# Blixt Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blixt-tech

- Industry: Electronics
- Headquarters: Kista, Sweden
- Website: https://blixt.tech/
- Total disclosed funding: $7.7M
- Latest round: Seed (Mar 20, 2024)
- Investors on record: 3

## About

Founded in 2018 and based in Kista, Sweden, Blixt Tech AB operates as a developer of semiconductors for energy usage measurements and grid management. The company was established by Charlotta Holmquist and Jens Peter Schroer, setting out to develop a digital alternative to the traditional circuit breaker.  Since its inception, Blixt has quickly established a global presence, with a particular focus on the German and UK markets. In March 2024, Blixt Tech AB raised EUR 5 million in seed funding co-led by new investors Union Square Ventures and Energy Revolution Ventures.

Blixt's core technology is the solid-state circuit breaker (SSCB), a device that replaces the analog, mechanical components of a traditional circuit breaker with a fully digital, software-controlled system. The technology allows real-time monitoring, precise control, and seamless integration with emerging energy management systems. In addition to the SSCB, Blixt has also developed the X-Verter®, a technology that combines the modularity of modular multilevel converters (MMC), the flexibility of next-generation reconfigurable battery systems (RBS), and the advantages of solid-state transformers (SST).

Blixt's business model is centered around a collaborative approach, where the company aims to work closely with industry leaders and OEMs to leverage its technology and expertise.

Blixt is actively exploring new applications and use cases for its technology, particularly in the areas of electrification, renewable energy integration, and smart grid infrastructure. The company will also use the funding in 2024 to accelerate its goal of changing electrical infrastructure, increasing manufacturing, scaling up operations, and developing its software-defined power systems.

## Funding rounds

- Seed, Mar 20, 2024, $5.4M — Union Square Ventures, Energy Revolution Ventures
- Seed, Oct 9, 2018, $2.3M — BayWa r.e. Energy Ventures

## Investors

- BayWa r.e. Energy Ventures (https://capitalatlas.ai/funds/baywa-r-e-energy-ventures) — Seed
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed
- Energy Revolution Ventures (https://capitalatlas.ai/funds/energy-revolution-ventures) — Seed