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BLIXT secured €5 million in seed funding led by Union Square Ventures and Energy Revolution Ventures to develop software-controlled electricity technology.

Mar 21, 2024over 1 year ago

Amount Raised

€5 Million

Round Type

seed

KistaRenewable EnergyEnergySoftware

Investors

Energy Revolution VenturesUnion Square Ventures

Description

BLIXT, a Stockholm-based startup, secured €5 million in seed funding from investors including Union Square Ventures and Energy Revolution Ventures. The funding will be used to expand production, scale up operations, and further develop their software-defined power systems.

Company Information

Company

BLIXT

Location

Kista, Stockholms län, Sweden

About

BL!XT is the first and only company to develop miniature, solid state circuit breaker and next gen. modular multilevel converters; critical components that will accelerate the transformation to sustainable, all-electric technologies world wide, on all levels of society, like energy, mobility and industry 4.0.Read more about how we Empower the Electrical Evolution at blixt.tech

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

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