Yggdrasil Commodities in a DKK 24 million funding round.

Yggdrasil Commodities, an Aalborg, Denmark-based energy trading startup, announced completing a capital funding raise.

The deal was for a 15% equity stake in the company at a company valuation of DKK 160 million ($25.5M) post money. Investors include angel Søren Jørgensen.

Yggdrasil Commodities, founded in 2019 by Søren Bondo Andersen and CEO Søren Agersbæk Jensen, buys and sells electricity on regulated exchanges around the world. The company uses algorithms to analyze tomorrow's electricity prices and compare these with historical data on price developments and weather forecasts.