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Successfully funded
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Exceedence makes and sells software to help businesses fast track, plan, analyse and de-risk their investments in renewable energy projects. They are launching their new Cloud-based platform with the intention of disrupting the $300bn Renewable Energy industry and create a more sustainable future.
- Launching B2B cloud-based Renewable Energy & Finance Software package
- Targeting an exit via trade sale to customer or partner in 4-5 years
- Products co-developed with a multinational energy company
- University Spinout 2015 and profitable every year since
Exceedence are an Enterprise Ireland HPSU and intend to apply to Enterprise Ireland for further equity funding to match this round (matched funding) once this round is closed, though this is not guaranteed to be granted.
Idea
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201807/c107bcb072be4a763253d712a7bf8eb6.jpg "A view of our combined product with Wood PLC - Optiwave")
A view of our combined product with Wood PLC - Optiwave
:max_bytes(50000)/https://files-crowdcube-com.s3.amazonaws.com/files/opportunity_section_media/original/201807/c2d3f58206ea821673bae9e74a7e5638.jpg "Example screenshot of our new cloud product ExceedenceFINANCE")
Example screenshot of our new cloud product ExceedenceFINANCE
Renewable energy projects require in-depth technical and financial analysis to calculate the energy and income likely to be generated. Our research suggests no standard tool exists to generate these or to stress test an investment. The industry relies on spreadsheets and typically requires businesses to employ a consultant or expert, which can be costly.
Exceedence has created a software solution with the ability to make technical and financial decisions faster, more transparent and robust thus helping fast-track investment in renewables. Developed in a world-class research centre in 2015 from a desktop prototype, we are now ready to launch our new cloud product.
The market was worth $333bn in 2016 and keeps growing. We have generated €713k turnover (€40K Profit) in 2017 and have already made the 1st pre-sale of our cloud product in April 2018. We have won 2 tenders through the Wave Energy Scotland SBRI Programme totaling £585,000.
Exceedence has been featured in the Guardian, Sunday Business Post, Irish Examiner, Irish Times and many trade magazines and industry publications. We are currently co-developing a product with a multinational energy company with an MOU in place.
We have received €100k in pre-seed investment from NDRC in 2016 and the Microsoft Bizspark Plus fund is providing us with $360k worth of services in kind until 2019. Disclosure: loans exist.
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