November 22, 2022

Sympower fuels up to โ‚ฌ25 million in Series B funding

BIG ๐Ÿ’ฐNEWS! our portfolio company Sympower tops up Series B financing to โ‚ฌ25 million amid European energy crisis
 
Just a few months after a โ‚ฌ22 mn round in mid-July and a โ‚ฌ2.3 million grant from the European Innovation Council (EIC) Accelerator program only a month ago โšกSympower secured an additional โ‚ฌ3 million from Activate CapitalPDENH and of course #Rubio ๐Ÿค—
 
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 plantsโ€ฆ!) – and this is exactly what the environment needs.

๐Ÿ‘‰ Read the full press release here: https://lnkd.in/eUtB5YrE