Toulouse-based Bohr Energie, specializing in optimizing energy assets in European power markets, has secured €4 million in a seed funding round. This investment will help the company strengthen its presence in France and set the stage for global expansion. The funding comes from Varsity, Founders Future, and AFI Ventures.
- Founded in 2020 by Julien Haure, Julien Chollet, Luis Urday, and Jean-Pierre Mader, Bohr Energie offers a platform that equips energy producers of all sizes with real-time monitoring of production units, streamlined billing, up-to-date market information, and comprehensive financial and performance analysis, all aimed at optimizing the efficient selling of their output.
- The platform also includes intuitive billing, current market data, and detailed plant insights with anomaly detection capabilities.
- Bohr Energie has formed partnerships with several firms, including At Home, Cemater, Bpifrance, and Electriciens sans Frontières.
Details of the deal
- The seed round was led by Varsity, a venture capital firm supporting tech startups, Paris-based VC Founders Future, and AFI Ventures, a venture capital firm that backs seed and pre-seed startups with investment sizes ranging between €500,000.
"Bohr Energie is transforming the way independent producers engage with the energy market, We are thrilled to back their innovative approach that aligns with the future of clean, decentralized energy," General Partner at Varsity, Didier Valet, stated.
- The seed funding will be used to enhance the platform's functionalities to accommodate a broader range of producers, recruit talent in key areas such as data science, software development, and market analysis, and increase its market presence in France while preparing for international expansion.
"At Bohr Energie, we believe that empowering independent producers is key to fostering a sustainable and decentralized energy future. With the support of Varsity, Founders Future, and AFI Ventures, we are now in an even stronger position to enable smaller players to compete on an equal footing in the French energy market," CEO and Co-founder of Bohr Energie, Julien Haure, commented on LinkedIn.
