Sympower has successfully raised an additional €3 million, bringing its Series B funding total to €25 million to drive innovations in energy management amid Europe's energy crisis.

Target Information

Sympower, a pioneer in energy solutions, has recently reinforced its financing with a successful raise of up to €25 million in Series B funding. This follows a robust €22 million round completed in mid-July and a €2.3 million grant awarded by the European Innovation Council (EIC) Accelerator program just a month earlier. With this additional €3 million secured from Activate Capital and PDENH, along with continued support from Rubio, Sympower is poised for substantial growth.

Founded with the vision of transforming energy management, Sympower is focused on innovative approaches to balancing the electrical grid, providing sustainable solutions that reduce reliance on traditional gas turbine power plants. Their technology and expertise are increasingly crucial as Europe grapples with energy security amid the ongoing energy crisis.

Industry Overview in Europe

The energy sector in Europe is undergoing a significant transformation as the industry moves toward greener, more efficient solutions. Rapid advances in technology and a heightened emphasis on sustainability have resulted in a great