Energy tech firm Flower has closed its Series A funding with a further €20M, bringing its round to €45M.
The company, which offers software and energy storage solutions, will commence pan-European expansion beginning in 2025.
Led by Northzone, this raise brings total investment in the company to €100M and follows Flower’s acquisition of the largest battery portfolio in its native Sweden. Offering software and energy storage solutions, Flower will commence pan-European expansion beginning in 2025.
Other participants in the round include Giant Ventures, 82an Invest, and Sony Innovation Fund; as well as prominent angels such as EQT Foundation Partner Thomas von Koch, and Founder of game developer King, Sebastian Knutsson.
Flower’s AI-driven software allows grid operators to share data to optimise clean energy supply and demand.
John Diklev, Founder and CEO of Flower, commented: “2024 has already been a pivotal year in the growth of Flower, with our acquisition of Sweden’s largest battery park and the announcement of significant new partnerships. Completing our Series A round, and bringing on board some of Sweden and Europe’s leading investors in the process, is not just a major milestone on the Flower journey, but towards the energy systems of tomorrow that we are helping to build.”
Pär-Jörgen Pärson, General Partner at Northzone, who is joining Flower’s board, added: "We’re very excited about the team’s pioneering approach to addressing the challenges of renewable energy with cutting-edge, AI-driven optimization combined with grid-level battery systems to transform the grid throughout Europe. We have never seen such a fast-moving company.”
Would you like to write the first comment?
Login to post comments