Gorilla, based in Antwerp, has raised €23 million in a Series B funding round to expand its market in Germany and the USA. Gorilla provides a real-time data analysis, computation, and forecasting platform for energy suppliers, helping them set prices. The company serves clients in the UK, Germany, the USA, and Australia.
This investment round, led by venture capital firm Headline, aims to further Gorilla’s market expansion. The Antwerp-based startup sees a future in processing increasing amounts of energy data, especially from smart meters, as energy value chains become more complex. Geopolitical conflicts, like the war in Ukraine, add to market instability, leading to potential mispricing and unforeseen price hikes.
Previously, Gorilla raised €6 million in an earlier funding phase.
