Factor’s electrifying, $35 million exit
New Zealand’s startup scene loves a good success story, but few have moved as fast – or gone as deep – as Wellington energy software venture Factor.
In this week’s episode of The Business of Tech, I talk to Factor co‑founder Jessica Venning‑Bryan to she and co-founder Simon Pohlen assembled a team with serious domain expertise, built a specialised energy pricing platform, landed major customers offshore, and sold to NZX‑listed utility software company Gentrack in barely two years.
The exit, announced in May, was valued at $24.9 million with a $10 million earn-out tied…
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