1 min read

SpinLab Startup Granular Energy raised 7.5 Mio. €

By Linh Pham on Oct 12, 2023 3:26:36 PM

In 2022, consumers worldwide spent 24 billion USD on green energy, often with little information about its source. Granular Energy, a startup that has raised 7.5 million EUR, aims to enhance transparency in green energy procurement and direct consumer spending to where and when clean energy is most urgently needed. The funding round was led by the venture capital firm Norrsken VC, with support from All Iron Ventures, Box Group, Valo Ventures, and participation from existing investors Seedcamp, Revent, and Powerhouse Ventures. The startup provides a new software category to energy providers, automating the management and allocation of energy certificates, improving operational efficiency, reducing risks, and allowing energy providers to offer their customers a completely new level of transparency by showing consumers exactly where their energy comes from and when it was generated (along with the associated carbon emissions). Granular Energy is part of the latest SpinLab startup class.

While there are currently no legal regulations mandating such disclosure, some energy providers are already voluntarily offering this information in response to the growing demand from business customers for greater transparency. The interest is substantial, and Granular Energy's software is already being used by 25 energy providers in 9 countries worldwide.

Topics: News startups energy Venture Capital
3 min read

Apply now for SpinLab - The HHL Accelerator batch #13

By Linh Pham on Oct 6, 2021 10:31:38 AM

SpinLab, one of the top 3 accelerators in Germany, is once again opening its application phase for startups. Ambitious founders who want to accelerate their innovation can apply from now until November 16. 2021 and benefit from the 6-month program. Startups from the fields of e-health, smart city and energy as well as cross-sectional technologies that are related to these topics and are in the pre-seed, seed or growth phase can apply.

SpinLabs own digital learning platform

Topics: startups press release applynow energy ehealth smart city