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Rockstart alumni Sympower raises 1 million euro

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Five angel investors and Enfuro Ventures invest € 1 million in Sympower. The startup was founded in 2015 and developed a cloud-based aggregation platform that provides cost-effective reserve services to the electricity grid. The Sympower software platform responds to disturbances and fluctuations in supply and demand on the electricity grid within seconds, by regulating electricity consumption of industrial systems and machinery across multiple sectors. The investment will be used for international scale-up of it's electricity grid balancing software platform following the successful implementation on electricity markets in Europe.

 

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