Fusebox, a Tallinn, Estonia-based startup and flexibility provider in the Baltic states, has secured €2.6 million in funding.
Investors
The round was led by Soulmates Ventures, with support from SmartCap, Eneco Ventures, and PKO Bank.
Soulmates Ventures is a green-investing accelerator company based in Prague, Czech Republic. Founded in 2020, it seeks out entrepreneurs in sectors such as air, water, energy, the circular economy, food & agriculture, mobility, education, and healthcare.
Fusebox Use of Funds
This funding will help Fusebox enhance its SaaS offerings, hire new talent, and strengthen its presence in the EU energy market.
About Fusebox
Founded in 2014, Fusebox provides modular Software-as-a-Service (SaaS) solutions designed to help power utilities and commercial and industrial companies integrate renewable energy, storage, and consumption. Its solutions are used for hybrid site management or can scale into full Virtual Power Plants (VPPs). The company has already expanded to 13 global markets.
Funding Details
Company: Fusebox OÜ
Raised: €2.6M
Round: Unknown
Funding Month: January 2025
Lead Investor: Soulmates Ventures
Additional Investors: SmartCap, Eneco Ventures, PKO Bank
Company Website: https://fusebox.energy/
Software Category: Energy Management
Source: https://www.eu-startups.com/2025/01/320639/