UrbanChain, the UK鈥檚 third fastest-growing technology company, has appointed Lee Stretton as its new chief technology officer (CTO).
It follows the news that the Manchester-based firm has appointed KPMG to lead their current 拢50m+ Series B fundraise.
Stretton boasts 25 years鈥� experience in tech and FinTech and has previously worked at Monevo and Raisin UK.
He said: 鈥淭o say I鈥檓 excited to have joined one of the UK鈥檚 most disruptive and fast-growing companies would be an understatement.
鈥淯rbanChain鈥檚 energy matching platform has proved itself as revolutionary in the UK, with the company growing by more than 8,000 per cent in the last year.
鈥淎s a technology company, I’ve joined UrbanChain to implement a technology strategy that will meet the requirements of the businesses growth plans both within the UK and to support our international expansion plans.
鈥淚t鈥檚 important that we have a unified tech solution to manage virtual power stations and optimise energy distribution, while ensuring fair prices for UrbanChain customers (generators and consumers).鈥�
Backed by investors including leading European investment group Eurazeo, UrbanChain customers include industrial and commercial companies, office buildings, data centres, local authorities, housing associations, industrial sites and hospitals.
Headcount at the CleanTech firm has increased from 10 to 75 while their leadership team boasts over 300 years of energy and technology business experience, scaling fast growth companies to exit.
UrbanChain founder CEO Somayeh Taheri leads the company from BASE in Manchester Science Park and recently hired energy veteran Graeme Cooper to lead their US expansion.
She said: 鈥淥ur growing pipeline also includes EVs, electric heating systems and grid management.
鈥淟ee joins after Deloitte named UrbanChain third fastest growing UK tech company. He brings a wealth of experience and is a crucial addition to our team.
鈥淭o achieve our global expansion ambitions we will support Lee by hiring more experts that will help us execute the technology roadmap.鈥�