FACTOR

stage:
pre-seed

location:
new zealand

industry:
energy

year:
2025

leadership:
jessica venning-bryan
simon pohlen

co-investors:
ice house ventures
func ventures
black nova capital
motion capital
flying fox ventures

website:
https://usefactor.com

careers:
TBA

Factor is developing an AI-powered, API-driven platform that enables energy retailers to grow their margins through intelligent pricing for a rapidly changing energy world.

Energy retailers are using old tools to forecast, price and calculate the cost of energy in a new and rapidly changing world. This demands 80% of pricing and billing team time manipulating data and correcting processing errors to do everyday tasks; and prevents them from operationalising profitable new products and services that will win and retain customers, grow revenue and improve margins.

Delivered as a plug-and-play solution, Prospero enables clients to lift margins by 40%, and operationalise more competitive products for the energy transition that meet the demands of customers, regulators and shareholders.


Notes

TBA