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