UrbanChain Appoints KPMG to Lead £50m Series B Fundraise

UrbanChain, the UK’s third fastest-growing technology company, has announced the engagement of global consultancy KPMG to lead its Series B fundraising effort, valued at over £50 million. Headquartered in the North West of England and helmed by CEO Somayeh Taheri, UrbanChain is prominent in transforming energy distribution through innovative technology. The raised funds will be pivotal in maintaining UrbanChain's accelerated growth within the UK, and promoting international expansion in regions such as the US and Europe. Key aspects of the company’s growth strategy include the broadening of its technology upgrade, optimizing AI and blockchain capabilities, and entering new markets. Having been acknowledged by Deloitte as a fast-growing entity, UrbanChain's association with KPMG is a strategic venture to allure global investors committed to sustainable energy. UrbanChain is poised to solidify its position as a significant player in the renewable energy market through its focus on developing local energy markets and including renewable energy in its offerings. This move supports the wider mission to combat fuel poverty and enable community cohesion through sustainable energy solutions.