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We are a company born out of teamwork and collaboration. It’s with the help of our investors that we are able to expand across Europe and accelerate the energy transition.

Sympower Board

Sympower secures €22 million of further VC investment to accelerate Europe’s energy transition.

Transforming Europe’s electricity grid at a critical time in the continent’s history.

Having raised an oversubscribed €22 million investment round from a group of five venture capital (VC) funds to finance growth in low carbon grid-balancing services, we have strengthened our position as a leading European independent flexibility services provider.

The raise is led by Silicon Valley-based Activate Capital, a leading VC and growth equity firm serving climate and sustainability pioneers in energy, mobility, and industrials. Together with Activate Capital, the consortium of VC firms include Expon Capital as well as previous investors Rubio Impact Ventures, PDENH and Rockstart.

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Our Investors

A leading growth equity partner to companies building smart, sustainable systems across the energy, transportation and industrial technology markets. Activate aims to generate best-in-class financial returns while contributing to this vision of the future by investing in entrepreneurial management teams in high growth companies using technology to make the world more efficient, intelligent and sustainable.

A Luxembourg-based venture capital firm backing teams that can shape our shared future in a positive direction. Expon invests in growing tech companies run by awe-inspiring managers that clearly fit within the UN Sustainable Development Goals. Expon strategically diversifies across sectors, industries, geographies, and yes, even UN SDGs.

Rockstart is an early stage accelerator-VC that empowers purpose-driven founders across three domains: Energy, AgriFood and Emerging Technologies. Rockstart has invested in more than 280 startups and its alumni value to date is more than $1bn. Sympower is a Rockstart portfolio company since its participation in the Rockstart program in 2016. Rockstart invested in this round through its €27m Energy Fund.

Rubio Impact Ventures is a leading impact venture fund based in the Netherlands with € 150 million AUM. Rubio invests in world-changing entrepreneurs who unite powerful positive impact with a scalable commercial business; the future-proof approach to successful business. Rubio offers its investments a winning blend of capital, expertise and network access to help them accelerate to the next level.

PDENH is an investment fund of €85 million from the Province of Noord-Holland, established to invest in sustainable and innovative initiatives. PDENH invests in companies and projects that focus on the energy transition, circular economy and sustainable mobility. To be eligible for a PDENH investment, it is important that business activities increase employment and/or innovation in Noord-Holland and that PDENH investments generate financial, economic and social returns.

Koolen Industries’ mission is to make clean energy and clean mobility the new normal for everyone. Available. Attainable. Affordable. Koolen Industries invests in cleantech companies and enables its group companies to perform and cocreate. By working together in the group and with outside partners, Koolen Industries delivers integral turn-key clean energy & mobility solutions to customers through a one-stop-shop concept.

Enfuro Ventures is the joint investment venture from experienced entrepreneurs Erik Schut and Ruud Rijbroek investing in early stage companies that accelarate the energy transition.


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