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Tuesday, March 19, 2024

Finnish startup Synergi raises €800K pre-seed to start decarbonizing the grid

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Helsinki-based startup Synergi has collected €800K in a pre-seed round from Lifeline Ventures, APX, Wave Ventures, TK Ventures, Cape Capital, and Kenneth Blomqvist. The startup connects households to energy markets to make electricity usage more cost effective and climate-friendly. The software works well with electric and plug-in hybrid vehicles, and the team aims to make the platform friendly to other significant energy resources by the end of next year. Synergi’s technology has already met some people on its pilot run. The funding will allow the team to release the product to more.

Lifeline Ventures, the lead investor in this round, is most known for investing in companies such as Wolt, Smartly, and Supercell.

Synergi, Lifeline Ventures, Juha Lindfors“We are very happy to team up with Antti, Harri, and Petrus. They are one of the most promising and most ambitious teams from the Finnish startup ecosystem – building an important company with a substantial addressable market”, says Juha Lindfors, partner at Lifeline Ventures.

APX is a joint venture backed by the car manufacturer Porsche. The most notable investments of APX include companies such as N26 and getquin. Synergi is APX’s first investment in Finland.

Synergi, APX, Joerg Rheinboldt“Synergi is an exciting team working on a progressively pressing challenge – demand response. We are thrilled to support them in realizing their vision to turn households into active contributors in the energy sector. “, says Joerg Rheinboldt, Managing Director of APX.

Click to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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