Amsterdam-based Sympower, a company that aims to bring low-carbon grid-balancing services to Europe, announced on Monday that it has raised an additional €3M in funding. The investment follows the startup’s recent funding of €22M from five venture capital funds in mid-July.
After contributing €22M in the initial round, the additional funding was also made by the same investors in the July round. The current round was led by Activate Capital, a growth equity firm supporting climate and sustainability pioneers, alongside Rubio Impact Ventures and PDENH. Expon Capital and Rockstart also participated in the round.