About REstore
REstore is a Business Services company based in Antwerp (Belgium) founded in 2010, and was acquired by Centrica in November 2017. Automated demand response solutions are delivered through a cloud platform. It operates in the Business Services, Energy & Utilities, and Technology sectors. REstore has raised $11.95 million across 2 funding rounds from investors including Centrica, LRM and AXE Investments. REstore offers products and services including Combined Heat and Power (CHP), Heat Pumps, and Commercial Solar Panels. Its focus areas include High Tech, IoT Applications, Industry Specific and Energy. Its legal entity is Centrica Business Solutions Belgium.
Company details
REstore provides automated demand response program solutions to utilities and industries. Allows utilities to deploy Demand Response programmes across their CI customers through its platform FlexPond with the real-time balancing feature. Industry players can subscribe to the platform and participate the demand response programmes initiated by utilities. Claims that it manages a portfolio of over 1,7 GW of peak flexible load in UK, France, Germany, and Benelux, as of Mar18. Clientele list includes National Grid, Arcelor Mittal, Amprion, Tereos among others.
- Headquarters Antwerp, Belgium
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Technology
- Website restore.energy
- Acquired by Centrica (Nov 2017)
- Legal Name Centrica Business Solutions Belgium
Products & Services of REstore
REstore offers a comprehensive portfolio of products and services, including Combined Heat and Power (CHP), Heat Pumps, and Commercial Solar Panels.
Generates electricity and heat for efficient energy use in businesses.
Provides low-carbon heating solutions for commercial buildings.
Installs panels to generate renewable power and reduce costs.
Funding Insights of REstore
REstore has successfully raised a total of $11.95M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $7.71 million completed in July 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.95M
- Total Rounds 2
- Last Round Series C — $7.71M
- First Round $4.24M
(Oct 2012)
- Investors Count 3
All 2 funding rounds of REstore with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2015 | $7.71M | Series C | – | LRM, AXE Investments | – |
| Oct 2012 | $4.24M | Series B | – | – |
4 investors in total: 4 institutional.
Investors in REstore
REstore has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Centrica, LRM and AXE Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
LRM is engaged in providing risk capital and smart money to businesses in Limburg. | lrm.be | Hasselt, Belgium | ||
AXE Investments is engaged in minority investments and ventures. | axe-investments.com | Antwerp, Belgium | ||
A private equity fund focused on co-investments is managed. | aaafund.be | Hasselt, Belgium | ||
Provider of renewable energy producer and supplier services | 1997 | centrica.com | Windsor, United Kingdom |
Investor details for REstore
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of REstore
4 dated milestones of REstore across 7 years, from founding to its latest funding, stage changes and deals.
- Founded REstore is founded.
- Funding First funding round of $4.2M.
- Funding Latest funding round, Series C, of $7.7M.
- Exit Acquired by Centrica.
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Frequently Asked Questions about REstore
REstore was founded in 2010 and raised its 1st funding round 2 years after it was founded.
REstore is headquartered in Antwerp, Belgium.
REstore is a funded company, having raised a total of $11.95M across 2 funding rounds to date. The company's 1st funding round was a Series B of $4.24M, raised on Oct 2012.
Annual revenue of REstore is $29.91M as on Dec 31, 2021.
REstore provides automated demand response program solutions to utilities and industries. Allows utilities to deploy Demand Response programmes across their CI customers through its platform FlexPond with the real-time balancing feature. Industry players can subscribe to the platform and participate the demand response programmes initiated by utilities. Claims that it manages a portfolio of over 1,7 GW of peak flexible load in UK, France, Germany, and Benelux, as of Mar18. Clientele list includes National Grid, Arcelor Mittal, Amprion, Tereos among others.
REstore offers Combined Heat and Power (CHP), Heat Pumps, and Commercial Solar Panels.
REstore has 4 investors. Key investors include Centrica, LRM, AXE Investments, and AAA Fund.
REstore operates through Centrica Business Solutions Belgium.
Yes. REstore was acquired by Centrica in November 2017.