Funding

Enspired funding news – Austria – based Enspired Secures €25.5Million in Series B Round Funding

May 15, 2024 | By Startup Rise EU

Enspired, a company that provides trading-as-a-service on the short-term energy markets, has raised €25.5 million in capital during its series B round to expedite the energy transition by optimising power assets.

SUMMARY

  • Enspired, a company that provides trading-as-a-service on the short-term energy markets, has raised €25.5 million in Funding.
  • Zouk Capital led the round, with participation from Banpu NEXT, Emerald Technology Ventures, Helen Ventures, PUSH VC, Vopak Ventures and Presidio Ventures, 360 Capital, and EnBW New Ventures.

Enspired, a company that provides trading-as-a-service on the short-term energy markets, has raised €25.5 million in capital during its series B round to expedite the energy transition by optimising power assets.

Zouk Capital led the round, with participation from Banpu NEXT, Emerald Technology Ventures, Helen Ventures, PUSH VC, Vopak Ventures and Presidio Ventures, 360 Capital, and EnBW New Ventures.

Read also - AimHi Earth funding news – Climate and Sustainability Training Provider AimHi Earth secures £1Million in Funding

The corporation claims that after "solidifying" operations throughout Europe, its next phase would involve development into Asia and the US. Through the integration of flexibility to new markets, use cases, and income sources inside its trading platform, the firm has prepared its product.

CEO and co-founder Jürgen Mayerhofer said, “We are grateful to be in a position that allows us to choose partners whose ambitions and values align with our own. Going global with our asset-centric trading service will make flexibility so profitable that investments are directed away from fossil fuels into clean energy.
In the last year alone, we enabled over one million tons of emission savings, and this is only the beginning,”.

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John Higelin, Partner at Zouk Capital said, "enspired's AI-based approach to power asset optimization and the dedication to the energy transition represent precisely the type of innovation we aim to support at Zouk,".

About Enspired

Enspired, With their AI-powered trading services, they empower their clients to introduce flexible assets to the European power spot markets and realise their full value, therefore spearheading the energy shift. Their team, which includes of top algorithmic traders, data scientists, and tech enthusiasts, is adamant that trading power will soon undergo a significant transformation; trading screens and conventional optimisation have no place in this new environment.

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