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
1 min read

SpinLab alumni PipePredict merges with Preventio: Shaping the future of pipeline monitoring

By Linh Pham on Sep 14, 2023 11:30:00 AM

Topics: News Venture Capital
3 min read

SpinLab alumni inContAlert closed its pre-seed funding round with 1.5 Mio. €

By Linh Pham on Sep 7, 2023 10:05:07 AM

Startup inContalert was part of the 14th SpinLab class.

Topics: News Venture Capital
1 min read

SpinLab alumni Reverion secured €8.5 million funding

By Linh Pham on Apr 26, 2023 10:07:50 AM

Startup Reverion from SpinLab class 14th secured €8.5 million investment from UVC Partners, Green Generation Fund, Extantia Capita (the 2nd big Extantia investment in our alumni this year), Doral Energy-Tech Ventures and Landwärme GmbH.

Topics: News Venture Capital
1 min read

SpinLab alumni Magnotherm closed its seed funding round with 6.3 Mio. €

By Linh Pham on Apr 4, 2023 5:20:55 PM

The German climate tech startup MAGNOTHERM, working on sustainable refrigeration technology, has just closed its seed funding round with an impressive €6.3 million. Funds will be used for the mass production of the world's first sustainable refrigerator, which already has a paying customer base. Extantia Capital led the round, with Hessen Kapital, Lauda Dr. R. WOBSER Beteiligungs-GmbH, and Revent also investing, along with four investors from the Better Ventures Angel Club. They're now planning to expand into the commercial refrigeration market, which is worth $37 billion.

Topics: News Venture Capital