Europe scales up – Energize leads $13M investment into Elum
One of the first investments Energize made as a firm was in a European leader, Nozomi Networks. Since then we have deployed nearly 20% of our invested capital into the European ecosystem. While others shy from the market we believe there is tremendous climate and industrial technology innovation emerging. Our persistence – and willingness to take the redeye- has helped us become a staple in the Eurpean market and resulted in such investments as TWAICE (Germany), Monta (Denmark), PVcase (Lithuania), Beekeeper, (Switzerland), and Nozomi Networks(Switzerland). We also have an unannounced deal on the continent.
Today I am excited to announce another addition to the Energize portfolio – and to our leading European investment footprint: Energize is leading a $13M Series B investment in Elum Energy, a cutting-edge energy management solution helping to control, monitor, and analyze renewable energy systems around the globe.
We’ve been investing behind the solar theme for close to a decade and believe the space is still in the early innings. We have leadership positions in solar design and sales (PVcase and Aurora Solar) and are making our first investment into the control systems and monitoring side of the solar business model. Solar is the largest for of new energy generation on our planet and the entire technology stack is being developed today to help grow from GigaWatts to TerraWatts.
I believe Energize is the best partner for any capital light business enabling the energy and climate transition. We only make 4-6 new investments per year so it takes a rare founding team and operating plan to get our attention. I met the Elum team in Paris earlier this year and the product and customer obsession quickly made it clear that we had aligned technology visions. The Energize team is very motivated to grow with the Elum team over the coming years and build the best control system for the largest new energy infrastructure asset class. Eileen Waris and Ana Hugener are representing Energize on this investment; and press and the formal “Why We Invested” for Energize can be found here.