Rotterdam-based Gradyent, which develops a real-time Digital Twin Platform, has secured €28 million in a Series B funding to revolutionize the efficiency of heating and cooling grids. The investment was led by Blue Earth Capital, with participation from SEB Greentech Venture Capital.
- Launched in 2019 by Hervé Huisman and Robert Vrancken, Gradyent develops a real-time Digital Twin Platform designed to optimise and decarbonise heating and cooling grids.
- The platform creates a digital replica of heating and cooling systems, allowing energy providers to enhance grid performance, reduce CO2 emissions, and improve operational decision-making.
- By integrating real-time sensor data, weather forecasts, geographical information, and advanced AI, Gradyent helps companies optimise energy systems, boost efficiency, and run predictive simulations.
- According to the firm, Gradyent’s Digital Twin Platform helps energy providers optimise performance, reduce CO2 emissions by up to 10%, lower costs by up to 20%, and make smarter decisions.
- Gradyent currently supports energy networks in over 35 cities and collaborates with energy providers across Europe. The company partners with leading organisations, including Veolia, Shell, Helen, Iqony, and Uniper.
"Gradyent’s Digital Twin Platform optimises, decarbonises, and transforms even the most complex sector-coupled energy systems. By enabling companies to coordinate generation and distribution across carriers while making cost-optimal decisions, we drive greater flexibility – helping businesses navigate this transformation, reduce emissions, and enhance long-term efficiency," explains Hervé Huisman, CEO and co-founder of Gradyent.
Details of the deal
- The investment was led by Blue Earth Capital, a global impact investment firm managing $1.5 billion in assets, with investments across environmental and social impact sectors.
"Gradyent has quickly established itself as a leader in optimising and transforming heating grids with its Digital Twin Platform. This aligns perfectly with Blue Earth Capital’s commitment to supporting impactful, innovative solutions that can accelerate decarbonisation," claims Claude Kamga, Director of Private Equity at Blue Earth Capital.
- The round also saw support from SEB Greentech Venture Capital and existing investors, including Capricorn Partners, Eneco Ventures, Helen Ventures, and Energiiq.
- The fresh capital will be used to enhance Gradyent’s Digital Twin Platform, grow its team, and accelerate its global expansion to help more energy providers optimise and transform heating and cooling grids.
