Quixotic

www.quixotic.energy ↗ ·Madrid ·Seed

Quixotic is a Madrid-based B2B SaaS company offering a 100% cloud platform that automates operations for energy retailers, utilities and energy communities — contract management, tariff calculation, end-to-end billing, DSO integrations (250+ electricity and gas distributors), payments and collections, plus complex products like solar self-consumption and virtual batteries. Founded in 2021 out of a Salesforce/cloud consultancy serving Spanish utilities (Calibre 360), it is a seed-stage energytech/enterprise-software firm with offices in Madrid and Barcelona and roughly 15-20 staff. It raised a €1.3M seed round in October 2024 co-led by Demium and Bynd Venture Capital with Akka and business angels, reported ~300% year-on-year growth and around 17 clients including brands from the Repsol group and MasOrange.

Founded

2021

Founders

Total funds raised

€1.3M

SectorsEnergy & Climate, Enterprise Software, SaaS, Energytech, Billing & Utilities Start-up MapEnergy & Climate › Residential energy transition

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Founders

Ernesto Puente Fuentes

Co-founder & Co-CEO

Juan Alvear

Co-founder & Co-CTO (AWS Technical Architect)

Omar Sequera

Co-founder & Co-CEO

Global models 3

Kraken Technologies

United Kingdom · kraken.tech ↗

Cloud operating platform licensed to energy retailers and utilities that covers billing, tariffs, customer operations and industry-flow integration end to end.

~$1BComparable

Kaluza

United Kingdom · www.kaluza.com ↗

SaaS energy retail platform sold to suppliers, automating billing, customer operations and flexible products such as smart charging.

Undisclosed (strategic investment from Mitsubishi Corporation and Chubu Electric)Comparable

powercloud

Germany · powercloud.de ↗

Cloud-native billing and CRM platform for energy suppliers and utilities that handles contracts, tariffs, invoicing and market communication with grid operators.

Undisclosed (growth equity)Comparable

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No stage disclosed · €14M

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Notes: Most funded first

Investors 3

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Bynd Venture Capital

www.bynd.vc

Led Seed 2024 Portugal

Funding rounds 1

Date	Round	Amount	Lead
2024-10-08	Seed	€1.3M	Demium, Bynd Venture Capital +1 more

News 7

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Published	Article
2026-03-05	The Boring Infrastructure Bet: How Quixotic Is Quietly Powering Spain's Energy Market ↗ Nova Talent 2026-03-05
2025-12-15	QUIXOTIC is granted European Funds for innovating in Energy Transition ↗ QUIXOTIC (press release) 2025-12-15
2025-01-16	QUIXOTIC integra la IA en todos sus módulos para revolucionar la gestión energética ↗ EnergyNews 2025-01-16
2024-12-12	Quixotic, la startup madrileña que triunfa en el mercado eléctrico ↗ Telemadrid 2024-12-12
2024-10-28	10 European startups driving energy innovation with software and AI ↗ EU-Startups 2024-10-28
2024-10-08	Madrid-based QUIXOTIC closes €1.3 million for energy management platform for marketers ↗ EU-Startups 2024-10-08
2024-04-15	Unveiling what's new at ENLIT Europe and GENERA 2025 ↗ QUIXOTIC (press release) 2024-04-15