Ampacimon, a Belgium-based provider of grid monitoring and analytics solutions, raised $10.6 million in Series C funding.
Investors in the round
The round was led by Junction Growth Investors, with continued support from existing investors, including Korys, Noshaq, Creos, and Gesval.
Founded in 2022, Junction Growth Investors is a 125m€ investment fund dedicated to the energy transition. The fund has a long-term investment horizon and is labeled Art 9 under SFDR due to its focus on carbon emission reduction. It invests growth equity in non-listed European scale-ups and SMEs.
As part of the funding round, Pieter-Jan Mermans, managing director at Junction Growth Investors, joins Ampacimon’s Board of Directors.
Ampacimon Use of Funds
The company will use the funding to further develop Ampacimon's grid optimization solutions for transmission and distribution grids and accelerate its expansion, particularly in the U.S.
About Ampacimon
Founded in 2010, Ampacimon is a technology company that offers grid-enhancing solutions to T&D utilities through its proprietary measurement systems and advanced analytics. Their platform enables grid operators to maximize asset utilization, optimize maintenance, and prioritize investments. The company has established a global presence with offices in Belgium, Spain, and the USA. Their solutions are used by prominent industry leaders, including Pennsylvania Power and Light, BC Hydro, San Diego Gas & Electric, Arizona Public Service, Tepco, EdP, Hydro-Québec, Red Eléctrica, and SVK, among others. Ampacimon's mission is to accelerate the transition toward a lower emissions world by providing state-of-the-art grid optimization solutions.
Funding Details
Company: Ampacimon
Raised: €10.0M
Round: Series C
Funding Month: October 2023
Lead Investor: Junction Growth Investors
Additional Investors: Korys, Noshaq, Creos, Gesval
Company Website: https://www.ampacimon.com/
Software Category: Grid Monitoring Solutions for Transmission & Distribution Assets
Source: https://www.globenewswire.com/news-release/2023/10/17/2761231/0/en/Ampacimon-Raises-10-6-Million-USD-in-Series-C-Funding-Led-by-Junction-Growth-Investors-to-Accelerate-Grid-Modernization-in-the-U-S.html