# Greenely

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/greenely

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.greenely.se
- Total disclosed funding: $11M
- Latest round: Series A (Jul 26, 2024)
- Investors on record: 3

## About

Greenely AB develops a smart energy application that assists households in optimizing their electricity usage, reducing costs, and supporting energy transition initiatives. The company focuses on sustainable energy management solutions for consumers.Founded in 2014, Greenely AB is based in Stockholm, Sweden, and specializes in energy management applications. The company has completed 9 deals, with its most recent funding round occurring on July 26, 2024. In this Series A round, Greenely raised EUR 8 million, led by Korys, with participation from Luminar Ventures. The CEO and founder, Tanmoy Bari, has a background in energy solutions and innovation.Greenely provides a smart energy application designed to help residential users manage their electricity consumption effectively, thereby minimizing costs and supporting energy transitions. Its core offering includes a flexible, time-based pricing plan that aligns electricity costs with usage times. The platform integrates smart technology to connect home energy systems like electric vehicles and solar panels, promoting optimized energy use. With real-time monitoring capabilities, users gain insights into their energy consumption patterns and opportunities for savings, specifically targeting clients in Sweden.In 2022, Greenely reported a revenue of EUR 33,846.20, with an EBITDA of EUR -4,602,448.40.Greenely plans to utilize the EUR 8 million raised in its Series A funding to expand its energy management platform into neighboring Nordic countries. The company aims to launch new products that enhance its application, although specific timelines for these releases are yet to be disclosed. Through this strategic growth plan, Greenely intends to solidify its presence in the energy management sector and increase its market share across the region.

## Funding rounds

- Series A, Jul 26, 2024, $8.7M — Korys, Luminar Ventures
- Seed, Jul 25, 2019, $2.7M — byFounders, Luminar Ventures

## Investors

- byFounders (https://capitalatlas.ai/funds/byfounders) — Seed
- Luminar Ventures (https://capitalatlas.ai/funds/luminar-ventures) — Seed, Series A
- Korys (https://capitalatlas.ai/funds/korys) — Series A