Accelerating the Green Energy Transition
Synergi, a Finnish technology company driving sustainable energy adoption, has raised €2M in a successful seed funding round. Led by Greencode Ventures, the funding round also welcomed new investor Vaens, alongside Lifeline Ventures, APX (the first-cheque investor of Porsche and Axel Springer), and Wave Ventures. The raised capital will enable Synergi to expand its operations and accelerate its mission to connect European homes and utilities to flexibility markets.
Tackling Europe’s Energy Challenges
The European Union’s ambitious decarbonisation targets have spurred significant progress in electrification and renewable energy adoption. However, these advancements come with challenges. Electricity demand is expected to increase by 60% by 2030, putting immense pressure on existing grids. Renewable energy sources, while essential, introduce unpredictability, making it harder to balance supply and demand.
Synergi’s innovative approach leverages household energy flexibility to address these challenges. Through Virtual Power Plants (VPPs), the company aggregates customer-owned energy assets like electric vehicles (EVs), heat pumps, and solar panels. These assets can adjust energy consumption patterns to relieve grid stress during peak times while also creating financial incentives for users.
Empowering Households and Utilities
Synergi launched its platform in 2023 with a vision to involve both households and utilities in the green energy transition. Central to this is the Synergi app, designed to optimise energy use during eco-friendly and cost-effective periods. The app has already proven its value, helping thousands of European users save up to 50% on EV charging and 20% on heating costs annually.
“Flexibility is a game-changer,” said Antti Hämmäinen, CEO and Co-founder of Synergi. “Our platform allows utilities to tap into flexibility markets, enabling them to generate revenue while providing their customers with a seamless experience through the Synergi app.”
An Untapped Opportunity
Energy flexibility represents a largely unexplored area in the energy market. By engaging utilities and consumers, Synergi’s business model creates a collaborative ecosystem where all stakeholders benefit. “Synergi’s approach balances the grid, strengthens its resilience, and provides economic incentives for users,” said Ines Bergmann-Nolting, Managing Partner at Greencode Ventures.
Expanding Reach and Capabilities
With this funding, Synergi plans to enhance its platform and grow its presence in Nordic and central European markets. Key investments will focus on hiring in engineering, sales, and marketing. These developments will position Synergi to expand its footprint in flexibility markets and further its mission of transforming energy consumption patterns.
Shaping a Sustainable Energy Future
As Europe continues its transition to sustainable energy, Synergi is at the forefront, offering solutions that not only address immediate challenges but also pave the way for long-term resilience. By turning households into active participants in the energy ecosystem, the company is creating a blueprint for a more sustainable and flexible energy future.
The €2M funding milestone marks a significant step for Synergi, further cementing its role as a leader in the renewable energy sector.