Speedinvest co-leads €2.4M round for trawa, a German energy startup

The Vienna-based VC fund Speedinvest with the Berlin-based Magnetic co-led a €2.4 million round for German startup trawa that creates direct access to renewable energy for B2B industrials. trawa will use the investment to further develop its AI-based energy purchasing software.

• trawa empowers companies to switch to green electricity using its solution that analyses a business’s energy consumption, spending, and impact and then gets to work. From here, trawa identifies an optimized, cost-effective, and energy procurement plan that supports decarbonization through a mix of sources (wind, solar, etc.). 

“trawa aims to make renewable electricity from wind and solar parks accessible to industrial companies of all sizes and thereby drive the clean energy transition. We develop simple and affordable electricity products and services that businesses understand and that help our customers decarbonize their operations,”

team of trawa claims on its LinkedIn.

• Austrian early-stage venture capital firm, Speedinvest together with German investor Magnetic co-led the pre-seed round. Recently Speedinvest led €2 million for another German startup konfetti, which builds a platform to find and book local workshops, courses, and events. 
• The round also saw participation from co-investors London-based TinyVC and Berlin-based The Delta, along with multiple business angels joined.
• With the fresh funds, trawa will develop its AI-based electricity procurement software, acquire licenses and partners to serve its customers end-to-end. Also, the startup aims to grow its team.