Previse Systems secures Lightrock backing to scale in global energy markets

Previse Systems, a leading provider of next-generation Energy Trading & Risk Management (ETRM) software, has secured growth capital from Lightrock to accelerate its expansion and support the rising demand from energy companies facing increasingly complex market exposures.

Previse Systems provides a modern, cloud-native ETRM solution designed for the demands of today’s energy markets. Rapid load growth, renewable intermittency, and bi-directional generation have driven greater price volatility and sharply higher intraday trading volumes. To stay competitive, energy companies now need to process and respond to massive data sets in real time, both to capture opportunities and to manage risks.

Previse Coral addresses this challenge with a scalable, high-performance architecture that adapts to different portfolios and operating models. It enables market participants to process extreme intraday trading volumes, launch new products quickly, and manage the heavy data demands of volatile markets, while keeping infrastructure costs and operational complexity low.

Asbjørn Hansen, Chief Executive Officer of Previse Systems, commented:

The partnership with Lightrock marks a significant milestone for Previse Systems. Their investment underscores the confidence in our innovative technology and our ability to address the complexities of modern energy markets.

With this support, we are well-positioned to enhance our capabilities, scale our solutions, and provide unparalleled value to our clients as they navigate the challenges of the energy transition.

Lightrock has provided equity financing in return for a minority stake in Previse Systems. This strategic investment will strengthen the company’s ability to deliver innovative solutions, mature its operations, and expand its market presence. Lightrock will utilise its networks and value creation capabilities to support Previse Systems' growth in close collaboration with the company’s founders, who retain control of the business.

Nigel McCleave, Partner at Lightrock, commented:

We were drawn to Previse because of the market opportunity, differentiated technology platform, and success working with a diverse set of impressive customers.

However, what excites us most is the quality of the team, their collaborative and transparent approach, and their core commitment to put customers first. We look forward to supporting them as they continue building Previse’s next chapter.

Founded in 2019 by ETRM industry veterans, today Previse Systems already serves more than 20 customers, among them top-tier energy companies.

With the funding from Lightrock, Previse aims to double down on its product development and partnership with existing clients, expand its reach across new product lines, and strengthen its operational and geographic footprint.