FrancEnergies Group has raised US$3.5 million

FranceEnergies Group has received an equity investment of US$3.50 million from AXA Private Equity.

FranceEnergies Group is a major player in renewable energy and provides advice and assistance to private individuals, professionals and local government on energy projects. From photovoltaic to heat pumps by way of geothermal and insulation, FrancEnergies Group offers a full range of client-focused solutions.

Arnaud Courtois and Denis Gourjux, co-founders and managers at FrancEnergies Group, said: "We have been looking for a partner who shares our approach to the current challenges in energy control and sufficiency. We decided to team up with AXA Private Equity because of its considerable experience in working with entrepreneurs. Thanks to AXA Private Equity’s investment, we are now well placed to roll out our business model based on our proximity to our clients and our ability to offer large scale high-performance energy solutions. We are determined to create a strong brand in our sector."

Oaklins’ team in France advised FrancEnergies Group on its fundraising.