# Eneida.io

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eneida-io

- Industry: Electronics
- Headquarters: Coimbra, Portugal
- Website: www.eneida.io
- Total disclosed funding: $11M
- Latest round: Series B (Jun 30, 2024)
- Investors on record: 4

## About

Eneida Wireless & Sensors, based in Portugal, specializes in innovative digital solutions for the energy sector, providing advanced software for energy management and optimization.Founded in 2012 in Coimbra, Portugal, Eneida Wireless & Sensors develops digital solutions that enhance energy management. The company is led by co-founders Carlos Teixeira and John Comprido, with Carlos Teixeira serving as CEO. Eneida has successfully completed 4 deals, with its latest funding round, Series B, raising EUR 10.5 mn from investors including HCapital Partners and Santander Asset Management on July 1, 2024, bringing the total amount raised to EUR 10.5 mn.Eneida focuses on delivering innovative digital solutions tailored for the energy sector. The company's core offerings include advanced energy management software that enables clients to optimize their energy consumption and reduce costs. This technology empowers businesses to analyze usage patterns, track performance metrics, and implement strategies for sustainability. The primary end users of Eneida's products include energy providers, large-scale industrial manufacturers, and commercial enterprises across various sectors, aiming to enhance their operational efficiencies. Released recently to address growing concerns about energy sustainability and management, these solutions are marketed primarily in North America and Europe, where there is a significant push towards greener energy practices and cost-effective energy management solutions.Eneida's revenue model revolves around subscription-based services and strategic partnerships with energy firms and industrial clients. Through a B2B framework, the company offers tiered subscription plans that provide access to its energy management software, allowing clients to select plans that align with their energy management needs and scale. Transactions typically involve annual or monthly service agreements, where clients benefit from continuous software updates, customer support, and analytics services. Flagship products include their proprietary energy optimization tools, which are designed to cater to both large enterprises and smaller businesses seeking to improve their energy efficiency. The specific pricing structures for these offerings are aligned with the level of service and features required, ensuring that Eneida can meet a diverse range of client requirements effectively.Eneida plans to introduce new products focused on energy sustainability and management, enhancing their software capabilities by mid-2025. The company is targeting expansion into the South American and Asian markets by 2026, seeking to leverage the growing demand for energy optimization solutions. Recent funding from the Series B round will be utilized to support these product developments and market entry initiatives, bolstering their presence in key regions.

## Funding rounds

- Series B, Jun 30, 2024, $11M — Korys, Santander Asset Management, HCapital Partners, Junction Growth Investors

## Investors

- Korys (https://capitalatlas.ai/funds/korys) — Series B
- Santander Asset Management — Series B
- HCapital Partners (https://capitalatlas.ai/funds/hcapital-partners) — Series B
- Junction Growth Investors (https://capitalatlas.ai/funds/junction-growth-investors) — Series B