Oil & Gas
Repsol Buys Gana Energía from Angels
Repsol has acquired a majority stake in electricity and gas supplier Gana Energía. Following the transaction, the founding partners remain as minority
Repsol has acquired a majority stake in electricity and gas supplier Gana Energía. Following the transaction, the founding partners remain as minority owners of the company, while Angels, the investment company owned by Juan Roig, has transferred its stake to the Spanish multi-energy company. Gana Energía, founded in 2015 in the Spanish region of Valencia, operates online and offers 100% renewable energy. The company entered the Lanzadera, startup incubator program in 2018, when it had 12,000 customers, 22 employees, and a gross turnover of EUR10.5 million. Today, the company has 37,000 customers, 55 employees, and a turnover of EUR 25 million.
The startup has received the support of Marina de Empresas, an initiative promoted by Juan Roig, before entering the Lanzadera program and, subsequently, receiving funds from Angels in an investment round of 500,000 euros led by the investment company.
The 2020 financial year was the company's best year so far, despite the difficult situation of the Spanish economy. This was due to its commitment to digitalization, low tariffs, and placing the customer at the center of its business model. In addition, Gana Energía entered the natural gas market last September.