Foley Hoag Represents Energetic Insurance in $7M Series A Financing

October 8, 2021

Foley Hoag LLP represented Energetic Insurance, a Managing General Underwriter (MGU), in the completion of a $7 million Series A financing led by Schneider Electric Ventures with participation from MS&AD Ventures, Atlantic Global Risk, and MCJ Collective. Existing investors Congruent Ventures, SCOR P&C Ventures, MUUS Asset Management, Powerhouse Ventures, and Clean Energy Venture Group also participated in the round. The Series A brings Energetic’s total funding to $12 million, and enables it to expand its team and reach new markets, with a focus on technology development, product offering diversification, and geographic expansion.

Headquartered in Boston, Energetic offers a data-driven approach to developing new risk management products to unlock exponential growth in the renewable energy industry. The company provides a credit insurance policy that covers payment default risk on commercial and utility-scale renewable energy projects. To-date Energetic has placed its credit insurance on projects with over $70M of insured value with 160 sites across 13 U.S. states.

Foley Hoag attorneys Sara Mattern and Mark Barnett represented Energetic in the transaction. 

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Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.