The Hamburg-based startup suena has completed a seed financing round totalling 3 million euros. Founded in 2021, the company intends to use the capital to launch its software solution for the energy industry on a broad basis in European markets, further expand its functionality and add international specialists to the team.
suena optimises trading in renewable energies
The round is led by the Santander InnoEnergy Climate Fund and Energie 360's Smart Energy Innovation Fund, with additional participation from existing shareholders EIT InnoEnergy, Raakwark Kaptaal and business angels. In July 2022, suena had already received 1.2 million euros in its first financing round. The startup impressed investors with its "Autopilot" offering, which is designed to manage the complexity of efficient and strategic electricity trading on multiple markets. The Autopilot, which works with artificial intelligence, processes millions of data points every minute, continuously optimises trading strategies and reacts to fluctuations in the electricity grid in real time.
“suena was born out of a vision to be a catalyst for the energy transition,” explains CEO Dr. Lennard Wilkening. “Energy storage capacity at scale and its efficient deployment is a crucial part of that. With the suena Autopilot, suena offers a 100% software-based and fully automated trading-as-a-service platform for energy storage and renewable energy asset owners, making crucially important storage capacity and renewable energy available when and where it’s needed the most.”
