Fever, a Stockholm, a Sweden-based company building an API-centric platform for virtual power plants, raised €10M in Seed funding.
The round, which brought the total amount to €11.6M, was led General Catalyst, with participation from previous investors, including La Famiglia and Norrsken VC.
The company intends to use the funds to accelerate its expansion plans, deepen product development, and expand collaborations across Europe.
Led by Klas Johansson, Founder and CEO, Fever provides an API-centric platform that empowers energy asset installers and operators, including leading utility companies, EV fleets, and Battery Energy Storage Operators, to run and monetize their own virtual power plants by unlocking the full potential of market participation, capacity modelling, orchestration, reporting and settlements. The platform predicts, adapts, and optimises energy distribution with precision.
After the launch in Sweden, the company seeks to expand its business and accelerate partnerships across Europe.
In tandem with this financing Niek den Hollander, former Chief Commercial Officer at Uniper and former Senior Vice President and Head of Vattenfall’s Business Area Markets, and Holger Lichtschläger, Managing Director and Founder of Global Experts-Energy Consulting with prior executive positions at E.ON and Uniper, will be joining Fever’s Board of Directors.
FinSMEs
15/02/2024