# ES·FOR·IN SE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/es-for-in-se

- Industry: Power & Utilities
- Headquarters: Essen, Germany
- Website: www.esforin.com
- Total disclosed funding: $8M
- Latest round: Series B (May 25, 2023)
- Investors on record: 3

## About

Based in Essen, Germany, ES·FOR·IN SE specializes in providing short-term marketing solutions for electricity and gas flexibility, leveraging advanced technologies to optimize energy resource management.Founded in 2014 in Essen, Germany, ES·FOR·IN SE focuses on the automation of energy market responses. The company was co-founded by Christian Hövelhaus and Christoph Gardlo. As of May 2023, ES·FOR·IN SE successfully raised EUR 7.5 million in Series B funding, aimed at enhancing its market reach and expanding its operations.ES·FOR·IN SE offers specialized marketing solutions for electricity and gas flexibility, utilizing automated responses to energy market price signals. The company optimizes the operation of over 2 gigawatts of flexible energy resources, including Battery Energy Storage Systems (BESS) and industrial applications. Their solutions assist clients in stabilizing the power grid, integrating renewable energy, and achieving CO2 reductions, primarily serving energy suppliers and industrial operators in Germany, Austria, and Switzerland.In the most recent fiscal year of 2022, ES·FOR·IN SE reported a revenue of EUR 681,888,224.30 and an EBITDA of EUR 1,414,368.40. The company's revenue primarily stems from flexibility marketing services tailored for industrial clients and energy producers, structured through service contracts that support energy optimization efforts.Following its Series B funding round on May 25, 2023, in which EUR 7.5 million was raised, ES·FOR·IN SE plans to utilize the capital to accelerate its expansion into new European markets. The company aims to enhance its product offerings by developing and launching new solutions that cater to the evolving needs of the energy sector.

## Funding rounds

- Series B, May 25, 2023, $8M — SEB Venture Capital, SET Ventures, Green Fortress Group

## Investors

- SEB Venture Capital (https://capitalatlas.ai/funds/seb-venture-capital) — Series B
- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series B
- Green Fortress Group — Series B