Tesseract UK secures $78 million in strategic investment

Tesseract UK is a new type of solar provider that aims to decentralize power and provide customers with commission-free energy, where instead of installing solar panels, customers can buy ‘virtual’ solar panels or wind turbines on the app. Tesseract has raised $30 million in traditional equity, with the remainder raised through the sale of its native token. Backers of the round include venture capital firm Balderton, Lakestar, Accel, Low Carbon, Ribit Capital, Box Group and former Formula 1 driver Nico Rosberg.

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