# TokWise

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

- Industry: Software
- Headquarters: Sofia, Bulgaria
- Website: www.tokwise.com
- Latest round: Seed (Jun 1, 2021)
- Investors on record: 1

## About

Based in Bulgaria, TokWise is a software provider specializing in renewable energy solutions, offering advanced tools for portfolio management and trading. Its innovative AI-native SaaS engine supports clients in optimizing energy transactions.TokWise, founded in 2019 and headquartered in Sofia, Bulgaria, focuses on delivering software solutions for the renewable energy sector. The company was established by Julien Marcenac, Krasimir Kolev, and Vassil Vassilev. In October 2023, TokWise raised EUR 3 million in funding led by Encavis, bringing the total amount raised to EUR 3 million across four deals. The latest funding round is aimed at strengthening its market position within the EU.TokWise specializes in advanced software solutions tailored for the renewable energy sector, particularly in renewable portfolio management. Its core product, an AI-native SaaS trading engine, enhances operational efficiency by providing accurate decision-making tools that address the challenges posed by intermittent green power generation. This platform centralizes renewable energy asset management, enabling clients to optimize buying and selling strategies, thereby reducing imbalance costs associated with intraday and physical assets. The company's clientele includes energy producers, suppliers, and aggregators active in various geographical markets, primarily in Europe.In the most recent financial year, 2022, TokWise generated a revenue of EUR 571,065.7, with an EBITDA of EUR 245,127.2. The company's revenue model is based on subscription access to its software solutions, complemented by partnerships that enhance service offerings for clients in the renewable energy arena.Following its EUR 3 million funding round in October 2023, TokWise aims to leverage this capital to expand its market reach within the EU. The company is focused on launching new products designed for enhanced client engagement and operational efficiency, although specific release dates have yet to be disclosed. This strategic funding will facilitate access to new markets and increase the company's presence in regions with growing renewable energy demand.

## Funding rounds

- Seed, Jun 1, 2021 — InnoEnergy

## Investors

- InnoEnergy (https://capitalatlas.ai/funds/innoenergy) — Seed