Successful financing round for DEPsys
16.01.2018
The Swiss smart grid solution startup and 2013 Venture Kick alumnus raises CHF 2 million of additional funding from its current investors and adds a new one to the family. The new funds will help further develop the company’s technology and solidify its position in the market.
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In 2016, DEPsys raised an initial financing round of CHF 3 million that enabled the company to industrialize its GridEye solution. Today the startup closes an additional funding of CHF 2 million that will accelerate the development of its applications and increase the company’s market presence internationally. DEPsys acquired this new funding round from its current investors Statkraft Ventures and VNT Management, as well as from a new investor Wecken & Cie. This new milestone will help prepare DEPsys for its upcoming globalization and to position the company as a global market leader with a unique technology.
The Swiss technology company and 2013 Venture Kick alumnus was founded in 2012. It developed a real-time management tool for Distribution System Operators (DSO) called GridEye. By providing modular, scalable and evolutive solutions for traditional low-voltage power networks, the smart grid solution help them cope with the constraints of decentralized production from renewable energies, such as photovoltaic systems, and from high loads, such as electric vehicle charging systems. With this innovative technology, DEPsys aims to become a leader in the energy market.
Find out more details about the financing round here.
The Swiss technology company and 2013 Venture Kick alumnus was founded in 2012. It developed a real-time management tool for Distribution System Operators (DSO) called GridEye. By providing modular, scalable and evolutive solutions for traditional low-voltage power networks, the smart grid solution help them cope with the constraints of decentralized production from renewable energies, such as photovoltaic systems, and from high loads, such as electric vehicle charging systems. With this innovative technology, DEPsys aims to become a leader in the energy market.
Find out more details about the financing round here.