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Heimdall Power raises $25M in a Series B funding round co-led by Orlen and NRP Zero to scale production of Neuron sensors for power grid optimization

PRIVATEJul 16, 2024

Amount Raised

$25 Million

Round Type

Series B

EnergyRenewable Energy

Investors

Sarsia SeedLyseHafslundEvinyInvestinorSteinsvik Family OfficeNRP ZeroOrlen

Description

Heimdall Power, a technology company specializing in power grid optimization, has announced the closing of a $25 million Series B funding round. The round was co-led by international energy giant Orlen, Nordic cleantech fund NRP Zero, and the Steinsvik Family Office, with additional investments from existing investors such as Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed. The funding will be used to scale the production and installation of its Neuron sensors, known as “Magic Balls,” to work with power grid operators to optimize the nation’s aging infrastructure at scale.

Quick answer

Heimdall Power raised $25 Million in a Series B round, dated July 16, 2024. Investors: Sarsia Seed, Lyse, Hafslund, Eviny, Investinor, Steinsvik Family Office, NRP Zero and Orlen.

How much did Heimdall Power raise?
Heimdall Power raised $25 Million in a Series B round on July 16, 2024.
Who invested in Heimdall Power?
Sarsia Seed, Lyse, Hafslund, Eviny, Investinor, Steinsvik Family Office, NRP Zero and Orlen are named as investors in this round.
What does Heimdall Power do?
Heimdall Power is a technology company specializing in power grid optimization for utility companies globally.
Where is Heimdall Power based and how big is it?
Fundz records about 57 employees.
Who are the decision-makers at Heimdall Power?
Fundz holds 1 contact at Heimdall Power. 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 Heimdall Power that raised within 45 days of this round, from Fundz verified event records.

  • PuriFire Energy raised $3.6M (Seed) on August 30, 2024.
  • Beacon Power Services raised $21M on August 30, 2024.
  • Radio Fuels Energy Corp raised $1.1M on August 30, 2024.
  • Sunly raised $334M (Debt Financing) on August 29, 2024.
  • RE Royalties Ltd raised $150K (Seed) on August 29, 2024.
  • Mojave Energy Systems raised $9.6M on August 29, 2024.

Who to call at Heimdall Power, and when

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

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Company Information

Company

Heimdall Power

About

Heimdall Power is a technology company specializing in power grid optimization for utility companies globally. They are known for their Neuron sensors, also known as “Magic Balls,” which can access up to 40% additional transmission capacity from existing power lines. The company aims to address the challenges faced by power grids around the world and enable the ongoing energy transition.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

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

145 of these a day, filtered to the companies you pick, 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.