The New Ideas Fund made its first investment, the Portuguese start-up, Eneida.io, was the chosen one! New Ideas now joins the venture capital firm Portugal Ventures, the European organization InnoEnergy and the company founders as a shareholder of Eneida.io.
Eneida.io is a Portuguese technology company, born in 2012 in Coimbra, that developed an Energy IoT Platform, DeepGrid® (made of specific smart sensor networks, software and data science algorithms) for the optimization of the Low-Voltage Network.
On the latest funding round, promoted by Eneida.io, the private equity fund New Ideas and InnoEnergy didn´t miss the opportunity to invest in this promising technology SME, which already has a successful path. In 2017 Eneida.io lead the ranking of the Portuguese Emerging Start-ups in Clean Tech & Industry category, while coming 7th in the global ranking which comprises 40 Portuguese start-ups.
Amongst its clients are some of the largest European energy companies, allowing them to offer their customers a faster integration in their network of Distributed Energy Resources such as Solar PV and Electric Vehicles, and a high quality, secure, and affordable energy supply.
The New Ideas Fund will continue to seek new investments in the areas of Energy, Mobility and Smart Territories that shows good prospects to turn into great business opportunities!
Related Link: Are you still curious about Eneida.io? Visit the website here