Modo Energy
Energy market data company that raised £12.7m in July 2026.
Last refreshed: 31 July 2026
Why did Modo Energy borrow from a bank instead of selling equity?
Timeline for Modo Energy
Mentioned in: Modo Energy's £12.7m came from a bank
UK Startups and InnovationBackground
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.
How much did Modo Energy raise and from whom?
Why is Modo Energy's £12.7m raise not a valuation event?
What does Modo Energy do?
When did Modo Energy complete its funding round?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 31 July 2026. Editorial standards.