Solandeo, a Berlin, Germany-based smart services company, raised an additional funding round of undisclosed amount.
High-Tech Gründerfonds (HTGF), a venture capital investor, made the investment.
The company intends to use the funds to to boost further growth.
Founded in December 2011 by Friedrich Rojahn, managing director, Solandeo offers a solution for operators of renewable energy plants to have their energy production traded on the energy exchange. This includes communication of the plant’s real-time output, remote power management, and an interface to the energy trader’s IT platform.
The company is currently cooperating nationally with eight of the leading green electricity traders in Germany with further partnerships in the works.