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Ostrom Raises Additional USD8M in Funding

Finsmes 2023.09.11 04:04

Ostrom, a Berlin, Germany-based green energy company, raised additional USD8M in funding.

The round, which brought the total amount to $23M, was led by SE Ventures. Existing investors Union Square Ventures, Adjacent, J12, and Übermorgen also participated.

The company intends to use the funds to further expand its product offerings and solar solutions.

Led by CEO Matthias Martensen, and CMO/CPO Karl Villanueva, Ostrom is a B Corp Certified™ green energy provider that helps consumers control and reduce their energy consumption through its smart energy management platform. The company offers its SimplyFair variable electricity tariff, dynamic pricing SimplyDynamic tariff with smart meter support, Smart EV Charging, HVAC optimization, Solar PV integrations all controlled through an app, and the Ostrom Store for smart home devices.