Eneida closes financing round B of 10.5 million euros

Eneidaa Coimbra (Portugal)-based company specialising in Neighbourhood Grid Intelligence for Zero-Emission Neighbourhoods (ZEN), has raised €10.5 million in its second round of funding.

The round was led by Junction Growth Investors, who led the round, and Santander Alternative Investments. In addition, Korys, an Eneida investor, increased his stake, alongside the participation of current investor HCapital and the founders of the company.

The company intends to use the funds to extend its leadership position into new markets, accelerate R&D efforts to further develop its technology for grid operators and new players in the energy sector, and further grow its operational analytics business and platform.

Led by CEO Carlos Pina Teixeira, Eneida.io offers the DeepGrid® Operational Analytics platform, an open, modular and collaborative solution that integrates smart sensor networks with advanced data analytics. It enables distribution system operators (DSOs), new energy companies and their operations teams to improve the management of their low-voltage grids to facilitate the adoption of electric vehicles, heat pumps and solar panels on consumers’ roofs, while reducing grid outages and disruptions in residential areas.

The company operates in Europe, Africa, Australia and New Zealand.

FinSMEs

08.07.2024