trawa raises €2.4 million in pre-seed funding


July 6, 2023

Blog post main image

We are excited to announce that we closed 2.4M€ in funding from a team of fantastic investors. 

2023 is not the easiest time in start-up history to be raising funding and we are incredibly humbled and proud that our investors put their trust in us and joined us on our mission to help companies procure cheaper and truly renewable electricity. Our funding round is co-led by Speedinvest and Magnetic and we couldn’t have wished for a better duo. TinyVC and The Delta, along with multiple highly experienced business angels joined in as well, including Anna Alex, co-founder of Planetly and Outfittery, Julian Teicke, co-founder and CEO of wefox, Tobias Schütt, founder and former CEO of DZ4 and Alexandre Berriche, founder and CEO of Fleet - to name only a few. 

Last year’s energy crisis hit businesses hard and proved that there is a real need for more sophisticated electricity procurement solutions. At trawa, we believe the key to priding better solutions to businesses lies in analyzing customers’ demand patterns and matching those with the right electricity products, focusing on solar and wind parks. We will use the investment to further develop our AI-based software that automates these tasks and will allow us to serve customers who previously had no access to sophisticated custom electricity procurement solutions. In addition, we are applying for a license as an energy provider that will allow us to service our customers end-to-end. 

An exemplary view on the solution:
Our software analyses a customers load profile and recommends a custom electricity procurement mix.

We will also invest heavily into building a world-class team of innovators and are actively hiring for multiple positions. If you want to join our team and contribute to helping companies procure renewable electricity, check out our job postings. 

Thanks to everyone who was involved in making this happen - we can’t wait to report on all the progress we will be making in the upcoming months.