Copenhagen-based startup Hybird Energy has raised € 2.4 million in funding to scale its innovative AI-powered energy management solutions.
The round was co-led by Swedish venture capital firm BackingMinds and UK-based Climate VC, Transition, with participation from a strong lineup of existing and new investors, including 2degrees, EIKON Capital, and several notable angel investors from the tech and startup ecosystem.
“Hybird’s technology has a real chance to make a significant impact on our energy grid – not in 10 years, but today. The combination of an experienced founding team and a truly refined product experience – from hardware to software to the end user, really stood out to us. Rarely do we see this level of talent come together, to solve one of our biggest challenges”,
says Jasenko Hadzic, Principal at BackingMinds
Addressing Europe’s Energy Challenges
Hybird Energy develops intelligent electrical panels integrated with an AI-driven energy cloud. The startup aims to tackle Europe’s growing energy crisis, characterized by rising prices and the looming challenge of meeting energy demand by 2030. As the EU moves to phase out fossil fuel power plants and expand renewable energy capacity, issues like supply volatility and inefficiencies in electricity consumption are becoming critical.
“Electrical switchboards have seen no significant innovation since the introduction of Automatic circuit breakers and residual current devices in the 1960s. With Hybird we pioneer a technology driven transformation in the sector, making us the easiest way for companies to participate in the green transition and for electrical contracting companies to finally get a digital overhaul of this key part of their business”
says Thomas Skovby, CCO & Founder of Hybird.
Hybird’s technology makes it possible to cut down redundant energy consumption and meet future energy demand. By offering transparency at the source level and enabling semi-autonomous management of electricity, water, and heating, Hybird empowers companies to actively contribute to the green transition while reducing costs.
A Comprehensive Energy Optimization Solution
Hybird Energy’s unique hardware and software solution provides businesses with granular, real-time data on electricity consumption. Replacing traditional electrical panels with Hybird’s intelligent panels allows companies to monitor energy use at the machine level, implement automated rules to optimize power usage, and predict malfunctions before they occur. The platform has already demonstrated its impact, cutting energy consumption by an average of 30% for real estate and industrial clients.
“There are massive energy savings waiting to be unlocked in commercial buildings. As more renewable energy comes online on the grid there is a growing need to better manage electricity at the point of use. The key to doing this at scale is combining hardware and AI to automate decision making. Hybird’s breakthrough platform is set to completely revolutionise how electricity use is managed and open up a world of new possibilities.”
says Ari Helgason, General Partner at Transition
Currently operational at 15 sites across Denmark, Hybird is helping balance the local energy grid while reducing CO2 emissions. The company plans to use the new funding to expand its reach across Europe, enhance its automation capabilities, and extend its platform to include water and heating controls, creating a complete energy optimization solution.
A Solution for Sustainability and Savings
The funding round drew support from an impressive roster of business angels, including Ekaterina Gianelli (ex-Inventure), Louise Krogh Rindom (Monta), Jeppe Rindom (Pleo), and several other high-profile angels and family offices. This diverse group of backers underscores confidence in Hybird’s potential to revolutionize energy management for commercial real estate and industrial clients.
With the new funding, Hybird Energy is poised to expand its operations and further its mission to become Europe’s leading “energy cloud,” enabling businesses to optimize their energy consumption and contribute to a greener future.