Funding

[Funding alert] Utrecht-based Eddy Grid Secures €1.5 Million in Funding

Jan 22, 2024 | By Startup Rise EU

Utrecht-based Eddy Grid secures €1.5 million in funding. Volve Capital, Rockstart's Energy Fund, and Herberth Samsom, the Graduate Entrepreneur fund, led this round.

Utrecht-based Eddy Grid secures €1.5 million in funding. Volve Capital, Rockstart's Energy Fund, and Herberth Samsom, the Graduate Entrepreneur fund, led this round.

Leading angels including Jan Saan of CM.com, Thijs Verheul and Sjuul Berden of United Wardrobe, and Bastiaan van de Rakt of WhyCommitCapital have joined in addition to these significant investors.

Read also - European Tech Community Upscalers Secures Pre-Seed Funding

This money will be used to help Eddy Grid expand more quickly. The team wants to speed the launch of partnerships like the Energy Hubs in conjunction with Skoon Energy and further broaden its offerings to reach clients more widely.

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Sam Rohn, CEO and co-founder of Eddy Grid, commented: “We are incredibly pleased that so many people are eager to help build a greener and more resilient world. There was an enormous amount of interest and support for our plans and confidence in our team. We believe that together with these experienced partners we can accelerate and increase our impact.”

Max ter Horst, Managing Partner at Rockstart Energy, said: “We are thrilled to have Eddy Grid on board in our portfolio and our accelerator program. They have an impressive team with strong commercial skills and a proven track record in building scalable businesses. Their energy management and storage solutions address the urgent pain of grid capacity limitations for C&I customers, which is reflected in their strong traction so far. We look forward to supporting Eddy Grid in expanding their business and impact on the energy transition.”

Auke van den Hout, Managing Partner at the Graduate Entrepreneur fund, added: “With Eddy Grid, companies can scale their access to energy while increasing OI on renewable investments. This is the way to a more sustainable future, a goal shared by the Graduate Entrepreneur fund.”

About Eddy Grid

Established in 2023, Eddy Grid is dedicated to guaranteeing the ongoing accessibility of reasonably priced renewable energy. In addition to promoting sustainable energy use, this helps to hasten the electrification of industry and transportation.

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