# Hydrogrid

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

- Industry: Software
- Headquarters: Vienna, Austria
- Website: www.hydrogrid.ai
- Total disclosed funding: $9.3M
- Latest round: Series A (Dec 15, 2023)
- Investors on record: 4

## About

Based in Vienna, Austria, and founded in 2016 by CEO Janice Goodenough, HYDROGRID GmbH operates as a provider of automated internet of things (IoT) software for the real-time dispatch and planning of hydropower plants. In February 2022, HYDROGRID GmbH raised venture funding led by SET Ventures, with participation from Constantia New Business.

HYDROGRID provides an intelligent autopilot solution with features inflow forecast, price forecast, optimal dispatch plan, executive reporting and benchmarking, power market access, settlement and clearing, grid scheduling, meter data, and more for digitizing the hydropower plants.

HYDROGRID GmbH plans to use its proceeds from February 2022 funding to expand collaborations with partners in the hydropower industry, build the sales team, and continue the development of the software.

## Funding rounds

- Series A, Dec 15, 2023, $9.3M — SET Ventures, Inven Capital, Karma Ventures, Constantia New Business
- Seed, Sep 23, 2020 — Constantia New Business

## Investors

- Constantia New Business (https://capitalatlas.ai/funds/constantia-new-business) — Seed, Series A
- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series A
- Inven Capital (https://capitalatlas.ai/funds/inven-capital) — Series A
- Karma Ventures (https://capitalatlas.ai/funds/karma-ventures) — Series A