Tech Company Financing Transactions
Hydrogrid Funding Round
On 12/15/2023, Hydrogrid raised $8.5 million in Series A funding from Inven Capital, Karma Ventures and CNB Capital.
Transaction Overview
Company Name
Announced On
12/15/2023
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Series A
Investors
Proceeds Purpose
This funding will enable HYDROGRID to accelerate even further on its rapid growth path over the last years, expand into new markets and enable a successful transition towards a zero-carbon future.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Walcherstraße 11A / Top 13
Vienna, 1020
Austria
Vienna, 1020
Austria
Phone
Website
Email Address
Overview
Developer of a SaaS platform designed to assist in optimal dispatch and commercialization of renewable power generation. The company's platform allows power plant owners to increase their revenues by aligning their production to the power markets and manages everything from the forecasting of the hydrological situation using machine learning algorithms to the optimal marketing of the generated energy on the electricity market, enabling businesses to reduce their daily operational workload.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Janice Goodenough
Chief Financial Officer
Matthew Hobbs
Chief Operating Officer
Annette Mossel
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