Eddy Grid banked €7.5M in a financing round funded almost entirely by its existing backers. The investment includes participation from Graduate Ventures and Volve Capital, alongside approximately €1M in secondary transactions for existing shareholders. This raise follows a €1.5M round closed in 2024 and reportedly values the Utrecht-based firm at 20 times its valuation from two years ago.
The company develops algorithms designed to maximise yields from renewable energy assets, including solar panels, wind turbines, and battery storage systems. Its software provides real-time optimisation across energy markets, specifically addressing the complexity of managing multiple energy sources behind a single connection. The firm currently manages over 500 MW of capacity.
Eddy Grid reports it is already cash-flow positive and saw revenue growth of nearly 900% in 2025. Since January 2025, the team has expanded from 16 to 60 employees. The new capital is earmarked for balance sheet strengthening as the company scales its client portfolio and expands its geographical footprint.
Currently operating in the Netherlands and Belgium, the startup is preparing to launch in Germany. This expansion reflects the rising demand for sophisticated energy management software as European nations face increased grid congestion and volatile energy prices.
Originally reported by EU-Startups Daily.