LCIF2’s investment provided the cornerstone to RheEnergise’s £720,000 investment round which closed in December. LCIF is a leading investor in low carbon innovators, having made 37 awards to date.
With this investment in the company secured, RheEnergise is seeking to extend this raise with a second and third close of additional investments over the next quarter. It has multiple discussions in train with firm commitments of at least £750,000 in addition to the funding that will be forthcoming through its crowdfunding raise, via the Crowdcube platform. This was launched last week (7th February 2024) and is scheduled to close at the end of February. With the LCIF investment, investment from family offices and institutions and the crowd raise, RheEnergise is on course to secure new investment of at least £3 million.
The financial injection will support the commercialisation…
