Ionate
Latest round
- Series A
Last raised
- Jan 2025
Total raised
- $21M
Investors
- 9
About Ionate
Based in Edinburgh, UK, founded in 2019 by Matthew Williams (CEO), Ionate Limited develops technology for smart electricity grids, using Hybrid Intelligent Transformers to monitor and control power flow. IONATE specializes in the development of next-generation Hybrid Intelligent Transformers, designed to replace outdated traditional transformers. These products optimize power flow and minimize energy losses, enabling the integration of renewable energy sources such as wind and solar. IONATE’s transformers are aimed at enhancing electricity grid capacity and quality, providing real-time monitoring. Their client base includes energy providers and utilities in diverse markets across Europe and North America. IONATE's revenue model centers around B2B partnerships with energy utilities and providers that incorporate its Hybrid Intelligent Transformers into their systems. This model includes contracts with upfront hardware installation costs and ongoing fees for software and monitoring services, contributing to a steady income stream through initial sales and recurring agreements.
Who invested in Ionate
9 investors across 2 rounds
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Questions about Ionate
Who invested in Ionate?
Ionate has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ionate raised?
Ionate has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Ionate last raise money?
Ionate's most recent round on record is a Series A, in Jan 2025.
What does Ionate do?
Based in Edinburgh, UK, founded in 2019 by Matthew Williams (CEO), Ionate Limited develops technology for smart electricity grids, using Hybrid Intelligent Transformers to monitor and control power flow.
Where is Ionate headquartered?
Ionate is headquartered in Edinburgh, UK.
Which VCs invest in companies like Ionate?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back energy storage & batteries companies at Ionate's stage. Their profiles are linked below.
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