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ENEIDA.IO secured €10.5 million in a Series B financing round led by Junction Growth Investors and Santander Alternative Investments to extend market leadership and accelerate research and development efforts for ZEN.

Jul 05, 2024•about 1 year ago

Amount Raised

€10.5 Million

Round Type

series b

CoimbraEnergySoftwareAnalytics

Investors

Eneida's FoundersH CapitalKorysSantander Alternative InvestmentsJunction Growth Investors

Description

Coimbra-based ENEIDA.IO has successfully completed its €10.5 million Series B financing round led by Junction Growth Investors and Santander Alternative Investments. The funding will enable the company to extend its market leadership, accelerate research and development efforts, and scale its business and operational analytics platform.

Company Information

Company

ENEIDA.IO

Location

Coimbra, Coimbra, Portugal

About

Welcome to our Operational Analytics platform, for the visibility, optimization and control of your LV network. We’re determined to give each neighborhood grid the intelligence it needs, so we have Zero Emission Neighborhoods (ZEN), for everyone, now. eneida.io has developed eneida DeepGrid®: an Operational Analytics platform that enables the operators that run the neighbourhood grid to sense, optimise and control it, so they can enable more electric vehicles connections, more solar panels in consumers’ roofs while reducing grid outages.

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

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