KrakenFlex Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 41


  • Latest Deal Type
  • M&A

KrakenFlex General Information


Developer of a cloud-based energy system management platform designed to aggregate and manage different types of renewable energy assets. The company's platform uses advanced algorithms and artificial intelligence to manage and monetize very large portfolios of diversified and distributed energy assets, enabling clients to capitalize on new opportunities, while supporting an acceleration in the use of renewable technologies, and create a more sustainable and efficient power network.

Contact Information

Formerly Known As
Upside Energies
Ownership Status
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Business/Productivity Software
Other Industries
Other Energy Services
Parent Company
Corporate Office
  • UK House
  • 5th Floor, 164-182 Oxford Street
  • London W1D 1NN
  • England, United Kingdom

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KrakenFlex Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
22. Merger/Acquisition 03-Nov-2020 00.000 Completed Generating Revenue
21. Grant 01-Oct-2020 000.00 00.000 Completed Generating Revenue
20. Grant 01-Sep-2019 00000 00.000 Completed Generating Revenue
19. Grant 01-Jan-2019 000.00 00.000 Completed Generating Revenue
18. Grant 18-Oct-2018 00.000 Completed Generating Revenue
17. Grant 01-Sep-2018 00000 00.000 Completed Generating Revenue
16. Grant 01-Jul-2018 0000 00.000 Completed Generating Revenue
15. Grant 01-Jun-2018 00000 00.000 Completed Generating Revenue
14. Early Stage VC (Series A) 04-Jan-2018 $7.38M $8.09M Completed Generating Revenue
13. Grant 01-Jul-2017 $731K $709K Completed Generating Revenue
To view KrakenFlex’s complete valuation and funding history, request access »

KrakenFlex Cap Table

Stock # of Shares
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Ordinary 0,000 00.000000 000.00 000.00 00 000.00 0.000
Ordinary 00,000 00.000000 000.00 000.00 00 000.00 00.00
Ordinary 00,000 00.000000 000.00 000.00 00 000.00 00.000
Tripod 20,000 $0.001342 $67.08 $67.08 1x $67.08 4.26%
Ordinary 20,000 $0.001342 $1.68 $1.68 1x $1.68 4.26%
To view KrakenFlex’s complete cap table history, request access »

KrakenFlex Comparisons

HQ Location
Total Raised
Post Valuation
Developer of a cloud-based energy system management platform designed to aggregate and manage different types of renewab
Business/Productivity Software
London, United Kingdom
41 As of 2021
000000&0 00.000


em ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor inci
Boulder, CO
000 As of 0000
00.00 0000-00-00
000000000000 0000


irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nul
Vancouver, Canada
00 As of 0000
0000000000 0 000.00
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KrakenFlex Competitors (8)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Uplight Private Equity-Backed Boulder, CO 000 0000 000000000000 0000
Clir Venture Capital-Backed Vancouver, Canada 00 000.00 0000000000 0 000.00
etalytics Venture Capital-Backed Darmstadt, Germany 00 0000000000 0
AutoGrid Private Equity-Backed Redwood City, CA 000 00000 000000000000
Powerley Corporate Backed or Acquired Royal Oak, MI 00 0000000000 0
You’re viewing 5 of 8 competitors. Get the full list »

KrakenFlex Executive Team (11)

Name Title Board Seat Contact Info
Devrim Celal Chief Executive Officer
Andrew Molineux Ph.D Co-Founder & Director of Development
Matthew Fisher Co-Founder & Lead Software Engineer
Matthew Potts Co-Founder & Senior Software Engineer
Anthony Waite Executive
You’re viewing 5 of 11 executive team members. Get the full list »

KrakenFlex Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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KrakenFlex Former Investors (13)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Bulldog Innovation Group Venture Capital Minority 000 0000 000000 0
Christopher Joly Angel (individual) Minority 000 0000 000000 0
Department of Energy and Climate Change Government 000 0000 000000 0
EIT Climate-KIC Accelerator/Incubator Minority 000 0000 000000 0
Government of UK Government 000 0000 000000 0
You’re viewing 5 of 13 investors. Get the full list »

KrakenFlex Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Kwest (Business/Productivity Software) 23-Jan-2024 0000000000 Business/Productivity Software
Sennen 15-Dec-2023 0000000000 Business/Productivity Software
depsys 01-Dec-2022 Merger/Acquisition Business/Productivity Software 000000 00
To view KrakenFlex’s complete acquisitions history, request access »

KrakenFlex Subsidiaries (2)

Company Name Industry Location Founded
Sennen Business/Productivity Software Bristol, United Kingdom 2015
depsys Business/Productivity Software Puidoux, Switzerland 0000
To view KrakenFlex’s complete subsidiaries history, request access »

KrakenFlex FAQs

  • When was KrakenFlex founded?

    KrakenFlex was founded in 2013.

  • Who is the founder of KrakenFlex?

    Andrew Molineux Ph.D, Matthew Fisher, Matthew Potts, and Graham Oakes Ph.D are the founders of KrakenFlex.

  • Who is the CEO of KrakenFlex?

    Devrim Celal is the CEO of KrakenFlex.

  • Where is KrakenFlex headquartered?

    KrakenFlex is headquartered in London, United Kingdom.

  • What is the size of KrakenFlex?

    KrakenFlex has 41 total employees.

  • What industry is KrakenFlex in?

    KrakenFlex’s primary industry is Business/Productivity Software.

  • Is KrakenFlex a private or public company?

    KrakenFlex is a Private company.

  • What is KrakenFlex’s current revenue?

    The current revenue for KrakenFlex is 000000.

  • How much funding has KrakenFlex raised over time?

    KrakenFlex has raised $8.09M.

  • Who are KrakenFlex’s investors?

    Bulldog Innovation Group, Christopher Joly, Department of Energy and Climate Change, EIT Climate-KIC, and Government of UK are 5 of 13 investors who have invested in KrakenFlex.

  • Who are KrakenFlex’s competitors?

    Uplight, Clir, etalytics, AutoGrid, and Powerley are some of the 8 competitors of KrakenFlex.

  • When was KrakenFlex acquired?

    KrakenFlex was acquired on 03-Nov-2020.

  • Who acquired KrakenFlex?

    KrakenFlex was acquired by Octopus Energy.

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