Mobile battery pioneer Instagrid raises €8.5M Series A led by SET Ventures
They take mobile electricity where it has never gone before. Their goal is smart green electrification without local CO2 emissions. Their solution is replacing stinky diesel gensets with silent mobile batteries. Today Instagrid makes a big step forward and celebrates the closing of its €8.5M Series A led by SET Ventures and joined by Segnalita Ventures, part of the Swarovski family office which also owns Tyrolit, Germany’s early stage power house HTGF and the Frankfurt-based family office blueworld.group. At the same time, this transaction boosts our Ecosummit track record of successfully matching startups and investors. In fact, Instagrid and SET Ventures met for the first time at Ecosummit Berlin 2019. While this sounds very romantic, the A round is a major milestone for every startup and the beginning of a long-lasting relationship with many board meetings and follow-ons until the M&A or IPO exit.
Read morePeter Krebs pitches the green building software startup Sefaira
Ecosummit TV: Peter Krebs, Co-Founder and CTO of Sefaira, presents the UK-US startup at Ecosummit Berlin. Sefaira provides a web platform for the design, construction and retrofit of sustainable and energy efficient buildings. The startup was founded in 2009 and recently raised €8.5M ($10.8M) from Braemar Energy Ventures, Chrysalix SET and Hermes GPE. Green architecture is a big trend which is also accelerated by new laws. In the UK, by 2016, all new homes and commercial buildings must have a net zero carbon footprint in order to receive construction permission.
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