Electricity Maps Raises €5M to Expand Global Operations and Enhance Data-Driven Decarbonization Solutions

Electricity Maps Raises €5M in Funding

Key Highlights:

• Funding Round: Electricity Maps, a climatetech company based in Copenhagen, Denmark, raised €5M in funding.
• Investors: The funding round was led by Transition and Revent.
• Expansion Plans: The funds will be used to expand operations and business reach.

Electricity Maps' Target Market

• Businesses Focused on Decarbonization: Companies and organizations seeking to match their electricity demand with intermittent energy supply in real-time.
• Global Market: Electricity Maps' platform covers over 230 regions worldwide, including the U.S., Europe, Australia, and parts of South America and Asia.
• Industries: Various industries can benefit from Electricity Maps' granular data on carbon emissions and electricity sources, including data centers, electric vehicle charging, and carbon accounting practices.

What Electricity Maps Needs to Buy

• Technology and Data Partnerships: Collaborations with technology and data providers to enhance their platform's capabilities and expand data coverage.
• Business Development and Sales Support: Services to support business expansion and reach new customers in the global market.
• Research and Development: Investments in research and development to further improve their data-driven decarbonization solutions.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.