Wintertaling advises Sympower on attracting $22M VC investment

Wintertaling has advised Amsterdam based Sympower on attracting a $22M investment to finance growth in low carbon grid-balancing services from a group of five venture capital (VC) funds, led by US based Activate Capital.

Sympower, which became B-corp certified this year, is accelerating the global transition towards net- zero by helping to build smarter, cleaner renewable energy systems.

Together with Activate Capital, the consortium of VC firms include Expon Capital as well as previous investors Rubio Impact Ventures, PDENH and Rockstart.

This new raise will assist Sympower in transforming Europe’s electricity grid at a critical time in the continent’s history. In order to mitigate the climate crisis whilst ensuring energy independence, flexibility to adapt to renewable, distributed production is key. Sympower adds that flexibility with its proprietary software platform that already provides almost 1GW of flexibility to energy grids across Europe.

The funds will allow Sympower to serve more industrial and commercial customers across Europe, including demand-side loads, renewable energy production, electric vehicle charging, and battery storage facilities.

Wintertaling is proud to have been of assistance and congratulates all involved in this transaction.

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