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

Nov 21, 2023•about 2 years ago

Amount Raised

€10 Million

GothenburgEnergy ManagementRenewable EnergyEnergySoftware

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.

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.

Related People

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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