The seed round, led by Realyze Ventures and Pi Labs, will fund expansion into Germany and Spain as volatile power markets push large industrial firms past their spreadsheets.
Electricity used to move with the seasons. Now it moves by the minute, and the spreadsheets that large industrial firms still rely on to manage it cannot keep up.
Companion.energy, a Ghent startup that automates how big enterprises buy and use power, has raised €7.8mn in a seed round to take that argument across Europe. The round was led by Germany’s Realyze Ventures and UK-based Pi Labs, with Paris impact investor Asterion Ventures, making its first bet outside France, and existing backers also taking part.
Founded in 2022 by two Belgian engineers, Thomas Vyncke and Jonas Verstraeten, Companion.energy sells software to industrial and commercial companies that spend tens of millions a year on energy.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Its platform connects a firm’s energy contracts, operational systems, and distributed assets, including batteries, solar arrays, and EV chargers, into a single system that forecasts demand, models market exposure, and automates decisions as prices shift.
