CIBC Innovation Banking has provided $17 million in growth funding to Modo Energy, bringing the company's total funding to $52 million raised over six months. The London-based firm operates an AI-powered benchmarking and valuation platform for energy storage and renewable assets. Modo Energy will use the capital to develop Ko, its AI analyst tool, expand its team of over 75 staff, and enter new markets. Ko answers complex market questions and will evolve to handle data analysis and reporting end-to-end. The funding follows Modo Energy's Series B round six months ago, led by Molten Ventures. The company currently covers 15 energy markets, serves more than 200 companies across 30 countries, and its forecasts have helped finance over $3.8 billion of assets.

Molten Ventures has led a £25 million Series B investment in Modo Energy, a market data platform for electrification assets. ETF Partners, MMC Ventures and Fred. Olsen Limited also participated in the round. Modo Energy provides independent benchmarks, revenue forecasts and analytics for batteries, renewables, data centres and grid infrastructure. The platform's AI-powered valuation systems help investors and operators make informed decisions, with billions of dollars of assets already underwritten using Modo's intelligence. The funding will enable Modo to expand from five to 20 markets globally, growing its team across engineering, data science and customer support. The company will deploy advanced AI-powered valuation systems to move beyond traditional consultancy-driven analysis and deepen adoption of its benchmark standards across Europe, North America and Asia-Pacific.