# Flower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flower-2

- Industry: Energy Storage & Batteries
- Headquarters: Stockholm, Sweden
- Website: www.flower.se/
- Total disclosed funding: $48M
- Latest round: Series A (Oct 31, 2024)
- Investors on record: 5

## About

Based in Sweden, Flower manufactures advanced battery energy storage solutions, enhancing energy management and supporting the integration of renewable resources. Their innovative approach addresses critical energy challenges in various sectors.Founded in 2020 and headquartered in Stockholm, Sweden, Flower specializes in battery energy storage solutions. The company has raised a total of EUR 20.00 mn in funding through a Series A round led by Northzone on October 31, 2024, with participation from investors such as Giant Ventures and Sony Ventures. The company has engaged in 6 deals and is led by CEO John Diklev.Flower primarily offers innovative solutions in the energy sector, focusing on advanced energy storage and optimization technologies. Their flagship products include Grid-scale Battery Energy Storage Systems (BESS), Green Baseload power solutions, and demand response capabilities for residential and commercial sectors, enabling cohesive functioning of various energy assets.In the most recent fiscal year, Flower reported revenue of EUR 493,012.80, with an EBITDA of EUR -843,220. The company's revenue model involves B2B transactions, providing both software solutions and hardware components to enhance efficiency in energy systems.In October 2024, Flower raised EUR 20 million in Series A funding to support the development of its Battery Energy Storage Systems and facilitate expansion into European markets. The funding will specifically aid in advancing their technology and establishing a stronger presence in the energy sector.

## Funding rounds

- Series A, Oct 31, 2024, $22M — Northzone, Sony Innovation Fund, Giant Ventures, 82an Invest
- Series A, Jul 30, 2024, $27M — Northzone, 82an Invest, Zebkei Invest AB

## Investors

- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- 82an Invest — Series A
- Zebkei Invest AB — Series A
- Sony Innovation Fund (https://capitalatlas.ai/funds/sony-innovation-fund) — Series A
- Giant Ventures (https://capitalatlas.ai/funds/giant-ventures) — Series A