Sympower raised €3 million in a Series A funding round from Social Impact Ventures and Participatiefonds Duurzame Economie Noord-Holland (PDENH)

Sympower, an Amsterdam, Netherlands-based energy company, announced that it raised €3 million in a Series A funding round.

The funding was provided by the Dutch investment funds Social Impact Ventures and Participatiefonds Duurzame Economie Noord-Holland (PDENH), current investors and team.

The money will be used for the further international roll-out of Sympower’s electricity grid balancing services following successful implementation on electricity markets in Finland and the Netherlands.

Sympower, founded in 2015 by CEO Simon Bushel, provides cost-effective and sustainable balancing services to the electricity grid. The Sympower software platform responds to fluctuations in the supply and demand of electricity grid in milliseconds, by regulating the consumption or generation of electrical installations across multiple industrial and commercial sectors, while taking care not to interrupt primary processes.