LetterOne

LetterOne is a Luxembourg-based private investment company with a global reach that concentrates on energy and technology investments through its two main units, L1 Energy and LetterOne Technology. It leverages its financial resources and management expertise to pursue value-driven opportunities, often taking an active role in strategy and governance to enhance performance. The group invests across sectors including energy, technology, health and retail, aiming to generate returns through capital deployments and strategic input.

Edmund Packard

Managing Director, Funds

6 past transactions

Tigo Energy

Convertible Note in 2023
Tigo Energy is a solar technology company that designs solar power conversion and storage products and provides hardware, software and services to monitor and manage PV installations. Its product portfolio includes solar optimizers, gateways, Maximizer Management Unit and Cloud Connect interfaces, as well as module-level monitoring software and a mobile app for residential, commercial and utility-scale arrays. The company aims to enhance safety, increase energy yield and lower operating costs by improving system reliability and flexibility across the life cycle. Tigo serves residential, commercial, utility, PPA and government markets and distributes its products through partners worldwide. Founded in 2007 and based in Campbell, California, with an additional office in Tuscany, Italy, it operates across the United States, Europe, Japan, China, Australia, Brazil and the Middle East.

H2scan

Venture Round in 2022
H2scan Corporation, established in 2002 and headquartered in Valencia, California, specializes in manufacturing and distributing hydrogen leak detection and process gas measurement products globally. The company offers two primary product lines: HY-OPTIMA for real-time hydrogen monitoring in industrial processes, and HY-ALERTA for safety-focused hydrogen leak detection in various environments. Their patented hydrogen sensing technology is designed to integrate into diverse industries such as electric power grids, petroleum, nuclear power plants, and chemical production facilities. H2scan serves these markets through a network of distributors across North America, Asia, Europe, South America, the Middle East, Australia, and Africa. The company's strategic partnership with WEIDMANN Diagnostic Solutions enhances its product offerings. Originally formed via an MBO with backing from Chrysalix Energy Limited Partnership and Ravinia Venture Fund, H2scan's technology is based on improvements to systems developed by Sandia National Laboratory.

Plastic Energy

Venture Round in 2021
Plastic Energy is a company focused on addressing plastic pollution by offering innovative recycling services. It specializes in converting end-of-life plastic waste, which is typically unrecyclable, into valuable resources such as clean recycled plastics or alternative low-carbon fuels. By transforming this waste into new feedstock, Plastic Energy provides a sustainable solution that helps clients manage plastic waste effectively. The company's operations not only contribute to reducing environmental impact but also promote a circular economy by turning waste into usable materials.

Qvantel

Venture Round in 2016
Qvantel is a developer of cloud-based business support system (BSS) software tailored for telecom operators. The company provides a no-code, cloud-native digital platform that enables communication service providers (CSPs) to effectively manage customer relationships, product offerings, and revenue streams. Qvantel's comprehensive tools facilitate the complete customer lifecycle, allowing CSPs to innovate services and streamline billing and financial management. By offering future-proof digital solutions, Qvantel empowers telecom operators to transition into digital-first entities, enhancing their ability to attract and engage customers.

Uber Advanced Technologies Group

Private Equity Round in 2016
Founded in 2019, Uber Advanced Technologies Group is a subsidiary of Uber Technologies, Inc. It focuses on commercializing self-driving ridesharing services, aiming to bring safe and reliable autonomous transportation to users worldwide.

FreedomPop

Series C in 2016
FreedomPop is a telecommunications company established in 2011, focused on providing free wireless internet and mobile phone services globally. It aims to bridge the digital divide by offering high-speed internet access and mobile services without cost. FreedomPop's offerings include free international calling and texting, allowing users to communicate and access the internet without incurring charges. By delivering these disruptive mobile services, the company seeks to ensure that everyone, regardless of their location or financial situation, can benefit from essential connectivity.
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