Tibber raised a $12 million Series A funding from Founders Fund and existing investors.

Norway Sweden Investments 19 March 2019
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Tibber, a Stockholm, Sweden and Oslo, Norway-based company providing a smart energy assistant via a mobile application, announced closing in a $12M investment round.

The money was provided by new and existing investors, including Founders Fund, Wellstreet, BKK, Petter Stordalen and RFF Vest.

Tibber, founded in 2015 by Daniel Lindén and CEO Edgeir Aksnes, developed an energy consumer service for house owners that works as an intelligent assistant that can buy, control and save energy. The app automatically switches power producer and lets people control the power consumption for a fixed price, working for both electricity for homes and electric cars.

In 2018, Tibber launched a smart charging feature for Tesla and other electric cars and hybrids, claiming to save 20% off the charging price compared to the rest of the market. The company has 40k clients and 25% of them are smart homes, whereas customers are able to control their power usage through Tibber-connected devices, such as electric-car charging, connected thermostats and smart plugs.

Tibber has 21 employees and currently operates in Sweden (Stockholm), Norway (Førde) and Finland (Helsinki). Prior to this deal, the company raised $3.2M.