Dexter Energy was founded in 2017 by Luuk Veeken – a former business analyst with an independent venture capital firm specialised in clean energy investments. It started off as an idea of using machine learning to improve the electricity system. Today, Dexter Energy is a startup that uses AI to help energy companies optimise their portfolios, and yesterday, the company announced that it raised €2M in a Series A funding round led by Newion.
The round also witnessed the participation of existing investors PDENH, Stephen Asplin, and Andreas Gelfort. Newion, that led this round, is an Amsterdam-based venture capital firm focused on early-stage investments in European B2B software companies. Since its inception in 2000, the firm has invested in 70+ companies, among which: Collibra, Reasult, Nallian, Foleon, CustomerGauge, L1NDA, Swipeguide, Taxmodel, Deliverect, APICBASE, ValueBlue, Mediatool, Objective Platform and Filestage.