Gorilla, an Antwerp, Belgium-based technology company that equips energy providers with real-time data, closed €23 million in Series B funding.
Investors
The Series B funding, led by Headline, with support from existing investors Beringea and the Flemish investment company PMV.
Headline is a VC firm actively on the ground in 7 cities around the world. They invest across geos, leading rounds at every stage. Their Early Stage Funds are based in the US, Europe, Asia, and Brazil, and invest locally and its Growth Funds invest globally from Series B and beyond.
Gorilla Use of Funds
The company will use the funds to further expand in the U.S. and Germany.
About Gorilla
Gorilla provides a cloud-based data processing platform designed to help utility companies maximize efficiency, better understand and manage energy portfolios, and ensure operational stability. With a cloud-based engine and intuitive modeling software, Gorilla automates the process of data collection, transformation, processing, and analysis. Gorilla's customers include well-known energy retailers such as Centrica Business Solutions, ScottishPower, Shell Energy, Gas South, SouthStar, Synergy, Drax, and ENGIE. With offices in Austin, Antwerp, London, and Melbourne.
Funding Details
Company: Gorillini NV
Raised: €23.0M
Round: Series B
Funding Month: June 2024
Lead Investor: Headline
Additional Investors: Beringea, PMV
Company Website: https://www.gorilla.co/
Software Category: Data Processing
Source: https://www.businesswire.com/news/home/20240612928267/en