Tech Company Financing Transactions
Gridraven Funding Round
On 2/12/2025, Gridraven received $4.2 million in investment from 42CAP and Icebreaker.vc.
Transaction Overview
Company Name
Announced On
2/12/2025
Transaction Type
Venture Equity
Amount
$4,200,000
Round
Undisclosed
Investors
42CAP (Alex Meyer)
Icebreaker.vc (Aleksi Partanen)
Proceeds Purpose
The funding will be directed toward scaling operations, growing the team, and accelerating the rollout of innovative solutions designed to address the evolving challenges of the global energy sector.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Eha 12-2
Tallinn, 10137
Estonia
Tallinn, 10137
Estonia
Phone
Undisclosed
Website
Email Address
Overview
Gridraven's goal is to help increase grid transmission capacity by 30% globally, and we can do it today! Lack of grid capacity is a key blocker to economic growth: it takes increasingly longer to connect data centers, renewables and industry to the grid, because it takes a decade to build a new power line. But the existing grid is not yet used to its maximum potential. Gridraven's software-only Dynamic Line Ratings unlock 30% more capacity on average thanks to our extremely detailed AI weather model. Power lines are very sensitive to the weather, with only a 2 m/s wind adding 30% more capacity thanks to the cooling effect. Gridraven helps grid operators maximize their grids, globally.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Georg Rute
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We do our best to document every notable VC transaction. VC investment data records on this site are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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