Delfos Raises €6.3 Million in Seed Round

by Kay Aloha Villamor in January 17th, 2024

Delfos, a Barcelona, Spain-based virtual engineer software for renewable energy assets, has raised €6.3 million in seed funding.  

SaaS Investors  

The round was led by Contrarian Ventures and Headline. Existing investors DOMO.VC and EDP Ventures also participated.   

Founded in 2017, Contrarian Ventures is a venture capital firm headquartered in Vilnius, Lithuania. The firm invests in early-stage companies operating in the next-generation energy sector working on the sustainable energy transition in Europe and Israel.  

Headline is a venture capital firm based in San Francisco, California. Founded in 1998, the firm seeks to invest in companies operating in the fintech, e-commerce, software, digital health, developer tools, open-source, media, digital innovation, and consumer services sectors.  

Delfos Use of Funds  

The company plans to use the capital to drive expansion in Europe, targeting partnerships with renewable energy asset owners, operations/maintenance providers, and utility companies. Delfos aims to expand to the U.S. in 2025 after gaining sufficient traction in Europe and Latin America. 

About Delfos  

Delfos provides real-time virtual engineer software that uses AI and big data to offer automated performance and reliability workflow management for renewable energy estates. The platform, offered as Software as a Service (SaaS) to B2B customers, enables utility companies and renewable energy asset managers to identify potential performance improvements, maintenance issues, downtime risks, and faults in real time through a performance and reliability x-ray. Delfos, headquartered in Barcelona, Spain, and with operations in Brazil, plans to expand its team by hiring 12 employees in Spain and across Europe within the next six months.  

Funding Details            

Company: Delfos Engenharia Ltda  

Raised: €6.3M  

Round: Seed Round  

Funding Month: January 2024                                               

Lead Investors: Contrarian Ventures and Headline  

Additional Investors: DOMO.VC and EDP Ventures     

Company Website:  

Software Category: Virtual Engineer Software for Renewable Energy Assets  






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