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Modo Energy
OrganisationGB

Modo Energy

Energy market data company that raised £12.7m in July 2026.

Last refreshed: 31 July 2026

Key Question

Why did Modo Energy borrow from a bank instead of selling equity?

Background

Modo Energy raised £12.7m on 22 July 2026 from CIBC Innovation Banking, the Canadian bank's technology lending arm .

Modo Energy is a UK energy market data company that sells to energy traders and asset owners. The weekly roundup names no other backer for this round. A bank's innovation-lending desk lends against revenue, usually with a warrant attached and covenants a venture fund would not impose, which points to debt or a hybrid instrument rather than a priced equity round.

Which instrument a company picks says something about what it sells: debt suits recurring subscription revenue that a lender can underwrite, and a data business billing energy traders and asset owners month after month fits that description better than most startups do. The bulk of last year's UK deal count sat in this lending band rather than in the growth rounds that set the headlines , and a round backed only by a bank leaves no valuation behind for the next investor to argue with.

Common Questions
How much did Modo Energy raise and from whom?
Modo Energy raised £12.7m on 22 July 2026 from CIBC Innovation Banking, the Canadian bank's technology lending Arm.Source:
Why is Modo Energy's £12.7m raise not a valuation event?
The money came from a bank's technology lending Arm rather than a priced venture round, so it should be read as capital raised rather than a valuation event.Source:
What does Modo Energy do?
Modo Energy is a UK energy market data company that sells to energy traders and asset owners.Source:
When did Modo Energy complete its funding round?
Modo Energy's £12.7m raise from CIBC Innovation Banking closed on Wednesday 22 July 2026.Source: