Plexigrid

plexigrid.com ↗ ·Gijón ·Seed

Plexigrid is a Spanish-Swedish climate/deep tech company that builds grid intelligence and orchestration software for electricity distribution system operators, with products for real-time low-voltage monitoring (Ari), capacity planning and analytics (Tatari) and flexibility management (Tia). Founded in 2020 as a spin-off of the University of Oviedo, it is headquartered in Gijón (Asturias, Spain) with a second base in Stockholm, and says it operates across 11 markets with 25+ grid operators on its platform. It has raised roughly $11-12M in seed-stage rounds plus a €6.5M European Innovation Council Accelerator package.

Founded

2020

Founders

Total funds raised

€6.8M

SectorsEnergy & Climate, Enterprise Software, AI & Data, Deeptech & Hardware Start-up MapEnergy & Climate › Industrial resource monitoring

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Founders

Alberto Méndez Rebollo

CEO & Co-founder

Pablo Arboleya

CTO & Co-founder

Rubén Medina

Co-founder

Global models 5

AutoGrid

United States · www.auto-grid.com ↗

Sold grid-flexibility and distributed-energy orchestration software to utilities and grid operators, then was acquired by Uplight.

~$100MComparable

Utilidata

United States · utilidata.com ↗

Sells utilities an AI platform that runs at the grid edge for real-time low-voltage visibility and control of distribution networks.

~$100MComparable

Camus Energy

United States · www.camus.energy ↗

Sells grid orchestration software to distribution utilities, covering real-time network visibility, capacity planning for new connections and management of distributed flexibility.

~$50MComparable

Piclo

United Kingdom · www.piclo.energy ↗

Sells SaaS to distribution system operators so they can find, procure and dispatch local flexibility on their networks.

~$40MComparable

envelio

Germany · www.envelio.com ↗

Sells DSOs its Intelligent Grid Platform, a SaaS product for low-voltage grid digital twins, capacity planning and connection-request automation.

~$30MComparable

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Notes: Most funded first

Investors 5

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TheVentureCity

theventure.city

Led 2 rounds · 2022–23 United States

Sociedad Regional de Promoción del Principado de Asturias

srp.es

2 rounds · 2021–22 Spain

EDP Ventures España

www.edp.com ↗

2 rounds, led 1 · 2021–22 Spain

Polar Structure

polarstructure.com ↗

Led Seed 2023 Sweden

Vargas Holding

vargas.se ↗

Led Seed 2023 Sweden

Funding rounds 3

·1 not counted

Date	Round	Amount	Lead
2023-04-18	Seed	€4.5M	Polar Structure, Vargas Holding, TheVentureCity
2022-02-01	Seed (estimated)	€2M	TheVentureCity +2 more
2021-07-27	Pre-seed (estimated)	€300K	EDP Ventures España +2 more

Not counted (1)

Not counted in totals

2024-02-29 Grant €2.5M European Innovation Council (EIC) Fund

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