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NOX Energy raises €3M in seed funding to connect home heat pumps to European power markets. Rise PropTech and Volve Capital co-led the round.
PRIVATESep 30, 2026
Amount Raised
€3 Million
Round Type
Seed
EnergyRenewable EnergySolarEnergy ManagementEnergy StorageEnergy EfficiencyPower GridClean Energy
Investors
100inFair Capital Impact FundUneti VenturesSeeder FundVolve CapitalRise PropTech
Description
NOX Energy raised €3 million in seed funding to provide software that links home heat pumps and solar panels to electricity prices and power markets across Europe. The round was co-led by Rise PropTech and Volve Capital, with participation from Seeder Fund, Uneti Ventures, Fair Capital Impact Fund, and 100in. The company has connected over 10,000 devices and counts major energy suppliers Eneco and Frank Energie among its customers. NOX aims to become the infrastructure layer for energy flexibility in Europe, similar to SWIFT's role in banking.
Company Information
Company
NOX Energy
About
NOX Energy is a European software platform that connects home heat pumps, solar panels, and batteries to electricity markets, enabling households to respond to power prices and earn revenue. Founded in 2024, the company acts as infrastructure between energy devices and suppliers/grid operators, similar to SWIFT for energy flexibility. It has connected over 10,000 devices across Europe and counts major energy suppliers like Eneco and Frank Energie as customers. NOX helps households save up to 28% on energy costs while earning up to €200 annually through flexibility services.
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