What does Ostrom do?
Ostrom offers a digital green energy service that enables households to control their electricity use through advanced digital platforms. The company provides two main service plans: SimplyFair with predictable, flat monthly billing and SimplyDynamic that leverages smart meters and hourly pricing, while integrating features for EV charging, solar, and battery storage.
How much did they raise?
The company raised €20M in a Series B round led by Eneco Ventures, with participation from SE Ventures, Union Square Ventures, Adjacent, Übermorgen, and J12.
What are their plans for the money?
Ostrom intends to use the funds to expand its operations and accelerate development efforts, aiming to enhance energy independence for households by providing cost-effective and environmentally friendly green energy solutions.
What have they achieved so far?
Having already raised over €40M in total funding, Ostrom has successfully established its innovative platform and demonstrated its capability to deliver smart energy management solutions to its customers.