AZZO secures strategic investment from Angeleno Group for global growth
Deal News | Dec 20, 2024 | Angeleno Group LLC
AZZO, a leading Australian energy management software company, has secured a growth capital investment from the Angeleno Group, a Los Angeles-based venture capital firm specializing in clean energy and climate solutions. The investment is set to accelerate AZZO’s global expansion and further development of its EnergyX IoT platform, which aids in comprehensive energy management for organizations. With a strong track record in optimizing renewable energy management in Australia, AZZO is poised to make significant strides with the backing of Angeleno Group. The investment will also see Dominic Drenen joining AZZO as the Chairman of the Board, leveraging his extensive experience in the energy sector. Both companies aim to contribute significantly to the transition toward more sustainable energy solutions.
Sectors
- Clean Energy
- Venture Capital
- Internet of Things (IoT)
Geography
- Australia – AZZO is headquartered in Australia, and the article highlights the company's significant achievements within the Australian market.
- United States – The Angeleno Group, based in Los Angeles, represents the U.S. investment interest in supporting global energy management innovations.
Industry
- Clean Energy – The article describes investment activities in energy management and clean technology solutions, focusing on sustainability and decarbonisation.
- Venture Capital – Angeleno Group's investment in AZZO typifies a venture capital approach to funding innovative energy solutions and technology companies.
- Internet of Things (IoT) – AZZO’s EnergyX IoT platform is central to the company's offerings, aimed at improving energy management through advanced IoT solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AZZO | Target Company | Company | An Australian energy management company focused on renewable energy solutions. |
| Angeleno Group LLC | Investing Company | Company | A U.S.-based venture capital firm specializing in clean energy and climate-friendly investments. |
| John Azzollini | Founder | Person | Founder of AZZO, pivotal in steering the company’s growth and innovation. |
| James DiLiberto | CEO | Person | Chief Executive Officer of AZZO, guarding the company’s strategic vision. |
| Daniel Weiss | Co-founder and Managing Partner | Person | Co-founder of Angeleno Group, overseeing strategic growth investments in clean energy. |
| Anil Tammineedi | Partner | Person | Partner at Angeleno Group, involved in scaling transformative energy businesses. |
| Dominic Drenen | Chairman of the Board | Person | Appointed Chairman of AZZO’s Board, bringing extensive experience in the energy sector. |