# Eliq

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eliq

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.eliq.com/
- Total disclosed funding: $6.4M
- Latest round: Series A (Sep 22, 2020)
- Investors on record: 3

## About

Based in Sweden, Eliq AB offers a platform for energy data solutions, empowering utility companies and their customers to manage energy consumption effectively through innovative applications.Eliq AB, founded in 2015 and headquartered in Gothenburg, Sweden, specializes in energy data solutions. The company was established by Håkan Ludvigson, Joakim Ottander, and Olof Hartelius. Eliq has completed 7 deals to date, with its most recent funding round in January 2025 attracting EUR 10.00 mn from investors including Axpo Holding and Inven Capital, totaling EUR 10.00 mn raised.Eliq's core product offerings revolve around its energy data solutions designed to empower utility companies and their customers. The flagship product, the Energy Insights API, serves as a robust framework that enables the development of customer-facing applications across various platforms, including mobile and web. Additionally, Eliq provides a White Label Energy Insights app, which allows utilities to deliver customized digital experiences to their consumers without the need for in-house development capabilities. These products enhance customer engagement and provide actionable insights into energy consumption patterns, ultimately helping users make informed decisions about their energy use. Eliq primarily serves utilities and energy providers in Western European markets, as well as the United Kingdom, facilitating a transition to more digitally-driven energy services that meet modern consumer expectations.Eliq generated revenue of EUR 1,995,977 in 2022, with an EBITDA of EUR -1,714,695. The company operates on a subscription-based model, where utility companies pay for access to its comprehensive energy data solutions. Clients typically subscribe to Eliq's Energy Insights API and White Label app, integrating these solutions into their existing services to offer personalized energy insights to their end users.In January 2025, Eliq AB raised EUR 10.00 mn from a new investor, Volvo Cars Tech Fund, which will be used to enhance operations aimed at reducing energy usage. The company plans to expand its product offerings and enter new markets to enhance its service capabilities. Specific geographic regions targeted for expansion have not been detailed, but the recent funding will support these initiatives.

## Funding rounds

- Series A, Sep 22, 2020, $5.9M — Inven Capital, Contrarian Ventures
- Seed, Aug 2, 2016, $0.5M — CBC Investment Group

## Investors

- CBC Investment Group (https://capitalatlas.ai/funds/cbc-investment-group) — Seed
- Inven Capital (https://capitalatlas.ai/funds/inven-capital) — Series A
- Contrarian Ventures (https://capitalatlas.ai/funds/contrarian-ventures) — Series A