On July 18, 2023, Leap, a leading platform for energy market access, announced it has secured a new capital raise totaling $12 million in equity financing. The funding round was led by Standard Investments with participation by DNV Ventures and Sustainable Future Ventures as well as existing Leap investors, including Union Square Ventures, Congruent Ventures, and National Grid Partners. Leap’s software platform facilitates fast, automated access to energy markets for battery storage systems, electric vehicle (EV) charging, smart thermostats, building management systems, and other distributed energy resources (DERs), making it easy for technology providers and operators to earn revenue in demand response and other grid services programs.

Wilson Sonsini Goodrich & Rosati represented Leap in the transaction. The Wilson Sonsini team was led by Bob O’Connor, Jocqui Kaup, Leslie Stolper, James Newhouse, and Karen Becker, and included support from Josh Gruenspecht, Anne Seymour, Jon Davey, Jennifer McGrew, and Whit Shaw.

For more information, please see the press release.