Eneida Closes €10.5M Series B Financing

Image source: Eneida

Published on July 18, 2024

Eneida, a Portugal based company specializing in neighborhood grid intelligence for zero emission neighborhoods (ZEN), has raised €10.5M in Series B funding. The round was led by Junction Growth Investors and Santander Alternative Investments, with additional investments from Korys, HCapital, and the company’s founders.

The funds will be used to expand into new markets, accelerate R&D, and scale their DeepGrid® Operational Analytics platform. This platform integrates smart sensor networks with advanced data analytics to help Distribution System Operators (DSOs) manage low voltage networks, supporting the implementation of electric vehicles, heat pumps, and solar panels while reducing grid outages.

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Eneida Closes €10.5M Series B Financing