Thu. Sep 21st, 2023

Sympower Raises Additional €3M in Series B Financing

Sympower, an Amsterdam, The Netherlands-based developer of renewable energy systems, raised additional €3M in a Series B funding now totaling €22M.

The €3M round was led by Activate Capital, Rubio Impact Ventures, and PDENH. The €22M round included Activate Capital, VC, Expon Capital, and Rockstart.

The company intends to use the funds to further expand its services to multiple countries across Europe, including Italy, Greece, Poland, Hungary, and the Czech Republic.

Founded by Simon Bushell (CEO), Sympower is using its proprietary software platform to help businesses, grid operators, asset owners and other energy stakeholders around the world reduce their carbon emissions, integrate more distributed renewable energy resources, and generate new revenue streams by participating in demand-side response services.

The company has over 100 employees active in twelve countries. With almost 1GW of flexible distributed energy assets under management across a portfolio of nearly 200 industrial and commercial customers, Sympower is expanding its operations across Europe, contributing to more stable energy grids.




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