Madrid-based ClimateTech startup Clevergy has raised €3.2 million to accelerate its international expansion after tripling its growth last year.
The round was co-led by Racine² (managed by Serena and Makesense) and Axon Partners Group, with participation from Satgana, Wayra (Telefónica’s CVC), and Angels, Juan Roig’s investment firm.
“Energy retailers have recognised that the industry is evolving and that technology is crucial to staying competitive, enabling households to take on a new role in the energy market,” said Beltrán Aznar, CEO and Co-founder of Clevergy. “We’re already working with leading suppliers in Spain and enabling thousands of families to save on their bills. With this new funding, we can scale that impact across Europe.”
Clevergy’s new round to accelerate international expansion aligns with a broader 2025 trend of European ClimateTech and EnergyTech startups securing funding to scale software-driven energy solutions.
Larger rounds such the €150 million for both Aira in Sweden and Terra One in Germany illustrate investor appetite for large-scale decarbonisation infrastructure, while smaller but focused rounds such as the €3.8 million for OpusFlow in the Netherlands and €4.3 million for Bisly in Estonia show continued momentum in SaaS and automation tools that connect renewable energy assets and end users.
Within this context, Clevergy stands out as one of the few Spanish companies attracting international ClimateTech investment in 2025, strengthening the region’s representation in Europe’s digital energy transition.
“Clevergy is solving today’s core challenges for energy suppliers while building the trust and integration needed for tomorrow’s flexibility markets,” said Margaux Bussière, Principal at Racine². “That track record of growth and pragmatic execution is what makes us confident in their European leadership potential.”
Founded in 2022 by Beltrán Aznar, Álvaro Pérez, and Juan López, Clevergy has rapidly become a trusted partner for Spanish energy suppliers. In just three years, its SaaS platform has been deployed across hundreds of thousands of households, giving customers real-time monitoring of their consumption, optimised solar self-production, and control of smart devices such as EV chargers, batteries, and heat pumps.
EU-Startups has followed Clevergy’s growth trajectory closely over the past two years. The platform first reported on the company’s early momentum in January 2024, when Clevergy raised €1.5 million to lead the home energy management market. Later that year, the startup was featured among 10 fast-growing Spanish startups to watch in 2024 and beyond, and again in The new face of Madrid: 10 startups defining the city’s entrepreneurial spirit.
The energy sector is experiencing a fundamental transformation driven by three structural shifts: decarbonisation, decentralisation, and digitalisation. Europe is one of the leading regions in renewable energy development, achieving a record in 2024 when 47,3% of its electricity was generated from renewable sources.
Households are also participating in this important change, with a growing number of devices connected to the electrical grid. Installations of solar panels, batteries, electric vehicle chargers, and heat pumps are growing at a record pace.
Clevergy’s model looks to respond to this transformation by integrating the new ecosystem of household energy devices into the operations of energy suppliers.
Read the orginal article: https://www.eu-startups.com/2025/10/spanish-climatetech-startup-clevergy-raises-e3-2-million-to-scale-its-smart-energy-platform-across-europe/
