Canaccord Genuity has advised Gorilla on its €23M Series B fundraise

Canaccord Genuity is pleased to announce it has advised Gorilla, a technology company that enables energy retailers to deliver sustainable impact across their commercial operations by gathering and processing vast amounts of business-critical energy data, on the close of its €23M Series B fundraise.

Founded in 2018, Antwerp-based Gorilla works with global energy retailers across Europe, the U.S., Australia and other geographies, including British Gas’ parent Centrica, Shell Energy, and Atlanta, Georgia-based Gas South. Using Gorilla’s cloud-based platform, these companies can process vast amounts of energy data and derive actionable insights on consumers’ consumption and own energy production patterns, allowing them to achieve significant improvements in operational efficiency, profitability, and make better use of renewable energy sources. 

With solutions for pricing, forecasting, and portfolio analysis, Gorilla clears the path for energy companies to accelerate their net-zero transformations, react to market volatility, and adapt to regulatory changes, all while dramatically increasing their operational velocity by generating energy quotes more quickly and launching innovative B2B products.

This investment round is led by global venture capital firm Headline, with support from existing investors Beringea and the Flemish investment company PMV. 

“No one knows what the energy sector will look like 10 years from now. But in the path towards it, innovation is key. This investment into Gorilla will help energy retailers across the globe become more agile in their commercial offering while pushing or getting pushed towards net zero. This funding supports our expansion into major markets like the U.S. and Germany, where the energy landscape is rapidly evolving and seeing increasing demand for data-driven solutions,” stated Ruben Van den Bossche, Co-founder and CEO of Gorilla.