# Greenbird Integration Technology AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/greenbird-integration-technology

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.greenbird.com
- Total disclosed funding: $11M
- Latest round: Series B (Sep 29, 2020)
- Investors on record: 4

## About

Based in Norway, Greenbird Integration Technology AS specializes in providing integration solutions for the energy sector, facilitating data management and orchestration within energy grids, thereby supporting the transition to sustainable energy practices.Greenbird Integration Technology AS, founded in 2010 in Oslo, Norway, offers integration solutions focused on optimizing energy data management for utilities. The company has successfully completed a total of 5 deals, with its most recent transaction occurring on August 14, 2023, during which it raised EUR 5.00 mn in a Series B funding round led by EnBW New Ventures alongside ETF Partners and Nysnø Climate Investments. Fredrik Omland is the founder, with Thorsten Heller currently serving as CEO.Greenbird Integration Technology AS provides advanced integration solutions aimed at the energy sector, specifically through their GridOS® platform. This software portfolio is designed for grid orchestration, enabling utilities to manage energy grids more effectively amidst the complexities of the sustainable energy transition. GridOS® includes advanced distribution management systems, advanced energy management systems, and geospatial network management tools, all of which help enhance grid reliability and reduce operational costs.For the fiscal year 2023, Greenbird Integration Technology AS reported a revenue of EUR 5,520,812 and an EBITDA of EUR 10,305,320. The company's revenue generation model is primarily based on B2B transactions involving subscriptions and software licensing agreements.Looking ahead, Greenbird Integration Technology AS is focused on expanding its offerings and market reach. The company aims to enhance its GridOS® platform and streamline the complexities of energy data integration, especially following its acquisition by GE Vernova in August 2023. This acquisition is expected to accelerate the development of GridOS® and facilitate entry into new markets. The recent funding will be utilized to support these initiatives and further solidify Greenbird's position in the energy sector.

## Funding rounds

- Series B, Sep 29, 2020, $5.8M — ETF Partners, EnBW New Ventures, Nysnø Climate Investments
- Series A, Nov 8, 2016, $5M — ETF Partners, Statkraft Ventures

## Investors

- ETF Partners (https://capitalatlas.ai/funds/etf-partners) — Series A, Series B
- Statkraft Ventures (https://capitalatlas.ai/funds/statkraft-ventures) — Series A
- EnBW New Ventures (https://capitalatlas.ai/funds/enbw-new-ventures) — Series B
- Nysnø Climate Investments — Series B