Plural Energy, a blockchain-based investment platform, announced a $2.33 million pre-seed funding round led by Necessary Ventures and Compound, with additional funding from Volt Capital and Maven 11. The funds will support the launch of Plural’s first tokenized investment asset, a portfolio of solar power projects developed by Solaris Energy, expected later this summer.
Plural Energy aims to democratize access to clean energy investing by leveraging blockchain technology to tokenize assets and allow a wider range of investors to participate. The platform’s first service will enable users to invest in operating solar farms across the United States through smart contracts that accumulate dividends based on the amount of solar energy produced.
CEO Adam Silver emphasized Plural’s mission to build a comprehensive financial system for clean energy investments. Solaris CEO Alex Blackmer praised the partnership, highlighting the ease of raising capital through Plural’s platform.
Plural’s platform features partnerships with top renewable energy developers, a focus on impactful projects under $100 million, and strict regulatory compliance. Its use of blockchain technology reduces transaction costs and management fees, making investments more profitable and accessible.
Founded in early 2023, Plural has rapidly gained momentum, attracting more than 40,000 investors on its waiting list. The company’s advisory board includes industry veterans Benoit Allehaut and Paula Zagrecki. Recent hires, including CTO Kent Kolze and General Counsel Howard “Wood” Steinberg, have bolstered Plural’s leadership team.
Plural Energy aims to expand its offerings and bring more renewable assets to market to accelerate the transition to clean energy.
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