Assembly Line

Openvolt raises €1.5M Pre-Seed round for its innovative smart meter API

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Openvolt, Cavalry Ventures

Openvolt has developed a smart meter API to enable companies to accurately report carbon emissions, support property owners with the information needed to decarbonise their buildings and to enable ‘the growth of flexibility markets’. It is launching its Beta API, granting access to meter-level energy consumption data in the United Kingdom.

The remote startup, with British and Irish roots, has raised a Pre-seed round of €1.5 million. The round was led by Cavalry Ventures and included participation from Übermorgen Ventures. Funds fuel Openvolt’s recruitment drive to attain its commitment to secure European talent for key roles, in particular remote software engineers.

Read more at Tech EU