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Overview
Leap (Leapfrog Power, Inc.) builds a software platform that connects distributed energy resources (DERs) to energy markets to form virtual power plants (VPPs). It aggregates resources such as battery storage, EV chargers, smart thermostats, and building management systems, enabling them to be dispatched to balance the grid, especially during peak demand. The product is API-first and software-only, requiring no specialized hardware, and offers automated bidding, dispatching, performance analysis, and settlement through a single interface for partners to access multiple U.S. energy programs and markets. Leap differentiates itself as a “Stripe for energy,” focusing on API-based integration with technology providers who can monetize flexible energy assets and participate in wholesale and programmatic grid services. Its goal is to decarbonize the electric grid by creating scalable, resilient, and efficient energy systems through VPPs and new revenue streams for partners.
About Leap
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$20.2M
Headquarters
San Francisco, California
Founded
2017
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Simplify's Take
What believers are saying
- August 12, 2026 ELRP A.4 expands battery monetization across PG&E service territory.
- June 2, 2026 Verantum partnership opens commercial-building demand response across multiple U.S. markets.
- Leap’s 2026 product upgrades improve enrollment automation, strengthening partner adoption before summer peaks.
What critics are saying
- PJM and California utility rules can change quickly, compressing revenue from 2026 to 2027.
- Leap’s partner model depends on third-party DER vendors, creating execution risk if integrations stall.
- Direct enrollment and automated dispatch invite regulatory scrutiny if customer opt-outs or settlements fail.
What makes Leap unique
- Leap’s software-only API connects DER partners to California, PJM, Texas, and New England markets.
- Leap directly enrolls battery portfolios in California ELRP A.4, removing customer authorization friction.
- Leap manages 400,000+ sites and 100+ technology partners, creating network effects across VPPs.
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Funding
Total Funding
$20.2M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Unlimited Paid Time Off
Paid Holidays
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Hybrid Work Options
Performance Bonus
Employee Discounts
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 2%2 year growth
↑ 2%Leap, a virtual power plant platform, has expanded its offering to monetise battery storage systems in California through the state's Emergency Load Reduction Program (ELRP). The new ELRP A.4 service, available to eligible customers in Pacific Gas and Electric Company's service area, compensates battery systems for exporting energy back to the grid during peak summer hours. Previously, battery exports were not widely eligible for compensation across California grid reliability programmes. The offering also simplifies participation by enabling providers to directly enrol eligible battery storage portfolios, with customers retaining opt-out rights. Leap manages over 400,000 energy sites and devices across US energy markets, working with more than 100 technology partners.
Colorado ONE Fund has invested in LEAP, a space logistics startup based in Lafayette, Colorado, known for its Dual Mode Rocket Engine (DMRE) technology. LEAP aims to provide cost-effective, on-demand launch solutions and plans to launch its first test vehicle within the next year. The investment aligns with ONE Fund's strategy to support aerospace innovations and strengthen U.S. space logistics.
Colorado ONE Fund has invested in LEAP, a space logistics startup based in Lafayette, Colorado. LEAP is developing cost-effective, on-demand launch solutions using its Dual Mode Rocket Engine technology. The investment aligns with ONE Fund's strategy to support innovative aerospace companies. LEAP plans to launch its first test vehicle within the next year, aiming to expand its impact in the U.S. and globally. This partnership is expected to drive innovation and create high-paying jobs in Colorado.
Leap has secured $20M in financing to expand its store network, enhance retail operations, and invest in platform technology and data analytics. The funding round included Tribeca Venture Partners, DNX Ventures, and existing investors. Leap operates over 100 stores in 12 major U.S. markets for brands like Grown Brilliance and Godiva. Additionally, Karen Katz, former CEO of Neiman Marcus Group, has joined Leap's board of directors.
Leap has secured a $20M investment from Tribeca Venture Partners and DNX Ventures, with existing investors participating. The funding will accelerate growth and enhance operations. Leap, which operates over 100 stores for brands like Godiva and Malbon Golf, aims to expand to 130-150 stores this year. Former Neiman Marcus CEO Karen Katz joins the board, bringing her retail expertise. Leap is now profitable after overcoming pandemic challenges.
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About Leap
Industries
Data & Analytics
Energy
Enterprise Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$20.2M
Headquarters
San Francisco, California
Founded
2017
Leap is Hiring for 118 Jobs on Simplify!
Find jobs on Simplify and start your career today