# Energyworx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/energyworx-b-v

- Industry: Software
- Headquarters: Netherlands
- Website: www.energyworx.com
- Total disclosed funding: $2.2M
- Latest round: Series A (Nov 12, 2019)
- Investors on record: 2

## About

Energyworx B.V. is a Netherlands-based company that specializes in cloud-native platforms for energy data management, providing comprehensive solutions for processing and visualizing energy data efficiently.Founded in 2012 and headquartered in the Netherlands, Energyworx B.V. operates a cloud-native platform for managing energy data. The company has executed 4 deals, with its latest funding round occurring on July 7, 2021, where it raised EUR 5.1 million. Erik van Wijk is the founder of the company, while Marcel Smit serves as the CEO. Energyworx is supported by multiple investors, including EDP Ventures, ENGIE New Ventures, Eneco Ventures, and SET Ventures, with a total amount raised of EUR 5.1 million.Energyworx specializes in a cloud-native time series platform designed to streamline energy data processing. Their primary offering automates the entire data lifecycle, encompassing data ingestion, processing, analysis, and visualization, providing organizations with a unified view of their energy-related data. The platform addresses critical challenges such as data fragmentation, quality, volume, and accessibility, ensuring stakeholders can derive actionable insights efficiently. Energyworx serves a diverse clientele across Europe and North America, including organizations in the energy and utilities sector such as E-REDES, which uses the platform for managing millions of smart meter values.Energyworx generates revenue through a subscription-based model for its Energy Data Management solution, offering scalable access to its platform tailored to client operational needs. Business transactions typically occur through direct partnerships with utility companies and organizations needing specialized energy data management. Clients engage in long-term contracts with varying service levels, ensuring recurring revenue as they pay for continuous access to Energyworx's platform and services. Pricing plans are customized to align with each client's unique demands, reflecting the flexibility of Energyworx's offerings.In July 2021, Energyworx B.V. raised EUR 5.1 million in a venture funding round led by Eneco Group, with participation from EDP Ventures, ENGIE New Ventures, and SET Ventures. The funding will be utilized to scale its platform and accelerate international growth. Energyworx plans to develop new features and products for its platform, aiming to expand its market presence in both existing and new regions, particularly targeting increased operations in North America and Europe.

## Funding rounds

- Series A, Nov 12, 2019, $1.1M — EDP Ventures
- Series A, Jul 21, 2016, $1.1M — henQ

## Investors

- henQ (https://capitalatlas.ai/funds/henq) — Series A
- EDP Ventures (https://capitalatlas.ai/funds/edp-ventures) — Series A