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Ostrom, a Berlin-based digital green energy provider, raised €20M in Series B funding led by Eneco Ventures. The funds will be used to expand operations and development efforts.

Jun 20, 20256 months ago

Amount Raised

€20 Million

Round Type

series b

BerlinSolarRenewable EnergyEnergy

Investors

J12ÜbermorgenAdjacentUnion Square VenturesSe VenturesEneco Ventures

Description

Ostrom raised €20M in Series B funding. The round was led by Eneco Ventures, with participation from SE Ventures, Union Square Ventures, Adjacent, Übermorgen, and J12. The company will use the funds to expand operations and enhance development efforts. This new investment has brought Ostrom's total funding to over €40M.

Company Information

Company

Ostrom

Location

Berlin, Berlin, Germany

About

Ostrom is a digital green energy provider based in Berlin, Germany. The company offers control over household electricity with a flat monthly fee and electricity-at-cost. Customers can choose between two billing options: SimplyFair for predictable billing or SimplyDynamic for smart energy consumption. Ostrom's app allows users to monitor and manage their energy usage while connecting to EVs, chargers, and solar and battery storage.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech