London-based RYE Raises €1M To Help Hospitality And Retail Monetise Energy Demand

The funding will expand RYE’s product offerings. Amid rising energy costs and opaque billing, RYE brings transparency and renewable alignment, piloting at 30+ UK sites.

Diego Vega, Founder and CEO of RYE, shared: Volatility in European energy markets is making energy more expensive for users, while decreasing profitability for suppliers. Energy has become a tax, ultimately making small businesses uncompetitive and inefficient. RYE’s mission is to make energy an enabler of growth, instead of a constraint.

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Unlike traditional systems that rely only on behind-the-meter data, RYE combines on-site insights with tailored forecasting models for retail and hospitality, providing sharper predictions, granular demand analysis, and fewer hidden costs.

Aggregating SME energy demand also enhances off-market renewable procurement. The platform simplifies energy management end-to-end. Funding is co-led by CapitalT and January Ventures, with Earth and Norrsken Evolve also participating.

Eva de Mol, Founding Partner at CapitalT, commented: What sets RYE apart is how deeply the team understands the realities of the energy market. With experience from Europe’s most exciting energy startups, they are perfectly positioned to make energy procurement simpler, fairer, and more reliable.

RYE’s five-year goal is to be Europe’s leading energy intelligence platform for multi-site businesses, enabling retail and hospitality groups to scale efficiently while optimising energy costs.

About RYE

RYE is the smart energy layer for modern businesses. Supported by Europe’s top impact investors, it aims to transform energy from a cost burden into a growth enabler, helping business owners manage, optimise, and scale their energy operations with transparency, efficiency and sustainability.