# Sympower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sympower-b-v

- Industry: Environmental Services
- Headquarters: Amsterdam, Netherlands
- Website: www.sympower.net/
- Total disclosed funding: $35M
- Latest round: Series B (Nov 13, 2024)
- Investors on record: 10

## About

Based in the Netherlands, Sympower B.V. specializes in monetizing energy flexibility for industrial clients, battery energy storage systems, and renewable energy asset owners, optimizing energy usage and enhancing grid stability across Europe. Sympower B.V. was founded in 2015 and is headquartered in Amsterdam, Netherlands. The company focuses on demand response solutions for industrial businesses, optimizing energy efficiency through real-time balancing in various European energy markets. Simon Bushell serves as both the CEO and Founder, bringing experience from previous ventures. Sympower has completed a total of 7 deals, with its most recent funding round being a unspecified venture funding, In October 2025, Sympower B.V. raised EUR 25 million in venture funding from new investor EDF Pulse Ventures, with participation from returning investor Rubio Impact Ventures.

Sympower specializes in monetizing energy flexibility for industrial businesses, owners of battery energy storage systems (BESS), and renewable energy asset proprietors. Their core products include demand response solutions that improve energy efficiency and reduce costs through adjustments in energy consumption based on grid demands. By operating a virtual power plant, Sympower aggregates this flexibility and sells it across European energy markets, catering to diverse sectors such as chemicals, metallurgy, automotive, cement, agriculture, data centers, and pulp & paper industries. 

Sympower’s model pays participating customers by sharing revenue from TSOs and market programmes, passing payments on minus a small share for optimisation and trading services. Additional income comes from bankable models (e.g., floor/toll structures) and route-to-market and managed operations for flexible assets.

Following recent funding rounds, Sympower plans deeper BESS integration, strategic M&A, and entry into new European markets, while diversifying trading capabilities. Expansion includes scaling large-scale battery projects and strengthening positions in the Nordics and Greece.

## Funding rounds

- Series B, Nov 13, 2024, $22M — European Investment Fund, Expon Capital, Rubio Impact Ventures, Activate Capital, Participatiefonds Duurzaam Economie, A&G Energy Transition Tech Fund
- Series B, Nov 21, 2022, $3.1M — Rockstart Enterprises, Expon Capital, Rubio Impact Ventures, Activate Capital, Prequel Ventures
- Series B, Mar 24, 2021, $6.2M — Rubio Impact Ventures, Enfuro Ventures, Prequel Ventures, Koolen Industries
- Series A, Oct 1, 2019, $3.3M — Rubio Impact Ventures, Prequel Ventures

## Investors

- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Series A, Series B
- Prequel Ventures (https://capitalatlas.ai/funds/prequel-ventures) — Series A, Series B
- Enfuro Ventures — Series B
- Koolen Industries — Series B
- Rockstart Enterprises (https://capitalatlas.ai/funds/rockstart-enterprises) — Series B
- Expon Capital (https://capitalatlas.ai/funds/expon-capital) — Series B
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series B
- European Investment Fund (https://capitalatlas.ai/funds/european-investment-fund) — Series B
- Participatiefonds Duurzaam Economie (https://capitalatlas.ai/funds/participatiefonds-duurzaam-economie) — Series B
- A&G Energy Transition Tech Fund — Series B