AZZO Secures $20M Series A Investment from Angeleno Group
Deal News | Dec 19, 2024 | Angeleno Group LLC
Adelaide-based AZZO, an energy management software and services company, has secured $20 million in Series A funding from Los Angeles-based growth capital firm Angeleno Group, marking its first equity investment. AZZO was founded in 2005 by John Azzollini following Mitsubishi Motors' exit from Australia. The funding round draws investment from both Angeleno Group, known for its focus on clean energy and climate solutions, and AZZO's management team. To date, AZZO has not utilized government grants or debt finance.
Sectors
- Energy Management Software
- Private Equity
- Clean Energy and Climate Solutions
Geography
- Australia – AZZO, the target company, is based in Adelaide, Australia.
- United States – Angeleno Group, the investing firm, is located in Los Angeles, California, USA.
Industry
- Energy Management Software – AZZO operates in the energy management software sector, providing solutions and services for efficient energy usage.
- Private Equity – Angeleno Group is a private equity firm specializing in growth capital investments in clean energy and climate solutions.
- Clean Energy and Climate Solutions – Both AZZO and Angeleno Group are involved in the clean energy and climate solutions sector, focusing on environmentally sustainable investments and innovations.
Financials
- $20 million – The amount raised by AZZO in its Series A funding round from Angeleno Group and its management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AZZO | Target Company | Company | An Adelaide-based energy management software and services company founded by John Azzollini. |
| Angeleno Group | Investor | Company | A Los Angeles-based growth capital firm focused on clean energy and climate solutions investments. |
| John Azzollini | Founder | Person | Founder of AZZO and former head of maintenance and engineering at Mitsubishi Motors. |