QUIXOTIC, a Madrid, Spain-based cloud energy management platform provider, has raised €1.3 million in seed funding.
Investors
The round was co-led by Demium and Bynd Venture Capital, with participation from Akka and international business angels.
Demium is a talent investment company that focuses on supporting exceptional individuals in launching their startups, primarily in the digital and technological sectors. The company offers investment and support services to entrepreneurs, including funding, scaling assistance, and access to a network of founders and investors.
Bynd Venture Capital is a venture capital firm investing in seed and early-stage technology companies since 2010 and has made over 50 investments across various verticals and geographies. The firm focuses on Digital IT, Sustainability, Consumer Goods, and Blockchain.
QUIXOTIC Use of Funds
The company will use the funding to enhance its SaaS platform, with the aim of offering new fully integrated cloud solutions and contributing to the further development of the green economy.
About QUIXOTIC
Founded in 2021, QUIXOTIC offers a cloud-based energy management platform that provides comprehensive solutions to energy marketers and communities, facilitating green energy management and billing for innovative products and services. QUIXOTIC has 17 clients, including Repsol and MasOrange.
Funding Details
Company: QUIXOTIC 360 SL
Raised: €1.3M
Round: Seed Round
Funding Date: October 2024
Lead Investors: Demium, Bynd Venture Capital
Additional Investors: Akka, International Business Angels
Company Website: https://www.quixotic.energy/
Software Category: Energy Management
Source: https://www.eu-startups.com/2024/10/madrid-based-quixotic-closes-e1-3-million-for-energy-management-platform-for-marketers/