Several tech startups are involved in transforming the energy market in Europe. They are doing so by coming up with innovative solutions addressing the demands for more sustainable energy consumption. One such startup is Stockholm-based Tibber, which claims to be the world’s first digital electricity supplier that makes energy consumption green, affordable and smart.
Secures €55M funding
In a recent development, Tibber has secured $65M (nearly €55M) in a Series B equity funding round. This investment round was led by Eight Roads Ventures and Balderton Capital along with existing investors such as San Francisco-based Founders Fund. Besides the equity round, the startup also secured working capital from Nordea to back its growth.