NOX Energy raises €3m seed for international expansion
The software connects heat pumps and solar systems to energy markets through supplier and manufacturer apps.
Seeder Fund, Uneti Ventures, Fair Capital Impact Fund and 100IN also participated.
NOX plans to embed its optimization tools into equipment-maker and energy-supplier apps. It already reports more than 10,000 connected devices, with Eneco and Frank Energie among its customers.
The integration plan places energy-flexibility services within channels households already use, supporting expansion beyond the company’s initial markets.
Use of funds
Expand beyond Belgium and the Netherlands
Integrate NOX’s optimisation into equipment-maker and energy-supplier apps