Amsterdam’s Sympower Secures €21.3M in Oversubscribed Series B1 to Accelerate Europe’s Green Energy Transition

Amsterdam, Netherlands – Sympower, a leading Amsterdam-based provider of flexibility services designed to support Europe’s shift toward a renewable energy system, has raised €21.3 million in an oversubscribed Series B1 funding round. The financing round was led by A&G Energy Transition Tech Fund (A&G ETTF) with additional investment from the European Investment Fund (EIF), alongside support from existing backers including Activate Capital, Rubio Impact Ventures, PDENH, and Expon Capital.
Since its founding in 2015, Sympower has been at the forefront of balancing electricity grids across Europe. The company’s innovative software platform manages the supply and demand of electricity, helping commercial and industrial businesses, grid operators, and energy stakeholders optimize energy flexibility, reduce costs, and integrate renewable energy sources.
Powering Europe’s Energy Flexibility with BESS
Sympower’s demand-side flexibility and Battery Energy Storage Systems (BESS) solutions have become instrumental in stabilizing energy grids across Europe, helping to reduce grid investment costs, which the European Commission estimates could save up to €12 billion annually by 2050. The company serves a range of energy-intensive industries, including paper and pulp, data centers, greenhouses, and wood mills, providing them with tools to manage energy demand and improve sustainability.
The newly secured funding will support Sympower’s expansion of its BESS capabilities, further enhancing its suite of offerings for industrial companies and renewable energy producers. The company also plans to leverage these funds to expand into new markets across Europe and pursue strategic mergers and acquisitions to strengthen its market presence.
“Sympower has experienced tremendous growth over recent years, which aligns with the escalating demand across Europe for robust energy flexibility solutions,” said Simon Bushell, Founder and CEO of Sympower. “This funding is pivotal in expanding our operations and enabling us to deliver a more sophisticated BESS offering. We’re grateful for the continued trust and confidence of both new and existing investors.”
Bushell noted that the company’s team now spans 10 countries, with over 200 employees. Sympower has solidified a leading position in the Nordics and Greece, managing over 2GW of flexible distributed resources across Europe. He added, “We’re excited about the future as we continue to play a central role in driving Europe’s energy transition.”
Strengthened Supervisory Board and Investor Confidence
Following the funding round, Sympower expanded its Supervisory Board to include Jesús Lozano Lopez from A&G and Tim Healy, former Chairman and CEO of EnerNOC.
“We’ve followed Sympower’s evolution closely and have been impressed with its international impact and solid footing in the European market,” said Jesús Lozano Lopez, Investment Director at A&G. “We’re confident that our investment will enable Sympower to achieve its growth ambitions and further cement its leadership in Europe.”
Helmer Schukken, Partner at Rubio Impact Ventures, shared, “Our continued support reflects our commitment to Sympower’s mission of facilitating the renewable energy transition. Together with the European Investment Fund, we see Sympower as a key driver of greener, more flexible energy solutions in the industrial sector.”
About A&G Energy Transition Tech Fund
Founded in 1987, A&G Energy Transition Tech Fund (A&G ETTF) is dedicated to accelerating the energy transition by investing in companies that lead in decarbonizing sectors and driving renewable innovation. A&G operates out of Spain and Luxembourg, managing over €14 billion in assets with a focus on alternative investments including energy transition strategies, private equity, and real estate.