🏭 Industry: Energy and Renewable Energy Solutions
📣 Solution: SaaS-based Virtual Power Plants (VPPs) and Energy Management Systems
👯 Founder(s): Tarvo Õng
📅 Founding year: 2014
💰 Investment amount (current round):€2.6 million
🌱 Stage:Growth/Expansion
🚀 Funded by: Soulmates Ventures (Lead), SmartCap, Eneco Ventures, and PKO Bank
🗨️ Investor’s perspective:
Michal Sikyta, Investment Director at Soulmates Ventures:
“Fusebox is transforming energy production and distribution with Virtual Power Plants and Energy Management Systems, delivering tangible results such as reduced energy costs and grid stabilization. The company has demonstrated success in the Nordics and Baltics and is poised for European expansion.”
💡 It will be spent on: Enhancing the SaaS offering, hiring talent, and scaling European market presence.
💬 In their own words:
“This funding allows us to scale quickly and strengthen our presence across Europe, helping clients build their own flexibility business with our modular toolkit,” said Tarvo Õng, CEO of Fusebox.
💪 Their specialty: Modular SaaS solutions for energy utilities and industrial clients, enabling renewable energy integration, storage management, and ancillary market participation.
🔑 Business model: Offering a cloud-based platform for flexible energy resource management, tailored to clients’ business logic, without directly competing in the ancillary market.
👥 Customer profile: Power utilities, industrial and commercial companies aiming to optimize energy use, reduce costs, and generate additional revenue.
