Clir Renewables’ $27 Million Series B Financing

Osler, Hoskin & Harcourt LLP advised Longbow Capital.

On June 1, 2021, Clir Renewables, a cloud-based AI platform in the renewable energy industry, completed its $27 million Series B financing round, co-led by Longbow Capital and ArcTern. The capital raised in the financing round will further develop ‘smart’ products utilizing industry-wide data to evaluate technical and financial risk with more accuracy. This will also enable Clir to accelerate growth within the existing European and North American markets, and grow its presence in Latin America, Africa and Asia-Pacific. 

Longbow Capital is a private equity investment management company based in Calgary. BDC Capital is the venture capital arm of the Business Development Bank of Canada.

The Osler team consisted of Frank Turner (Picture), Jacob Young and Stephan Pacholok (Corporate).

Involved fees earner: Frank Turner – Osler Hoskin & Harcourt; Jacob Young – Osler Hoskin & Harcourt;

Law Firms: Osler Hoskin & Harcourt;

Clients: Longbow Capital;

Author: Martina Bellini