Hybird Energy, a Copenhagen-based startup developing intelligent electrical panels powered by an AI energy cloud, today announced it has secured €2.4 million in new funding to tackle Europe’s energy crisis.
The round is co-led by BackingMinds, a Swedish early-stage venture capital firm, and Transition, a UK-based Climate VC, who are joined by existing investors 2degrees, a private investment company in Copenhagen and the family office for a co-founder of Urban Partners and EIKON Capital.
In addition, joining the round is also Notion Capital’s Pioneer Fund, two family offices and fifteen strategic angels, most notable being Ekaterina Gianelli (Ex-Inventure), Louise Krogh Rindom (Monta), Jeppe Rindom (Pleo), Sune Alstrup (ex-OculusVR), Anders Bo Pedersen (ex-Meta), Christian Legene (Autobutler), Tony Kula (MeetYoo), Lasse Stockholm (Ex-Zenfit), Oliver Rye (Likeminded), and Mickey Switzer Schubert-Suell (Simply).
The funding will be used to scale Hybird’s commercial efforts to address a growing demand for better energy management across Europe, add new automation capabilities to its energy cloud and expand into adjacent water and heating controls as well, building it into a complete energy optimisation platform.
“With the proceeds from this round, we will accelerate our rollout and capture an underserved market with massive potential, commercially and help solve one of the biggest problems of our generation. In the near future Hybird not only cut costs and reduce CO2 emissions for our customers, we become an important component in helping balance the grid, makes it possible to effectively utilize greater parts of the existing electricity grid,” says Søren Berg, CEO & Co-founder of Hybird.
Founded in 2023 by Thomas Skovby, Søren Berg, and Morten Primdahl, Hybird offers a hardware and software solution that enables business owners to take full control of their electricity data and machines.
Once companies replace their current electricity panel with Hybird’s intelligent panels, they receive a granular and real-time picture of all electricity usage, at the source level of a building. From here, Hybrid’s software analyses electricity data to recommend cost savings, implement rules to automatically turn power on/off remotely during specific times, days, weeks etc. and to understand the electricity pattern of every single machine, enabling them to predict malfunctions.
According to Hybrid, their technology makes it possible to cut down on Europe’s redundant energy spending and meet future energy demand, arguing that the EU is currently on the course of not being able to meet energy demand by 2030.
“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 looks to empower companies to take action by providing full transparency at the source level and with its real-time capabilities, enabling buildings to be semi-autonomous in managing their electricity, water or heating.
Hybrid Energy pitches itself as one of the easiest ways for businesses to actively participate in the green transition, while being rewarded with lowered costs that can be added directly to the company bottomline.
According to figures provided by Hybrid, they are currently able to cut energy consumption by 30% on average for real estate and industrial companies and is now live at 15 sites, across several different industries, helping balance the energy grid in Denmark.
“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.
“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
Read the orginal article: https://www.eu-startups.com/2025/01/hybird-energy-secures-e2-4-million-in-funding-to-become-europes-energy-cloud/
