July 19, 2022
Sympower secures €22 million of further VC investment to accelerate Europe’s energy transition
BIG💸NEWS: our portfolio company Sympower has raised a €22 mn round to fund its European expansion. This news comes at a critical time in Europe’s history. In order to mitigate the climate crisis whilst ensuring energy independence, flexibility to adapt to renewable energy production is key. And you might have guessed it, unlocking sustainable flexibility is exactly what Sympower is great at.
We’re very happy to welcome our friends from Silicon Valley-based cleantech VC Activate Capital and Expon Capital on board in this round. For Rubio this is our 3rd investment in Sympower since our initial investment in 2019, and Sympower continues to exceed our expectations. Sympower is on its way to radically transform the way we currently deal with balancing the grid (for the uninitiated: it’s gas turbine power plants…!) – and this is exactly what the environment needs.
If you’d like to find out more about the new investment, you can read the full press release here: https://sympower.net/sympower-funding-round/