
Sympower fuels up to โฌ25 million in Series B funding
BIG ๐ฐNEWS! our portfolio company Sympower tops up Series B financing to โฌ25 million amid European energy crisis
Just a few months after a โฌ22 mn round in mid-July and a โฌ2.3 million grant from the European Innovation Council (EIC) Accelerator program only a month ago โกSympower secured an additional โฌ3 million from Activate Capital, PDENH and of course #Rubio ๐ค
For Rubio this is our 4th!! 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 plantsโฆ!) – and this is exactly what the environment needs.
๐ Read the full press release here: https://lnkd.in/eUtB5YrE