GreenCom announced a financing round of €12 million led by Shell Ventures.
GreenCom, a Munich, Germany-based energy company, announced completing a funding round of €12 million ($14.5M).
The money was raised from investors led by Shell Ventures and supported by Japanese venture capital firm Energy & Environment Investment (EEI). Existing investors include Centrica, E.ON’s Future Energy Ventures, Munich Venture Partners and SET Ventures.
The proceeds will be used by GreenCom to expand its strategy of international growth and to further enhance its position in the residential energy market from Europe.
GreenCom, founded in 2011 and led by CEO Christian Feisst and Peter Müller-Brühl, built an energy information brokerage platform (eibp), which integrates distributed assets such as solar PV systems, battery storage units, electric vehicle chargers, and heat pumps. Based oneibp GreenCom enables white-label end customers services such as energy communities and energy flat rates. GreenCom also offers optimisation and visualisation of energy flows in homes, to utilities and manufacturers of energy-relevant devices.