What is Greenely?
Founded in 2014 and headquartered in Stockholm, Sweden, Greenely operates a smart energy platform. Its mobile service, developed at the Royal Institute of Technology, automatically connects households' electricity usage without requiring additional hardware. By leveraging data analysis and behavioral science on household consumption patterns, Greenely empowers homes to optimize their energy use and transition towards more sustainable energy practices. The company's approach focuses on providing actionable insights to consumers, thereby driving efficiency and environmental consciousness.
How much funding has Greenely raised?
Greenely has raised a total of $10.9M across 2 funding rounds:
Unspecified
$2.2M
Series A
$8.7M
Unspecified (2021): $2.2M with participation from Silicon Valley Bank
Series A (2024): $8.7M led by Korys
Key Investors in Greenely
Korys
Korys is the entrepreneurial investment company of the Colruyt family, dedicated to shaping a sustainable future through long-term partnerships and investments. The company focuses on three key themes: Conscious Consumer, Energy Transition, and Healthy Living, investing in businesses that align with their commitment to social, environmental, and health challenges.
Silicon Valley Bank
Silicon Valley Bank is a financial institution that provides banking services to technology and venture capital-backed companies. It is known for its deep understanding of the innovation economy and its role in supporting startups and growth-stage businesses.
What's next for Greenely?
The recent major enterprise-level funding and strategic investment signal a pivotal growth phase for Greenely. This capital infusion is likely to accelerate the expansion of its smart energy platform, enhance its technological capabilities, and broaden its market reach. The company is well-positioned to capitalize on the increasing demand for sustainable energy solutions and smart home technology, potentially solidifying its leadership in the sector.
See full Greenely company page
