# Encentive

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

- Industry: Software
- Headquarters: Germany
- Website: www.encentive.de/
- Total disclosed funding: $10M
- Latest round: Seed (Jun 25, 2025)
- Investors on record: 10

## About

Based in Neumünster, Germany, and founded in 2019, Encentive GmbH is a developer of a platform for managing energy demand intended to assist industrial businesses in using energy at the most affordable and environmentally friendly times for them. In January 2024, Encentive GmbH raised EUR 2.7 million in seed funding led by Summiteer, with participation from Vireo Ventures, Smart Infrastructure Ventures, Interface Capital, and OMA Ventures. The firm’s customers include Wernsing Food Family, Frigo, Peter Bade, Eurekfrost, Backshop, etc.

The company's platform called flxOn utilizes artificial intelligence-based forecasting and automated energy flexibilization to ensure maximum efficiency and helps businesses reduce energy costs and emissions without requiring manual intervention or hardware investments. The platform’s features include dynamic load shifting during excess PV production, intelligent peak load capping, participation in atypical grid usage, and targeted consumption based on volatile market prices. The company connects various plants and systems, providing analysis, forecasts, integration, and communication, and also supports clients through consultation, implementation, and operation, contributing to the vision of decarbonizing the industry. In September 2025, Encentive GmbH raised EUR 6.3 million in seed funding led by General Catalyst Partners, with participation from HelloWorld, Smart Infrastructure Ventures, Summiteer, and Vireo Ventures. Individual investors also participated in the round.

The company plans to utilize the September 2025 funding for industrial energy asset connectivity platform expansion infrastructure setup, new market entry system development, and machine room control software deployment for electricity flow coordination.

## Funding rounds

- Seed, Jun 25, 2025, $7.3M — General Catalyst Partners, Smart Infrastructure Ventures, Vireo Ventures, Summiteer, MKMH Encentive Beteiligungs GmbH, FuturePresent GmbH & Co. KG
- Seed, Dec 20, 2023, $2.9M — Tiny Super Computer Investment Company, Smart Infrastructure Ventures, Vireo Ventures, Summiteer, Interface Capital, Energy 4.0 Ventures GmbH, OMA Ventures

## Investors

- Tiny Super Computer Investment Company (https://capitalatlas.ai/funds/tiny-super-computer-investment-company) — Seed
- Smart Infrastructure Ventures (https://capitalatlas.ai/funds/smart-infrastructure-ventures) — Seed
- Vireo Ventures (https://capitalatlas.ai/funds/vireo-ventures) — Seed
- Summiteer (https://capitalatlas.ai/funds/summiteer) — Seed
- Interface Capital (https://capitalatlas.ai/funds/interface-capital) — Seed
- Energy 4.0 Ventures GmbH — Seed
- OMA Ventures — Seed
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed
- MKMH Encentive Beteiligungs GmbH — Seed
- FuturePresent GmbH & Co. KG — Seed