trawa, a Berlin, Germany-based AI-driven energy platform that offers solutions such as energy purchasing and electricity consumption forecasting for businesses, raised €2.4 million in pre-seed funding to develop its AI-based energy purchasing software.
The round was co-led by Speedinvest and Magnetic, with TinyVC and The Delta participating. Several angel investors, including Anna Alex, co-founder of Planetly and Outfittery, Julian Teicke, co-founder and CEO of Wefox, Tobias Schütt, founder and former CEO of DZ4, and Alexandre Berriche, founder and CEO of Fleet, are also backing the company.
With this new funding, trawa will further develop our AI-based electricity procurement software, acquire licenses & partners to serve our customers end-to-end, and grow its team.
“We will offer energy transition from a single source, making trawa a one-stop-shop for businesses. Offering simple but professional customized electricity products, including power purchase agreements that actually match our customers' needs, is our mission. We will now continue to build our product in order to achieve our goal of becoming the digital and data-driven energy provider,” says David Budde, co-founder, and CEO at trawa.
trawa analyzes a company's energy consumption, spend, and impact using AI and then gets to work. It then identifies an optimized, cost-effective, and energy procurement plan that supports decarbonization via a variety of sources (wind, solar, etc.).
As part of the pre-seed funding, trawa is applying for an energy provider license to provide end-to-end customer service.
Company: Future Energy Services GmbH
Round: pre-Seed Round
Funding Month: March 2023
Lead Investors: Speedinvest and Magnetic
Additional Investors: TinyVC, The Delta, Anna Alex, ulian Teicke,Tobias Schütt, and Alexandre Berriche
Company Website: https://www.trawa.de/
Software Category: Renewable Energy
About the Company: trawa offers software solutions and matching electricity procurement services for businesses. The offering enables energy-intensive companies to access renewable energy from solar and wind parks and helps them decarbonize their operations while at the same time-saving costs and protecting themselves against future energy crises. trawa aims to make renewable electricity from wind and solar parks accessible to all industrial companies, thereby driving the clean energy transition. trawa's headquarters is located in Berlin, Brandenburg.