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Swedish Startup Eliq Secures €10M To Transition Towards Home Energy Use

PRIVATENov 21, 2023

Amount Raised

€10 Million

Round Type

Funding Round

GothenburgEnergySoftwareRenewable EnergyEnergy Management

Investors

FortumValkeaAxpoInven Capital

Description

Swedish software company Eliq has raised a €10 million growth round. The funding round saw participation from existing investor Inven Capital with new investors, Axpo and Valkea. Axpo and Fortum are existing CVCs of Eliq’s current customers, along with additional debt financing. 

Quick answer

Eliq raised €10 Million in a Funding Round round, dated November 21, 2023. Investors: Fortum, Valkea, Axpo and Inven Capital. Eliq is based in Gothenburg, Västra Götaland County, Sweden.

How much did Eliq raise?
Eliq raised €10 Million in a Funding Round round on November 21, 2023.
Who invested in Eliq?
Fortum, Valkea, Axpo and Inven Capital are named as investors in this round.
What does Eliq do?
Eliq’s purpose is to enable the home energy transition by helping utilities, banks, and smart-home providers to empower their customers to make intelligent and sustainable home energy choices.
Where is Eliq based and how big is it?
Eliq is based in Gothenburg, Västra Götaland County, Sweden.
Who are the decision-makers at Eliq?
Fundz holds 1 contact at Eliq. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Eliq that raised within 45 days of this round, from Fundz verified event records.

  • Oxford Quantum Circuits raised $100M (Funding Round) on November 27, 2023.
  • raicoon raised $4.2M (Seed) on October 10, 2023.
  • Natron Energy raised $189M on December 28, 2023.
  • Global Atomic raised $2.8M (Seed) on December 22, 2023.
  • Sage Geosystems raised $45M on December 21, 2023.
  • Aether raised $8.5M (Funding Round) on December 14, 2023.

Who to call at Eliq, and when

A new round usually means Eliq is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Eliq

Location

Gothenburg, Västra Götaland County, Sweden

About

Eliq’s purpose is to enable the home energy transition by helping utilities, banks, and smart-home providers to empower their customers to make intelligent and sustainable home energy choices. We drive digital transformation through our SaaS platform that leverages AI and data collected through unique customer interactions to generate insights that inspire and empower customers to join the fight against climate change. The platform enables active customer relationships based on targeted and highly personalised offers, for non-commodity business growth at a transformative scale. We are advocates for the utilisation of open energy data, for an acceleration in the home energy transition. The fight against climate change is one that we need to tackle together, and we believe in creating strong partnerships with organisations that share our values and passion for a sustainable future. We're entering a phase of rapid growth and are looking for people who are passionate about creating high-quality user experiences and want to be part of our fun, friendly and hard-working team.

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Eliq raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.