relations
    +44 (0)20 7947 3421

  • April 2008
    Market leader in energy-efficient wireless communication solutions attracts investment for its global expansion strategy from international investor syndicate
  • Market leader in energy-efficient wireless communication solutions attracts investment for its global expansion strategy from international investor syndicate
    - April 2008

    Nanotron Technologies, the leading provider of energy-efficient location-aware wireless solutions, today announced it has completed the funding round led by London-based Cleantech investor zouk ventures ltd and DEWB. zouk and DEWB invest alongside Nanotron's other investors, consisting of Polytechnos, Danfoss, and IBB Beteiligungsgesellschaft - VC Fonds Berlin. The executive management team also participated in the funding round. The new investment will allow Nanotron to continue its aggressive international growth.

    The company will use the funding to further increase market share and customer adoption of its chirp-based energy-efficient wireless solutions. Sales and marketing presence will expand in growing international markets, aiming to capitalize on its current success within the key sectors of mobile, consumer, manufacturing, logistics and healthcare. Furthermore, the new capital will support product development, continuing the company's track record for innovation.

    Commenting on their first major new investment for three years, Bertram Köhler, Member of the DEWB Management Board, and said “With Nanotron's unique and patented technology, its success in standardization backed by a highly experienced management team, there is significant potential for Nanotron to gain a disproportionate benefit from the growth in the market for wireless communication and location. The fact that Nanotron has successfully attracted high-profile key clients demonstrates the value of this investment decision,” stated Köhler, who joins the Nanotron Board of Directors.

    “With its superior reliability and precision compared to other technologies, and the much lower energy consumption of the transmission method, even in harsh radio environments, Nanotron's system offers a wide range of potential uses,” explains Felix von Schubert, Partner at zouk ventures and member of the Nanotron Board of Directors. He went on to add: “Whether it's an industrial application for container or asset tracking, modern traffic control systems or applications for the integration of intelligent energy meters, the fast and straightforward assembly of the necessary infrastructure enables users to implement these networks on an ad-hoc basis in accordance with the “plug & play” principle.”

    “We are particularly pleased with this investment from DEWB alongside our existing partners as this vindicates the strength of our business proposition,” says Dr. Jens N. Albers, Nanotron's CEO. “DEWB's experience will enable us to expand and capitalize on our growing international customer base.”
    For further information:

    zouk ventures limited
    Philip Tomlin - Investor Relations
    +44 (0)20 7947 3421
    About zouk

    Founded in 1999, zouk is a London based investment manager focusing on Cleantech as well as renewable and environmental infrastructure. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Limited. For further information please visit
    About Nanotron Technologies

    Nanotron Technologies is a leader and innovator in the design, manufacturing and sales of world-class wireless products for manufacturing, logistics and healthcare applications. These products include integrated circuits, modules, and board level subsystems based on its patented Chirp transmission system. Chirp technology guarantees high robustness and ultra-low energy consumption. Nanotron's Chirp technology is part of the IEEE 802.15.4a standard for wireless PANs. The company's key product, nanoLOC, works in the license-free ISM band at 2.4 GHz, and was developed for the booming RTLS, sensor networking and industrial control markets. Nanotron Technologies was founded in 1991 and is an active member of IEEE, ISO, EPC-Global and the ZigBee alliance. The company is headquartered in Berlin, Germany.

  • August 2007
    zouk ventures Cleantech Europe fund leads €13.5 million financing round in Solarcentury, a leading supplier of solar electric and thermal technology
  • zouk ventures Cleantech Europe fund leads €13.5 million financing round in Solarcentury, a leading supplier of solar electric and thermal technology
    - August 2007

    Solarcentury Holdings Limited (“Solarcentury” or “the Company”) today announces the completion of a £13.5m round of financing to fund its product development and international expansion strategy. The round was led by zouk ventures, a European Cleantech investor, and co-led by Good Energies, a global investor in renewable energy. Additional investors are Vantania Holdings Limited (advised by the Consensus Business Group) and Foursome Investments, along with participation by existing investors VantagePoint Venture Partners and Scottish and Southern Energy.

    Established in 1999, Solarcentury is a leading provider of a range of award winning proprietary and third party photovoltaic (PV) and solar thermal products to commercial, residential and public sector customers in the UK and other European countries, focusing on building integrated product solutions. The Company maintains a strong network of distributors and installers while successfully working with large building contractors and property developers.

    Jeremy Leggett, founder and CEO of Solarcentury, commented, “We are delighted with the commitment from our new investors, who are leading institutions in the solar and clean technology sectors. Their expertise will be a valuable contribution to Solarcentury’s development and growth. This new investment further strengthens our position as a leader in building integrated solar products.”

    Samer Salty, CEO of zouk ventures, said, “Solarcentury has an impressive track record in the UK solar market and we are excited about the prospect of further European expansion. Favourable market conditions, supportive legislation and early sales successes have signaled that now is the time to push further into international markets. The Company’s experienced management team is well positioned to capture the fast growing building integrated solar opportunity and we look forward to working with them”. zouk’s investment in Solarcentury further builds its portfolio of leading European Cleantech companies.

    “With this investment round Solarcentury will take the next steps towards European expansion. We are a proud investor in one of the future leaders in the downstream solar PV business in Europe”, Sven Hansen, Chief Investment Officer of Good Energies said. Good Energies’ investment in Solarcentury is an important step in strengthening its downstream portfolio in photovoltaics.

    For further information:

    Charlotte Webster +44 (0) 207 803 1148, + 44 (0) 7990 583307

    zouk ventures
    Philip Tomlin - Investor Relations +44 (0)20 7947 3421

    Good Energies
    Dr. Alexander W. Rohde +41 41 560 66 60

    Consensus Business Group
    Wayne Keast +44 (0) 207 355 7804

    Foursome Investments
    Iyad Omari +44 207 833 0555
    Solarcentury Holdings Limited

    Solarcentury is the UK’s leading solar energy company, specialising in the design and supply of building integrated solar technologies. Solarcentury is in business for a purpose: to help create a cleaner world and a sustainable future. Based in London, with operations in the UK, France and Spain, it has installed over 500 solar systems including those on the Eden Project, Vauxhall Cross Bus Terminal and Europe’s largest vertical solar facade on the CIS Tower, Manchester. Solarcentury has helped thousands of homes go solar through its network of associate installers and is the founding company of the schools initiative Solar4Schools. In 2006, Solarcentury was named the UK’s Fastest Growing Renewable Energy Company by The Sunday Times Tech Track 100.

    Founded in 1999, zouk is a London based investment manager focusing on Cleantech as well as renewable and environmental infrastructure. zouk currently manages two technology funds and invests in solar infrastructure projects through zouk Solar Opportunities Limited. For further information please visit
    Good Energies

    Good Energies is a leading investor in the renewable energy industry, managing the renewable energies portfolio of the COFRA Group, a privately owned group of companies. The current market capitalization of its portfolio is over five billion dollars. Good Energies places its emphasis on the interrelated business areas of solar energy, wind energy, load management and green buildings. Good Energies operates globally with offices in Zug/Switzerland, London, New York, Washington D.C. and Toront

  • January 2021
    Zouk Capital announces third close in Charging Infrastructure Investment Fund
  • Zouk Capital announces third close in Charging Infrastructure Investment Fund
    London, United Kingdom - January 2021

    • Willis Towers Watson and Morgan Stanley Investment Management anchor close with HM Treasury
    • Fund currently stands at £380m in signed commitments

    London, 11 January, 2021: Zouk Capital, manager of the UK Treasury's Charging Infrastructure Investment Fund (CIIF), today announced the fund has now reached a total of £380m in signed commitments (against a target of £400m) after this third close. The third close was anchored from the private sector by Willis Towers Watson's clients and investment funds and Morgan Stanley Investment Management's Climate Impact Fund, with funding matched by HM Treasury. The fund is targeting a final close in early 2021.

    Both global leaders in their fields, investment consultant and fund manager Willis Towers Watson and asset manager Morgan Stanley Investment Management further strengthen the impressive list of investors already committed to CIIF. The CIIF is underpinned by the need to rapidly decarbonise the UK's transport sector and improve air quality, which creates an opportunity to make environmentally impactful financial returns through the creation of large renewable energy powered public EV charging networks.

    In 2020 the UK Government twice reduced the deadline for sales of petrol and diesel cars in its goal of reducing net carbon emission to zero by 2050. Supporting the public electric vehicle (EV) charging network is a key initiative within this objective. CIIF is dedicated to catalysing the rollout of a robust and diversified public EV charging infrastructure that is required to support the electrification of vehicles throughout the UK. Two investments have been made from CIIF so far - the first investment was in InstaVolt, which develops, installs, owns and operates rapid EV charging stations in the UK and has plans to bolster UK rapid charge points nationally to 5000. The second, announced in May 2020, was in Liberty Charge, a joint venture between Liberty Global and Zouk Capital, which is rolling out on-street residential charging points throughout the UK for the 40% of households without access to private driveways.

    Paul Berriman, global head of TWIM, Willis Towers Watson's investment fund business, said,

    'The Charging Infrastructure Investment Fund is playing an important role in speeding up the decarbonisation of the UK's transport industry. This is clearly important from a sustainability perspective, and that also makes it a good investment opportunity for our Partners Fund, the flagship multi-asset portfolio of our best ideas across all asset classes.'

    Vikram Raju, Head of Climate Impact, Morgan Stanley Investment Management AIP Private Markets, continued,

    'Accelerating the carbon transition in transportation is a key focus for the Climate Impact strategy at Morgan Stanley Investment Management. Through our partnership with the CIIF and Instavolt, we hope to transform significantly the way automobiles in the UK consume fuel and reduce the emissions they generate.'

    Samer Salty, Managing Partner Zouk Capital added,

    'In spite of the ongoing challenging business environment, leading global investors continue to be attracted to the long-term fundamentals of CIIF. We are delighted to welcome both Willis Towers Watson and Morgan Stanley Investment Management to the fund, both with strong ESG mandates and both who share in our belief in the commercial opportunity in electric vehicle infrastructure as well as the importance of decarbonisation. Through Willis Towers Watson and Morgan Stanley Investment Management, we now have investments in CIIF from not only the UK and the Middle East, but also from the US, Germany, and Australia.'

    Matthew Vickerstaff, Deputy Chief Executive Officer, Infrastructure and Projects Authority said,

    "The private sector will play a crucial role in the ambitions to decarbonise our infrastructure and put the UK on the path to NetZero 2050.

    This next investment into the Charging Infrastructure Investment Fund, alongside the recently launched National Infrastructure Strategy, reaffirms our commitment to working with the private sector, to make these newer technologies available for everyone across the country."

    Willis Towers Watson
    Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 45,000 employees serving in more than 140 countries and markets. We design and deliver solutions that manage risk, optimise benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at

    Morgan Stanley Investment Management
    Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 729 investment professionals around the world and $715 billion in assets under management or supervision as of September 30, 2020. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit

  • January 2021
    Unique hat trick for InstaVolt in Zap-Map survey
  • Unique hat trick for InstaVolt in Zap-Map survey
    UK - January 2021

    For the third year running, electric car drivers across the UK have named InstaVolt as their favourite charging network for multiple brands of EV (electric vehicle).

    In the biggest annual survey of its kind published by Zap-Map today, the list sees InstaVolt retain first place for a network capable of charging multiple brands of EV. Only Tesla's manufacturer-specific network scored higher.

    Respondents reported InstaVolt's reliability, modern technology, ease of use and contactless card payment solution as just some of the features that highlight the network's continued success in the survey.

    The annual poll ranked 16 charging providers. For those networks which EV drivers use regularly, respondents were asked to rate their overall satisfaction, and their level of satisfaction in the four key areas of reliability, ease of use, cost and on-site facilities.
    InstaVolt CEO Adrian Keen said: 'We’re delighted to be the UK’s favourite multi-brand charging network for the third third-year running and it’s testament to the commitment and hard work of the InstaVolt team. Maintaining these high standards over such a lengthy period is a huge tribute to everyone.'

    'Our whole ethos is to make charging simple, reliable and allow drivers to get back on the road in minutes. These latest survey results prove we're doing just that, and with more than 500 chargers nationwide, we are working hard to bring even more chargers online.'

    InstaVolt was the first charging network in the UK to operate on a pay-as-you-go basis with no prior registration, membership or monthly subscription fee required. InstaVolt partners with major brands like McDonalds, Starbucks, Bannatyne Health Clubs and KFC to ensure drivers can enjoy excellent on-site facilities whilst they charge.

    Keen continued: 'by installing our chargers at locations on or near to the strategic road network and at restaurants, cafés and retail sites, drivers can be sure to enjoy a coffee, bite to eat or go about their daily chores as they charge'.

    Dr Ben Lane, CTO and Joint MD at Zap-Map, said: 'As the survey demonstrates, EV drivers are very clear about the factors that make for a good charging experience, with reliability and ease of use being key priorities.'

    'A new generation of drivers want to arrive at a charge point and be confident that it will be simple to use and a trouble-free experience. They are quick to pick up that different networks offer varying levels of service, and will actively visit networks that provide a reliable and easy-to-use experience.'

  • November 2020
    Zouk appoints Lord Paul Myners CBE to the Zouk Board
  • Zouk appoints Lord Paul Myners CBE to the Zouk Board
    London, United Kingdom - November 2020

    Zouk, the infrastructure and private equity fund manager investing in the sustainable economy, today announced it has appointed Lord Paul Myners CBE to the Zouk Board. 

    Myners' appointment will allow Zouk to draw upon his wider ranging insights into multiple areas of interest including, in particular, ESG considerations within private equity portfolios.  Myners' is also expected to play an important role in supporting Zouk's business.
    Lord Myners, a member of the House of Lords, has a distinguished track record in policymaking, fund management and business as an investor and corporate leader. Myners worked at Gartmore between 1987 – 2001, where he was latterly CEO and Chairman.  His other roles at the same time included chairing Natwest Private Equity, which is now called Bridgepoint, and membership of the board of Lloyd's . Today Paul is a General Partner at Cevian Capital, Europe's largest shareholder engagement investor, and also has board memberships across several high-profile fund managers including Rockefeller and CQS. His insight into UK PLC is similarly unrivalled, where over the years he has held numerous directorships, including chairing the boards of Marks & Spencer, Guardian Media Group, Land Securities and the Low Pay Commission. He has also been a Member of Court (director) of the Bank of England and on the Board of GIC, one of Singapore's two sovereign wealth funds.
    Paul spent a number of years working in the British Government, firstly as an advisor on institutional investment, where he was responsible for the 2001 Myners Report on regulation. Between 2008-2010 he held the role of City Minister at the Treasury, where he participated in the extensive restructuring of the UK banking sector during the financial crisis. He also became known for his firm promotion of good corporate governance and informed and engaged investment.
    Lord Myners commented, 'I have known Samer and Zouk for more than ten years and have been impressed by Zouk's longstanding commitment to the sustainable economy and its record in ensuring ESG is at the core of its investments. I am looking forward to joining the Zouk board and working more closely with the team on issues I believe to be increasingly important in today's investing environment.'
    Samer Salty, Managing Partner of Zouk added, 'Paul's range of  experience across government, private equity fund management, and corporations as well as his commitment to corporate governance and ESG are invaluable to Zouk and our investor community in our focus on the sustainable economy. I have always admired Paul, whose advice and counsel I rate extremely highly, and we are delighted to welcome him  to our Board.'

  • June 2020
    McDonald’s partners with InstaVolt to deliver rapid charging network at drive-thrus
  • McDonald’s partners with InstaVolt to deliver rapid charging network at drive-thrus
    UK - June 2020

    InstaVolt is partnering with McDonald’s to roll-out electric vehicle (EV) rapid charging points across its Drive Thru restaurants in the UK.

    As McDonald’s looks to play its part in a greener economic recovery, its ambition is to create a new nationwide charging network to support increasing demand for EVs.

    The partnership with InstaVolt, the largest owner-operated network of rapid EV chargers in the UK, marks a huge stride forward for the EV charging infrastructure. It will include the introduction of charging points at both new and existing Drive Thru restaurants within the McDonald’s estate where they can be accommodated. The first wave of installations will be announced as they become available.

    InstaVolt’s new rapid charging points are capable of charging at 125kW, amongst the fastest in the UK and cutting charging times for motorists, making EVs a more realistic prospect for drivers than ever before. The partnership, the first of its kind for a major UK restaurant chain, will increase accessibility of rapid charging for drivers across the UK by providing a network of convenient and recognisable locations beyond service stations, residential streets and workplaces.

    The announcement comes as the UK economy starts to rebuild post COVID-19 with a renewed focus on low carbon industries and infrastructure, and as more drivers than ever consider EVs due to the dramatic improvement in air quality witnessed during lockdown.

    The InstaVolt network has built itself an industry-leading reputation for high levels of reliability and ease of use which led to it being named Auto Express magazine’s recommended chargepoint operator in April 2020.

    The accolade adds to the recognition that InstaVolt earned in the Zap-Map survey where electric car drivers across the county named InstaVolt as their favourite charging network for multiple brands for two consecutive years.

    Paul Pomroy, CEO, McDonald’s UK & Ireland said: 'Appetite for electric vehicles, which will be a central part of the UK’s efforts to build back greener post COVID-19, is growing. This partnership and ambition takes advantage of our scale, and is a real step forward for those already driving electric vehicles, as well as people considering making the switch.

    “With over 1,300 restaurants our ambition would mean you would never be far from a charging point. As we look toward a return to normal service post-COVID19, drivers will be able to pop in for a coffee or a meal and get an 80% charge in 20 minutes. We are known for speed and convenience, and this partnership with InstaVolt will provide just that for EV drivers.

    'Our ultimate ambition is to have more EV charging points on our premises than any other company in the UK and Ireland.'

    Adrian Keen, InstaVolt’s Chief Executive Officer, said: “We’re committed to making our network the simplest to use with contactless payment – without the need to sign up for an account – and our 125kW chargers are amongst the fastest and most reliable in the UK. Research shows that drivers need to be confident that fast, reliable and simple to use charging infrastructure is never far away, and this partnership will deliver that confidence to drivers nationwide.

    'With recent reports also indicating more people are considering EV’s given the significant drop in emissions during this pandemic, we hope that this exciting partnership with McDonald’s will help encourage them to make this decision. I very much look forward to working with McDonald’s to fulfil their ambition by rolling out InstaVolt chargers across the McDonald’s estate.'

    Transport Minister Rachael Maclean said: “Being able to easily and quickly charge our electric cars as we go about our day-to-day lives is vital to encourage more people make the switch to electric.

    “This exciting partnership between InstaVolt and McDonald’s, an iconic household name, is essential as we strive to change people’s perceptions of electric vehicles. We want to make clean vehicles the new normal by installing rapid charge-points in busy, popular public spaces.”

    George Ridd, Partner at Zouk Capital, manager of the UK Government’s £400m Charging Infrastructure Investment Fund, and investor in InstaVolt said: “McDonald’s already has fantastic sustainability credentials with its recycled packaging targets and now it is partnering with InstaVolt to host rapid EV chargers to decarbonise the UK’s transport sector as well as reducing tailpipe emissions to clean up the air we all breathe.

    'Capital from CIIF will fund the roll-out of InstaVolt chargers at McDonald’s sites across England, Scotland, Wales and Northern Ireland, all of which will be renewable energy powered and is fantastic for furthering the UK’s leading role in the EV charging infrastructure market.'

  • May 2020
    London, United Kingdom - May 2020

    UK government’s charging infrastructure fund makes second investment

    Liberty Global Ventures and Zouk Capital today announce a joint venture partnership, Liberty Charge, which will roll out on-street residential electric vehicle charging points in the UK.

    Zouk is the manager of the Charging Infrastructure Investment Fund (CIIF), the dedicated fund established by the UK Government in 2019 and backed by HM Treasury to help develop public charging infrastructure points for electric vehicles throughout the UK.

    Leveraging Virgin Media’s connectivity network, infrastructure deployment capabilities and trusted relationships with local authorities, the 50:50 joint venture - originally set up as a small incubation initiative within Liberty Global Ventures last year - will focus on providing the under-the-pavement power and communications infrastructure necessary for electric vehicle charging in residential areas.

    According to research, more than 40% of urban vehicle owners don’t have access to a driveway they could use to charge an electric vehicle. The venture will provide charge point operators and local authorities with so-called ‘plug and play’ on-street charging facilities in large cities and towns where many residents don’t have access to off-street parking.

    The partnership supports Liberty Global’s efforts in this space following on from its Virgin Media Park and Charge (VPACH) project, which aims to deploy 1,200 charging sockets in towns and cities across the country by early 2021. Access to public electric vehicle charging is a key initiative within the UK government’s drive to reduce net carbon emissions to zero by 2050. Providing on-street residential charging is a core component of Zouk’s Charging Infrastructure Investment Fund strategy.

    Neil Isaacson, who has been leading Liberty Charge’s market development activities, has been appointed CEO of the venture.

    Jason Simpson, Vice President Global Energy and Utilities for Liberty Global, comments: “This investment from Zouk re-enforces our belief that there is significant value in leveraging Virgin Media’s wide ranging infrastructure and connectivity capabilities into new and fast growing sectors such as eMobility and Energy. Zouk Capital is the perfect partner in this venture thanks to their sector expertise and focus on sustainability. We look forward to working with them to help drive electric vehicle adoption in the UK.”

    Massimo Resta, Partner at Zouk Capital, adds: “CIIF’s central objective is to scale open-access, public EV charging networks for the UK consumer and this is exactly what Liberty Charge will achieve for the thousands of car owners, who do not have access to off street parking.  Liberty Global’s infrastructure deployment capabilities and Virgin Media’s extensive connectivity network make it perfectly positioned to rapidly deploy on-street residential charging in UK towns and cities, and we are excited to be partnering with them on this opportunity.”

    Information on Liberty Charge can be found at


    Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the world’s leading converged video, broadband and communications companies, with operations in 6 European countries under the consumer brands Virgin Media, Telenet and UPC. We invest in the infrastructure and digital platforms that empower our customers to make the most of the digital revolution.

    Our substantial scale and commitment to innovation enable us to develop market-leading products delivered through next-generation networks that connect 11 million customers subscribing to 25 million TV, broadband internet and telephony services. We also serve 6 million mobile subscribers and offer WiFi service through millions of access points across our footprint. 

    In addition, Liberty Global owns 50% of VodafoneZiggo, a joint venture in the Netherlands with 4 million customers subscribing to 10 million fixed-line and 5 million mobile services, as well as significant investments in ITV, All3Media, ITI Neovision, LionsGate, the Formula E racing series and several regional sports networks.



  • April 2020
    Zouk Capital announces £80m second close in Charging Infrastructure Investment Fund
  • Zouk Capital announces £80m second close in Charging Infrastructure Investment Fund
    London, UK - April 2020

    Church Commissioners for England anchors second close with HM Treasury

    Zouk Capital, manager of the UK Treasury’s Charging Infrastructure Investment Fund (CIIF), today announced the fund’s £80m second close. The second close was anchored from the private sector by Church Commissioners for England (which manages £8.3bn), with funding matched by HM Treasury. The fund now has a total of £150m deployable capital (£275m in signed commitments against a target of £400m), following the first close announced at launch in September 2019.

    Access to public electric vehicle (EV) charging is a key initiative within the UK government’s drive to reduce net carbon emissions to zero by 2050.  CIIF is dedicated to catalysing the rollout of a robust and diversified public EV charging infrastructure that is required to support the electrification of vehicles throughout the UK. The first investment from the fund was made in InstaVolt, which develops, installs, owns and operates rapid EV charging stations in the UK and has plans to bolster UK rapid charge points nationally to 5000.


    Chris West, Head of Indirect Property, Timberland and Infrastructure - Church Commissioners for England said,

    'We are pleased to make this commitment to the Zouk Charging Infrastructure Investment Fund which will help support the roll out of the UK's public charging infrastructure over the coming years. This investment is aligned with our goal of achieving a net zero emissions portfolio through driving down carbon emissions in the real economy and speeding the energy transition.'


    Samer Salty, Managing Partner Zouk Capital added,

    'Despite the unprecedented world in which we all live now as a result of COV-19, we see no shortage of investors who believe in the long-term fundamentals of CIIF. The CIIF is underpinned by the need to rapidly decarbonise the UK’s transport sector and improve air quality, which creates an opportunity to make environmentally impactful financial returns through the creation of these large renewable energy powered public EV charging networks. We are delighted to welcome new investors to the fund who share in our belief in both the commercial opportunity in electric vehicle infrastructure and the importance of decarbonisation. Church Commissioners for England is a leader in the ESG space with a strong sustainability mandate and we are excited to have their support.'


    Matthew Vickerstaff, Deputy Chief Executive Officer, Infrastructure and Projects Authority said,

    'This additional investment into the Charging Infrastructure Investment Fund is another endorsement of the model, and an excellent example of government and industry working in partnership, as we pursue our collective objective to NetZero 2050. '

    'Increasing access to private finance for those companies delivering EV charging points across the UK is key to meeting society's future needs.'


    The Church Commissioners for England

    The Church Commissioners (Commissioners) exist to support the work and mission of the Church of England today and for future generations, helping it to remain a Christian presence in every community. The Commissioners manage an £8.3bn investment fund in a responsible and ethical way, using the money made from investments to contribute towards the cost of mission projects, dioceses in low-income areas, bishops, cathedrals, and pensions.

    The Commissioners’ investment policy is to hold a diversified portfolio of investments across a broad range of asset classes consistent with their ethical guidelines and their Responsible Investment (‘RI’) Framework. The Church Commissioners’ approach to responsible investment is shaped by the ethical policies they have adopted on the recommendation of the Church of England Ethical Investment Advisory Group (‘EIAG’) and by their commitment to the UN-backed Principles for Responsible Investment (‘PRI’). This approach involves ethical exclusions; incorporation of environmental, social and governance issues; action on climate change risks and opportunities; engagement and voting; and impact monitoring and impact investments. The ambition is to be at the forefront of responsible investment globally.


  • April 2020
    Zouk is fundraising for hospitals
  • Zouk is fundraising for hospitals
    UK / Italy - April 2020

    The Covid-19 pandemic is the biggest threat to our society that we have seen in recent times.

    In the fight against the virus everyone has to do their part and follow the guidance provided by the Government. But we also need to support the people in hospitals that are our first line of defence.

    At Zouk, we are actively supporting two hospital charities – one in London and one in Northern Italy - and invite you to take a look at these initiatives and donate generously if you can. Thank you.

    Zouk for University College London Hospital

    - We are raising funds for the UCLH workforce - doctors, nurses, allied health professionals and other staff - who are working around the clock to care for patients in our hospitals in the fight against Covid-19

    Gavazzeni Hospital in Bergamo, Italy

    - As one of the hardest hit areas in Lombardy in Northern Italy, we are supporting this hospital providing extra funds to purchase more vital personal protective equipment for staff, ventilators and monitoring systems.

    For large corporate donations directly to either UCLH or the Bergamo hospital, please contact us at for bank details.

  • January 2020
    Zouk’s 2019 in pictures
  • Zouk’s 2019 in pictures
    UK - January 2020

    2019 saw new partnerships, a new fund and new investments across our Infrastructure and Technology portfolios.
    Take a look at some of the highlights.

  • December 2019
    EIB to support Be Charge for charging network expansion in Italy
  • EIB to support Be Charge for charging network expansion in Italy
    Milan / Rome - December 2019

    • EIB signs EUR 25 million loan facility for Be Charge, a subsidiary of Be Power Group SpA
    • The 10-year lending agreement is aimed at financing the expansion plans of Be Charge, one of the main players in electric vehicle charging infrastructure in Italy

    Milan/Rome, 16 December 2019 – The European Investment Bank (EIB) will support Be Charge, a leading Italian company engaged in the development of sustainable mobility, in expanding its charging infrastructure for electric mobility throughout Italy. The parties signed a EUR 25 million loan facility for a period of 10 years in Rome today. The project is supported by the European Commission through the 'Connecting Europe Facility' (CEF).

    Dario Scannapieco, EIB Vice-President, stated: 'I am particularly pleased with this first operation in Italy under the new 'future mobility' facility, in partnership with the European Commission. The development of e-vehicle charging infrastructure will accelerate access to clean forms of transport throughout the country.'

    Be Charge is developing one of the largest public charging infrastructure networks for electric vehicles in Italy, and is contributing to the development of a sustainable mobility system. Currently, over 1,000 recharging points have been installed, with over 5,000 more in development or in construction. Be Charge aims to install 30,000 charge points, both in alternating current at 22kW, and in direct current up to 300kW.

    'Our plans are ambitious and having the EIB by our side to make them happen is not only important but also a confirmation of our business model', stated Paolo Martini, CEO of Be Charge and Be Power, 'We are creating one of the most advanced and dense infrastructures, which we hope will help to increase the number of electric cars in Italy; a new mobility paradigm that will bring great benefits to the environment, improving daily life and travel habits.'

    For the EIB, the operation falls under one of its main priorities: the financing of projects that combat climate change in the sectors of innovation and sustainable mobility.

    'The EIB loan highlights the success of an integrated business model that captures opportunities linked to the worldwide trend of electrification of mobility, which will play a fundamental role in the progressive decarbonisation of our economy', said Paolo Amato, Chairman of Be Power SpA, as he defines electric mobility 'a development opportunity that the entire country should take up', capable of attracting international investors.

    'We’re happy that the company has reached this important milestone', states Massimo Resta, board member of Be Power SpA and partner at Zouk Capital LLP, majority shareholder of Be Power through one of its funds. 'It’s an important result, and proof of the value we have created as investors in Italy, in a strategic sector such as electric mobility.'

  • October 2019
    Zouk teams up with Solar Ventures for subsidy-free photovoltaic plants in Italy
  • Zouk teams up with Solar Ventures for subsidy-free photovoltaic plants in Italy
    Milan, Italy - October 2019

    Today Solar Ventures S.r.l., a leading Italian solar IPP and project developer, and Zouk Capital, an infrastructure and private equity investor active in sustainable infrastructure, electric mobility and renewable energy announced they have agreed a partnership to jointly develop and construct a portfolio of subsidy-free photovoltaic plants in Italy, initially totalling approximately 120 MWp.

    The projects are currently in the mid development stage and the funding provided by Zouk Capital and Solar Ventures will enable the finalisation of the development process as well as the construction of the plants. The plants will be amongst the first in Italy to be completed on a truly subsidy free basis as they will not be subject to a feed-in tariff or other state incentive mechanism. Instead, they will sell their power output commercially through long-term power purchase agreements.

    'We are delighted to partner with Solar Ventures as one of the most experienced and reliable developers in the market' - said Massimo Resta, Partner at Zouk Capital. 'We are currently observing a shift in the renewable energy and solar sectors away from state subsidies into a truly commercial and subsidy-free future. We see subsidy-free renewables as one of the major trends in the European power sector during the years to come and are pleased to be part of this trend through this transaction.'

    'We are very proud to partner with Zouk Capital a very experienced investor in the field. We agree that this a new very attractive era for solar energy and we want to be fully part of it', said Michele Appendino, founder and Chairman of Solar Ventures.

    Zouk Capital was supported by Legance as legal and RINA as technical advisers, while Solar Ventures worked with ARMON Capital Advisory as financial advisers on this transaction.

  • October 2019
    Masdar and Zouk Capital joins UK government leaders at Charging Infrastructure Investment Fund event
  • Masdar and Zouk Capital joins UK government leaders at Charging Infrastructure Investment Fund event
    London - October 2019

    Masdar is the first investor in the £400 million fund besides the UK government, with an investment of £35 million

    Masdar, one of the world’s leading sustainability investors and renewable energy developers, has today joined UK government leaders and Zouk Capital, managers of the fund, in London on October 7th 2019 for a specialised industry event to discuss its recent investment in the Charging Infrastructure Investment Fund (CIIF).

    Hosted by the Infrastructure and Projects Authority (IPA) at the Foreign and Commonwealth Office in Whitehall, participants included Simon Clarke, Exchequer Secretary to HM Treasury, Khaled Al Qubaisi, CEO of Aerospace, Renewables & ICT for Mubadala, HE Mansoor Abulhool, UAE Ambassador to the UK, Mohamed Jameel Al Ramahi, CEO of Masdar, Matthew Vickerstaff, Deputy CEO of IPA, and Samer Salty, Managing Partner of Zouk Capital.

    Masdar, a subsidiary of Mubadala Investment Company, last month became the first commercial investor in the UK government’s £400 million CIIF, which aims to more than double the country’s electric vehicle charging infrastructure with 3,000 new rapid charge points by 2024 as part of its ambition to end the sale of petrol and diesel vehicles by 2040.

    To be managed by Zouk Capital, Masdar has invested £35 million in the fund, which has been matched by the UK government.

    Masdar’s investment in the CIIF has been made through a special purpose vehicle (SPV) hosted by Abu Dhabi Global Market, Abu Dhabi’s International Financial Centre. The move further recognises the supportive business and transparent regulatory environment provided by ADGM, as well as its initiatives and ongoing commitment to sustainable and green finance.

    Speaking at the event, Mubadala’s Khaled Al Qubaisi, said: 'While there is no doubt that climate action requires sustained attention, high-level political commitment and a multilateral response, it is collaborations such as this one, between innovators, technologists, investors and governments, that can accelerate the transformation of the global energy sector.'

    Al Qubaisi added: 'The UAE has made huge strides in recent decades to become a leader in energy production and green energy practices, but it is essential that we continue to partner, share our knowledge with the rest of the world, and learn from other countries.'

    Masdar’s involvement in the fund builds on the company’s track record of successful partnerships in the UK, where it also has investments in the 630MW London Array, one of the world’s largest offshore wind farms in operation, the 402MW Dudgeon offshore wind farm in England, and Hywind Scotland, a 30MW floating wind power development situated near the coast of Aberdeenshire, as well as ongoing research and development into next-generation clean technologies at the University of Manchester.

    'At Masdar, we have long appreciated the potential of sustainable mobility, as illustrated by the innovative solutions hosted at Masdar City in Abu Dhabi, from the world’s first personal rapid transit system, to autonomous and driverless shuttles, to on-demand private electric vehicles,' said Mohamed Jameel Al Ramahi, CEO of Masdar. 'With electric mobility becoming both more affordable and acceptable to consumers, accessible public charging infrastructure is a necessity if electric vehicles are to achieve large-scale penetration of the car market, and we are eager to support the UK’s bold vision.'

    'Masdar’s entrance into the EV charging infrastructure sector, thanks to the support of the UK government and our partners at Zouk Capital, is a logical extension of our global portfolio and a sign of our continued commitment to the UK,' Al Ramahi added. 'It is also a commercial investment in a promising sector, with an estimated US$300 billion earmarked for the manufacture of electric vehicles and batteries globally over the next five to 10 years.'

    Samer Salty, Managing Partner of Zouk Capital, said: 'With its long-term commitment to sustainability and leadership in renewable investing, we are delighted to welcome Masdar as the cornerstone investor in CIIF. In partnership with Masdar, HM Treasury and the Infrastructure Projects Authority, we are already accelerating the build out of charging points throughout the UK to provide a solid network for EV drivers and to make significant steps toward the UK Government’s Net Zero 2050 objectives.'

  • September 2019
    Over £500m new investment in green technologies for a cleaner and healthier future
  • Over £500m new investment in green technologies for a cleaner and healthier future
    UK - September 2019

    - £400 million fund – Charging Infrastructure Fund (CIIF) to help develop public charging infrastructure points for electric vehicles
    - First £70 million investment will create 3,000 new rapid charge points, more than doubling the number of rapid charge points across the UK by 2024
    - CIIF managed by Zouk Capital, first investment by Abu Dhabi Future Energy Company ('Masdar') and government.
    - Further £142.9m announced for R&D to combat air and water pollution, and increase sustainability to support Government's ambitious commitment to tackling climate change

    Plans for a cleaner and healthier Britain stepped up a gear today, as Ministers announced more than half a billion pounds of investment in green technologies.

    The Treasury has launched a £400 million fund, CIIF, to bolster Britain's electric vehicle charging infrastructure, with the first £70 million provided by government and UAE renewables investor Masdar - allocated for 3000 charge points. This more than doubles the number across the UK to 5000. The fund is managed by London based Zouk Capital.

    Rapid charge points can recharge a family car in as little as 20 minutes, compared to existing technology which can take 40 minutes- making the reality of driving electric vehicles easier and more accessible for people across the country. The UK already has one of the largest electric vehicle charging networks in Europe, and this investment will help make that the fastest by installing state-of-the-art technology.

    A review is currently underway to explore the provision of charge points across major road networks, meaning drivers could charge their car whilst stopping for a coffee at a service station. Today's investment complements £1.5 billion support to boost the uptake of electric vehicles and make cleaner vehicles more accessible to everyone. This is part of the Government's ambition to end the sale of petrol and diesel vehicles by 2040.

    Also being announced today is £31.5 million for research into pioneering technologies to remove greenhouse gases from the atmosphere, and £22 million to research new kinds of air pollutants and minimise their effects on public health.

    Exchequer Secretary Simon Clarke said:

    'We are driving ahead with plans to make travel greener while backing British innovation and technology.

    'I am delighted to announce this funding today that will more than double the number of rapid charge points for electric vehicles on our roads. Britain already boasts one of the biggest networks of charging infrastructure in Europe and soon we will have the fastest thanks to this investment.

    'This is the latest in our proud record on climate change –having slashed emissions by over 40% since 1990, whilst simultaneously growing our economy, and setting an ambitious target for net zero emissions by 2050.'


    Business, Energy and Clean Growth Minister Kwasi Kwarteng said:

    'The UK has been going further and faster in tackling climate change by becoming the first major economy to legislate for net zero emissions by 2050, and helping us seize the opportunities of a greener future. With air pollution thought to kill as many as seven million people a year globally, it's clear more needs to be done.

    'That's why we're backing these initiatives, aimed at making improvements from battling air pollutants to protecting our invaluable sea life. These pioneering projects will help us maintain our world-leading position in this field, and to make further strides towards a more sustainable future for our planet.'

    Transport Secretary Grant Shapps said:

    'It's fantastic there is already a rapid chargepoint at almost every motorway service station, and now more charging stations than petrol stations. But I want to see thousands more chargepoints installed across the UK.

    'This fund will help drum up further investment in charging infrastructure from the private sector, so charging an electric car becomes as easy as plugging in a smart phone.'

    Mohamed Jameel Al Ramahi, Chief Executive Officer of Abu Dhabi Future Energy Company ('Masdar') said:

    'Today's announcement builds on our track record of successful partnerships in the UK, where we are already an investor in two of the world's largest wind farms, the world's first utility-scale floating wind park, smart battery storage, and ongoing research and development into next-generation clean technologies.'

    'As one of the cornerstone investors into the Charging Infrastructure Investment Fund, working alongside the UK's Infrastructure and Projects Authority and Zouk Capital, we hope to encourage closer collaboration between government and the private sector in promoting the wider use of electric vehicles and green transport – here in the UK, the United Arab Emirates, and other counties,' Al Ramahi added.

    'We also aim to build on the nearly 10 years of experience we have acquired in realising sustainable mobility solutions at Masdar City, our home in Abu Dhabi.'

    Matthew Vickerstaff, Deputy Chief Executive of the Infrastructure and Projects Authority and Head of Project Finance Profession, said:

    'Charging infrastructure will be a crucial part of our journey to Net Zero 2050 and will require substantial investment from the private sector.

    'The launch of the Charging Infrastructure Investment Fund today will help accelerate the building of charging points by increasing access to private finance for companies delivering them.'

    Samer Salty, Managing Partner, Zouk Capital said:

    'The electric vehicle market is currently one of the most dynamic and exciting growth areas to be involved in. With Zouk's long track record in renewable and sustainable investing, we were delighted to have been selected to manage the Charging Infrastructure Investment Fund and are pleased that the first close has been successfully completed.'

    'In partnership with HM Treasury, the Infrastructure Projects Authority and Masdar, CIIF is an exciting platform backing this nascent sector whilst offering both strong commercial returns and support for the Government's net zero carbon objectives.'


    Further investment into green technology being announced today

    The Department for Business, Energy and Industrial Strategy has today taken another vital step in cleaning up the planet by unveiling £142.9 million investment in green projects, including driving forward approaches to removing greenhouse gases from the air. Part of the second wave of the Government's Strategic Priority Fund, the investment boost is evidence of the Government's steadfast commitment to ensure a healthy, happy planet and population.

    Five projects are benefiting from the significant cash injection, including:

    - Greenhouse Gas Removal Technologies (£31.52m) – this will support the UK in its net zero ambitions, by driving forward approaches to remove greenhouse gases from the sky on a large scale
    - Clean Air: Addressing the Challenge of Indoor & Outdoor Pollution (£22m) – the next decade will see declining transport pollution but increases in other areas like household products and adhesives. This project will look at tackling emerging air pollutants indoors and outdoors, such as air fresheners and cleaning products, to minimise their effects on public health
    - Cleaner food systems for healthy people and a healthy planet (£47 million) –– this will transform UK diets to be healthier and more sustainable through changes in production, manufacturing, retail and consumption. It will deliver coherent evidence to enable concerted action from policy, business and civil society to help the UK meet its targets on obesity and greenhouse gas emissions.
    - Reusing and recycling materials in innovative ways (£30 million) – this programme will drive forward new research to support opportunities to re-use and recycle materials across sectors such as food, water, textiles and electronics – as well accelerating new, greener manufacturing technologies
    - Sustainable Management of Marine Resources (£12.43m) – This programme will ensure that the UK realises sustainable societal and economic benefits through better management of the UK's marine resources, including working more closely with government, industry and the public.

    Today's announcements show the Government's firm commitment to tackling climate change and to meeting its environmental responsibilities. As a world leader in clean growth, and the first major economy in the world to legislate to end its contribution to global warming by 2050, today's announcements echo the UK's commitment to being in the driving seat of the green revolution.

  • May 2019
    Zouk Capital invests in Italian electric mobility company Be Power
  • Zouk Capital invests in Italian electric mobility company Be Power
    Milan/London - May 2019

    UK infrastructure and private equity fund invests in Be Power to develop electric mobility infrastructure in Italy.

    Building Energy Ltd, a multinational company operating in the renewable energy sector, and Zouk Capital, an infrastructure and private equity investor active in sustainable infrastructure, renewables and electric mobility, have agreed Zouk’s investment in Building Energy’s subsidiary Be Power marking the UK fund’s entry into the Italian electric mobility market

    Zouk Capital has acquired a majority stake in BE Power through a capital increase. The funding will allow BE Power to continue to pursue its business strategy, which is to operate as a leading vertically integrated owner and operator of EV charging stations across Italy.

    BE Power owns and operates public EV chargers through its 100% owned subsidiary BE Charge. It also operates a virtual power plant technology through its 100% owned subsidiary 4Energia, which operates as an energy trader and provides demand response services. BE Power also has a significant minority stake in an electric corporate car sharing company called ReFeel. The subsidiaries work together to offer smart solutions for EV drivers and land owners looking to benefit from the rapidly growing EV market.

    Electric vehicles are experiencing significant growth on a global basis as more people join the drive towards cleaner methods of transportation. Reuters suggest automakers are planning $300bn of investment into electric vehicles in the next five to ten years. BE Power will support the transition to EVs in the Italian market.

    Zouk Capital, based in London, has significant experience in the field of electric vehicle charging infrastructure in the UK, where it has invested in two companies operating in the sector since 2016: Instavolt and EO Charging. Instavolt is one of the largest operators of rapid and high powered charging infrastructure (50KW+) in the UK, having gained significant market share since the company was founded in late 2016. EO Charging is a leading manufacturer of slow / fast charging units (3-22KW) and provider of software solutions for fleets. More recently, Zouk Capital  has been selected by the UK government as the preferred bidder for an investment fund dedicated to public charging infrastructure for electric vehicles. The Charging Infrastructure Investment Fund (CIIF) will be a £400m fund, with £200m from the private sector to be matched by £200m from the UK Government.

    Zouk’s experience in the EV charging infrastructure space will help to support BE Power in the delivery of its business plan. Zouk has appointed Paolo Amato as Chairman and Paolo Martini as CEO of the Company.

    “We are pleased to share this successful initiative with Zouk” said Fabrizio Zago, Chairman and CEO of Building Energy Group. “This transaction will give Be Power an additional advantage in the electric mobility market in Italy and abroad with the aim of establishing itself as one of the biggest players in the sector.”

     “We are impressed by what BE Power managed to achieve in a relatively short period in the Italian market”- said Massimo Resta, Partner of Zouk. “Be Power’s team is extremely experienced and has a clear business plan that we believe they will successfully deliver.”

    "Zouk will work closely with the management team on the development of the growth plan and on our goal of becoming a leading integrated operator in the electric mobility market in Italy, said Paolo Martini, CEO of Be Power. “We are proud that Zouk, one of Europe’s largest investors in the field of electric vehicle charging infrastructure, has invested in Be Power as we address one of the most important challenges in Italy.”

  • April 2019
    Samer Salty co-signatory of Letter to The Times on Extinction Rebellion
  • Samer Salty co-signatory of Letter to The Times on Extinction Rebellion
    London, UK - April 2019

    Sir, The multimillion-pound costs that the Extinction Rebellion protests have imposed on business are regrettable, as is the inconvenience to Londoners. But future costs imposed on our economies by the climate emergency will be many orders of magnitude greater.

    Contrary to belief, there is business support for the Extinction Rebellion (XR) agenda. Hard pressure drives change, but even the most committed businesses will need time to respond. We welcome the news that Extinction Rebellion is evolving a new platform, XR Business, to engage business leaders, investors and advisers. To drive things forward, the idea is to convene a meeting of XR activists and experts with business leaders and influencers. Most businesses were not designed in the context of the developing climate emergency. Hence we must urgently redesign entire industries and businesses, using science-based targets. To kickstart the process, businesses should make a declaration that we face a climate emergency and organise a session at a full board meeting to consider the case for urgent action. We will encourage the senior management teams of which we are part to do likewise.

    Seb Beloe, partner, WHEB Asset Management; Thomas Bourne, CEO and co-founder, Greenheart Business; Gail Bradbrook, co-founder, and Fiona Ellis, XR Business, Extinction Rebellion; Amy Clarke, co-founder, Tribe Impact Capital LLC; Christopher Davis, chief sustainability officer, The Body Shop International; John Elkington, co-founder, and Louise Kjellerup Roper, CEO, Volans Ventures; Brad Frankel, CEO and co-founder, Flooglebinder; Jake Hayman, CEO, Ten Years’ Time; Jeremy Leggett, founder and director, Solarcentury; Charmian Love and Amanda Feldman, co-founders, Heliotropy; Andy Middleton, founder and chief exploration officer, TYF Group; Safia Minney, founder & former CEO, People Tree Fair Trade Group; James Perry, partner, Snowball LLP; Paul Polman, former CEO, Unilever; Samer Salty, co-founder and managing partner, Zouk Capital LLP; Sir Tim Smit, founder, The Eden Project, and executive chairman, Eden Regeneration; Hermione Taylor, CEO and founder, The Do Nation Enterprise; Diana Verde Nieto, CEO and co-founder, Positive Luxury; Dale Vince, founder, The Ecotricity Group; Bevis Watts, managing director, Triodos Bank UK; Tim Westwell, co-founder and former CEO, Pukka

  • February 2019
    Plug in suffolk - UK’s first ‘fully open’ electric vehicle charging network
  • Plug in suffolk - UK’s first ‘fully open’ electric vehicle charging network
    Suffolk, UK - February 2019

    EO Charging, one of the UK’s leading electric vehicle (EV) charging manufacturers, has today launched ‘Plug In Suffolk’ in partnership with Suffolk County Council and renewable energy provider Bulb.

    This is the country’s first ‘fully open’ public fast charging network for electric and plug-in hybrid vehicles, meaning EV drivers simply pay by contactless payment with no need to register with networks or become members of organisations.

    The first ‘Plug in Suffolk’ charging location has today been unveiled at Urban Jungle Plant Nursery and Cafe in Beccles. The company offer two 7kW EO chargers alongside the EO Pay kiosk, allowing members of the public and employees to charge their electric vehicles.

    ‘Plug In Suffolk’ will see the installation of electric vehicle charging stations (up to 400 individual sockets) across the county at 100 key locations and business addresses. Once completed the charging network will be available for all plug-in vehicle drivers with each charging location listed on or searchable via Zap Map and Google Maps.

    Charlie Jardine, Founder and CEO of EO Charging, said:
    “Suffolk’s existing charging infrastructure is simply not fit for purpose if we are to see the mass adoption of EVs across the county. The ‘Plug In Suffolk’ network will play a vital role in increasing the density of publicly available fast EV chargers and will ensure that driving electric in Suffolk is hassle-free. Charging should be as easy as buying groceries, simply tap-and-go!

    “We want to support Suffolk County Council’s ambition of Creating the Greenest County and firmly believe that implementing this network is an important piece of the puzzle. We’re also pretty excited to be launching the network on our home soil here in Suffolk!”

    Councillor Richard Rout, Cabinet Member for Environment and Public Protection at Suffolk County Council, said:
    “We’re working to reduce the barriers that drivers face when thinking about switching to EVs here in Suffolk. Installing charging infrastructure that not only covers a large rural area but is also available to all electric vehicle drivers is most certainly a challenge! We’re confident, however, that the ‘Plug In Suffolk’ network will be a solution for many plug-in drivers.

    “The network is another commitment towards Creating the Greenest County for Suffolk and will drive traffic to Suffolk’s businesses and provide them with the opportunity to financially capitalise on the increasing demand for EV charging in the region. Given their technical and local expertise, it is exciting to launch this initiative alongside Stowmarket-based EO Charging.”

    EO Charging has also partnered with Bulb, Britain’s biggest green energy supplier, to offer Suffolk businesses the opportunity to switch to 100% renewable electricity. Businesses that become a part of the ‘Plug In Suffolk’ network will be able to switch to Bulb, who provide affordable renewable energy at prices on average 15% lower than standard energy tariffs offered by the ‘Big Six’.

    Alexandra Deschamps-Sonsino, Head of Bulb Labs, said:
    "We're delighted to be partnering with EO Charging and Suffolk County Council to bring convenient EV charging to the people of Suffolk. We're on a mission to make the UK the greenest country on earth and are working to support the widespread adoption of electric vehicles in the UK. ‘Plug in Suffolk’ represents a significant step on the way towards building the infrastructure we need to make that happen.”

    Suffolk businesses can now apply to become part of the ‘Plug In Suffolk’ network, by completing a simple application form at

    Businesses that install the ‘EO Pay’ unit and become part of the ‘Plug In Suffolk’ network, will be able to charge visitors to charge their electric vehicle. Host businesses have the option to pay upfront for the chargers or alternatively can spread the cost through EO Charging’s new pay per day funding model – ‘Charging-as-a-Service’.

    EO Charging is currently in discussion with a number of other counties and local authorities across the UK to launch similar projects to support the growing popularity for electric and plug-in hybrid vehicles.

    For further information or to apply to join the ‘Plug In Suffolk’ network head to

  • February 2019
    Zouk Capital announced as preferred bidder for the Charging Infrastructure Investment Fund
  • Zouk Capital announced as preferred bidder for the Charging Infrastructure Investment Fund
    London - February 2019

    Zouk Capital announced as preferred bidder for the Charging Infrastructure Investment Fund

    Zouk Capital, the infrastructure and private equity fund manager, is entering into exclusive negotiations to manage the UK Government’s CIIF fund.

    The CIIF is a £400m investment fund – £200m raised from the private sector will match the £200m from the UK Government. The fund was announced in the Autumn Budget 2017 amongst a package of measures aimed at helping to increase the uptake of electric vehicles (EVs) in the UK. Increased adoption of EVs will play a pivotal role in both the decarbonisation of the UK’s transport sector and much needed improvement in air quality as well as ensuring the UK continues as a global leader in the EV revolution.

    The dual policy objectives of the CIIF are to enable faster expansion of public EV charging networks and to increase the amount of capital invested in the sector via a catalytic effect.

    London-based Zouk Capital, which has extensive experience in the EV charging infrastructure sector in the UK, was selected after a detailed bidding process run by the Infrastructure and Projects Authority. The fund will be invested in UK companies and platforms that comprise all elements of public EV charging infrastructure in order to make a commercial return for the UK Government and private sector investors. Subject to negotiations, it is expected that the fund will launch in Spring 2019.

    The Exchequer Secretary to the Treasury, Robert Jenrick, said:

    “Today’s announcement is a crucial step in our plans to safeguard our environment.

    “We want to increase the number of electric cars on our roads, but to achieve this we need to ensure drivers have access to the right infrastructure, including charge points.

    “That’s why the Chancellor announced £400 million of investment to make this a reality, revolutionising the way we travel, creating jobs and protecting our natural environment for future generations.”

    Matthew Vickerstaff, Interim Chief Executive, Infrastructure and Projects Authority said,

    "I am pleased to confirm that we have entered into exclusive negotiations, on behalf of HM Treasury, with Zouk Capital LLP as sole fund manager for the Charging Infrastructure Investment Fund.

    “Subject to these negotiations and detailed due diligence, we hope to launch the fund in Spring 2019."

    Samer Salty, Managing Partner of Zouk Capital said,

    “We are delighted to have been selected as preferred bidder by the UK Government for this important mandate to create the Charging Infrastructure Investment Fund. The CIIF sets the UK Government at the forefront internationally of support measures required for the electric vehicles ecosystem to flourish. This fund will build a lasting public EV charging network that runs on clean energy, is fully open access and highly reliable to meet the needs of EV drivers today and give those yet to join the EV revolution the confidence to do so.”

    About IPA

    The Infrastructure and Projects Authority is the government’s centre of expertise for infrastructure and major projects. The IPA supports the successful delivery of all types of infrastructure and major projects: ranging from railways, schools, hospitals and housing, to defence, IT and major transformation programmes. The IPA works with government and industry to ensure infrastructure and major projects are delivered efficiently and effectively, and to improve performance over time. The IPA reports to both the Cabinet Office and HM Treasury.

  • November 2018
    InstaVolt celebrates 200 milestone
  • InstaVolt celebrates 200 milestone
    UK - November 2018

    In the race to ensure the UK is prepared for an increasing number of electric vehicles, InstaVolt has installed an impressive 200 rapid chargers in a year.

    InstaVolt has installed its 200th rapid charger, having put its first unit in the ground in Devon just over 12 months ago.

    Since then, the company has become one of the biggest brands in public charging, and recently topped user satisfaction rankings for electric charging networks in the country that can be used by multiple models of EVs. Its popular ‘tap to pay’ chargers, which can be used with just a contactless payment card and without the need to first register for an account, can be found at petrol forecourts, Bannatyne Health Clubs and an increasing number of leisure and retail centres across the country.

    CEO Tim Payne says the speed at which InstaVolt has reached the 200 milestone, and results of the Zap-map driver survey, is proof that well capitalised private firms are leading the charge when it comes to expanding the UK’s public charging infrastructure.

    He said: “We are delighted to have reached this landmark in such a short time and it’s a credit to the team here and our stakeholders and partners who also do a terrific job. Our 200th station has been installed at Locks Heath Shopping Village in Hampshire. Retail sites are an ideal location for our rapid chargers as they offer drivers an easily accessible location with plenty of amenities, and are a natural fit with dwell times that match typical charging sessions.”

    Locks Heath Shopping Village is located just off the M27 junction 9 – an ideal location with big brand names like Waitrose, Costa Coffee and Iceland together with a range of independent outlets.

    Tim continued: “At a time when the government is under pressure to ban the sales of new petrol and diesel cars by 2032, bringing forward its original date by eight years, the need for reliable public charging infrastructure is greater than ever. Drivers will only feel ready to transition to EVs when they have confidence in the public charging infrastructure. This means providing a network with the highest level of reliability and customer service. The private sector is perfectly aligned with customer needs in this regard, as I believe the most reliable and accessible network will quickly become the most popular with drivers. We’re proud that drivers have recognised our efforts in the latest Zap-map survey.”

    There are currently 10,888 public chargers in the UK. The majority of these are slow chargers which can take many hours to fully recharge a vehicle. Only 1,823 public chargers are rapid chargers, requiring just minutes to add significant range. InstaVolt believes that rapid charging will quickly become the principal means of public charging.

    Tim concluded: “In order for drivers to drive an EV in the same way that they are used to driving a conventional vehicle, they need to be able to recharge quickly and continue their journey. By using the InstaVolt network of rapid chargers drivers can be confident of a reliable experience, and being back on the road in minutes.”


    About InstaVolt

    Headquartered in Hampshire, our senior management team bring many years of experience from the electrical engineering and energy services industries.

    Backed by a £12m equity investment by private equity firm Zouk Capital, the company is on track to be the largest owner-operator of rapid DC charging stations in the UK .

    Our services benefit electric vehicle drivers, the landowners that house the charging units and, ultimately, the UK’s environment by supporting use of less polluting electric vehicles.

  • September 2018
    London - September 2018

    EO Charging, one of the UK’s leading electric vehicle (EV) charging manufacturers, has secured £13m funding from London-based infrastructure investor Zouk Capital, also investors in rapid EV charging business InstaVolt.

    Founded by 27-year-old Charlie Jardine in 2015, EO designs and manufactures EV charging stations for homes, fleets and destinations. Having previously worked at another UK-based charger manufacturer, Jardine was frustrated by the unreliability of existing charging infrastructure and setup EO with a pledge to make simple and reliable EV chargers.

    After 12 months of development in a barn on his grandfather’s farm in Suffolk, EO’s first EV charger was produced. Within months the company secured numerous orders and is currently working with Uber, Addison Lee, Google, Toyota Portugal, Hampshire Police and many others to support their electrification plans.

    To date, EO Charging has manufactured over 5,000 charging stations at its new headquarters in Stowmarket, Suffolk. The business currently sells its products in 25 countries around the world and is expecting to grow rapidly over the next three years in-line with the mass adoption of electric vehicles.

    EO has developed a range of industry leading EV chargers including the EO Genius, a smart enabled charge-point that can connect to the EO Hub and communicate with the grid and be managed by the host. Currently the most cost effective & scalable charging solution for fleets, the EO Genius is used by a number of companies including Gnewt Cargo - operators of London’s largest fully electric final-mile delivery fleet.

    Zouk has earmarked up to £13m for the investment. An initial draw down on financial close will be used by the company to increase the team and continue investing in product development. The remaining funds are reserved to roll out a “Charging as a Service” model with the EO product range. Under this model, hosts will be able to offer their visitors charging infrastructure with £0 upfront cost and have the ability to manage the chargers for their clientele.

    Charlie Jardine, Founder and CEO of EO Charging, said:

    “When we first started in 2015 people were still sceptical of electric vehicles - even my own father. Fast forward three years and not only is demand outstripping supply for electric cars but my Dad is driving a Tesla, and he’s obsessed!

    “We’re currently witnessing a revolution in the automotive industry, one that’s akin to when the combustion engine took over from the horse and cart. EV chargers are more than ‘just a plug’ they’re the gateway to the future of mobility and the first piece of the puzzle in giving people energy autonomy.”

    “We’re a small company with big ambitions and want to become the number one electric vehicle charging manufacturer, for homes, workplaces and fleets, globally by 2025. This investment will catapult EO into an exciting phase of growth and help us shake-up the rapidly growing EV charging industry.”

    Colin Campbell, Partner at Zouk Capital, said:

    “We consider EO Charging to be the most exciting young company in the AC charging space with a unique range of high quality yet competitively priced solutions, software and hardware for commercial and private buyers. This marks Zouk’s third investment in the EV charging market – in both rapid and slow charging models that we believe complement each other across the whole EV charging ecosystem. We have tracked EO for over a year and we believe that Zouk will help unlock the huge opportunity ahead for the company operating in an important part of the EV charging market.”

    EO Charging is currently one year in to a Low Emission Freight Trial with electric final mile delivery firm Gnewt Cargo. The project is funded by Innovate UK, Office for Low Emission Vehicles (OLEV) and supported by the Mayor of London and Transport for London. EO is also part of ‘V2GO’ an Innovate UK funded consortium of eight organisations (including EDF Energy R&D UK, Oxford University, Oxfordshire County Council) to develop and trial ‘Vehicle-to-Grid’ charging on a large scale.

  • December 2017
    Enviromena acquired by arjun
  • Enviromena acquired by arjun
    Abu Dhabi, UAE - December 2017


    Enviromena Power Systems (Enviromena), a leading clean energy project company in the Middle East and North Africa (MENA), today announced it has been acquired by ARJUN INFRASTRUCTURE PARTNERS (AIP).

    UAE-based Enviromena develops, deploys and operates clean energy solutions throughout the MENA region. With a project footprint spanning nine countries, the company has installed more than 17,000 solar systems and has the largest portfolio of solar rooftops in the region. The company has over 175 MW of projects under operation and a further 500 MW under construction.

    Surinder Toor, Founding Partner of AIP, says: “We are very excited to complete this transaction and become part of the incredible story of clean energy in the MENA. We are firm believers in the solar opportunity presented in the region, and see Enviromena as the ideal platform to facilitate our strategy to deploy capital into renewable assets.”
    Sami Khoreibi, Chief Executive Officer of Enviromena, says: “This transaction comes at perfect time for Enviromena. The opportunity to deploy solar assets throughout MENA is happening now, and the strategic support and access to capital that AIP brings to the table enables us to enhance our position as the market leader.

    “We are very thankful towards our previous shareholders, particularly Masdar and Zouk Capital, who were early believers in the potential for solar in the region, and provided valuable guidance and support over our years of growth.”

  • July 2017
    Zouk announces £30m investment into Green Hedge
  • Zouk announces £30m investment into Green Hedge
    - July 2017

    Zouk Capital today announced a £30m investment into Green Hedge Energy UK to develop, build and operate the company’s battery energy storage projects across Great Britain. The majority of projects will be built within the next 12 months and will initially target the ancillary service market, a sector that is expected to change significantly over the next few years.

    Massimo Resta, Partner at Zouk Capital, said: “We are very happy to be joining forces with Green Hedge. The Green Hedge team has a very strong track record in project development, and have done a great job at de-risking the otherwise challenging business case of energy storage. The power sector is changing rapidly due to the rapid growth of renewables and the decommissioning of traditional power generation assets. This creates opportunities for flexible assets such as batteries, and we believe we have the right team to take advantage of those opportunities.”

    Niels Kroninger, Managing Director of Green Hedge, said: “Energy storage is the key to a low cost, low carbon energy system. The entire team at Green Hedge are delighted about the investment and look forward to working with Zouk. The investment will enable Green Hedge to build out and operate our battery energy storage projects as a first mover. This investment would not have been possible without Zouk’s energy sector expertise and entrepreneurial attitude.”

  • December 2016
    InstaVolt powers up for growth with £12m investment package
  • InstaVolt powers up for growth with £12m investment package
    - December 2016

    Electric vehicle charging company InstaVolt is powering up its ambitious growth strategy thanks to a £12m equity investment from Zouk Capital.

    InstaVolt, which provides the rapid charging infrastructure for electric vehicles, plans to use the funding to achieve its target of introducing rapid charging points in more than 3,000 locations by 2020.

    It follows news unveiled in November’s Autumn Statement that the Government is to invest £80m in boosting the country’s ultra-low emission charging infrastructure.

    Colin Campbell, Partner at Zouk Capital said: “Our confidence in InstaVolt’s experienced management team combined with the company’s distinctive open access rapid charging model lead us to believe that InstaVolt will be one of the frontrunners in this fast growing space. In our view, the rapid charging market is a very important part of the electric vehicle revolution and improving air quality.”

    CEO of InstaVolt, Tim Payne, said: “We are fiercely ambitious and rightly so – the electric vehicle market has the potential to dramatically reduce pollution in the UK and this is recognised by the Government through the fact it is investing millions in improving charging infrastructure. The funding from Zouk will allow us to bring our five-year growth plan to fruition, introducing more than 3,000 rapid charging points in the process.”

    InstaVolt, headquartered in Basingstoke, aims to improve air quality and reduce carbon emissions by making the UK an easier place to drive an electric vehicle. According to Government statistics, one of the biggest barriers that deters people from buying electric vehicles is the fear of not being able to recharge. InstaVolt aims to change this by introducing thousands of rapid charging points all over the country.

    Unlike many other providers, InstaVolt’s ‘open charger’ model allows anyone to use its charging points on a pay-as-you-go basis. The 50kW rapid charging units can provide an 80% charge in just 30 minutes and are listed on popular website,, so they are easy to locate.

    The company is working with local authorities, businesses and land owners across the UK to install the rapid charging points, which deliver a financial return for those who house them. Among the organisations embracing InstaVolt’s unique solution is Mid Devon Council, which is in the process of installing several charging points across its land.

    InstaVolt is able to install its charging points almost anywhere, including at the roadside and in supermarket car parks. It provides a full service, from design and installation to maintenance and monitoring.

    To find out more about the company visit