Coimbra, Portugal (July 5, 2024). Eneida, category pioneer in Neighbourhood Grid Intelligence for Zero Emission Neighbourhoods (ZEN), announced today the successful completion of its €10.5M Series B financing round. This new funding will allow Eneida to extend its leadership position to new markets, accelerate R&D efforts to further develop its cutting-edge technology for grid operators and the new energy players, and continue to scale its business and its operational analytics platform to make ZEN a reality for everyone. The company attracted two new prominent investors: Junction Growth Investors, who led the round, and Santander Alternative Investments. Additionally, Korys, a long-standing Eneida investor, increased its stake, alongside participation from current investor HCapital, and the company’s Founders.

Eneida’s Series B financing marks a pivotal milestone in its growth trajectory. With this capital infusion, the company is poised to strengthen its leadership in the low voltage network operational analytics space and expand into new markets, ensuring sustainable growth and maintaining a robust market position. The new funding also propels Eneida’s vision of ZEN (Zero Emission Neighbourhoods) into reality, ensuring sustainable, emission-free communities worldwide.

The company’s remarkable growth over recent years underscores Eneida’s technological prowess. Eneida addresses grid operators’ and the new energy players’ challenges by providing clear situational awareness, detecting and locating events and anomalies, and enabling the optimization and control of the low voltage grid, without costly infrastructure upgrades. This approach facilitates the rapid adoption of distributed assets such as solar panels, EV chargers, behind the meter batteries and heat pumps, fostering economic efficiency and higher-quality energy solutions.
Eneida’s Operational Analytics platform, eneida DeepGrid®, integrates smart sensors networks with data analytics and embraces an open, modular and interoperable architecture, supportive of 3rd party sensors and 3rd party applications. Like building blocks, clients can deploy the entire solution or individual modules, tailoring it to their operational teams’ needs for optimal LV Network management.

“We are delighted to welcome Junction and Santander as our new shareholders, securing the Series B financing round. This operation also reflects the confidence and support of our investors, led by Korys, in our strategic direction”, says Carlos Pina Teixeira, CEO at Eneida. “This capital infusion will fuel our efforts to provide exceptional value to our customers, drive innovation, and expand our market reach to make ZEN a reality for everyone”, concludes Carlos.

“As a committed investor in energy transition, Korys recognizes the pivotal role that smart grid technologies play in enabling a sustainable future. Eneida’s innovative solutions align perfectly with our mission to accelerate the transition toward cleaner, more efficient energy systems. Having accompanied Eneida for a few years already, we are excited to renew our support to fuel further Eneida’s growth and contribute to the realization of Zero Emission Neighbourhoods (ZEN)”, emphasizes Brieuc de Hults, Investment Director at Korys.

“At Junction we have identified grid enhancing technologies as one of our core focus areas helping to de-bottleneck the energy transition. The International Energy Agency (IEA) states that grid investment needs to nearly double by 2030, with emphasis on digitalizing and modernizing distribution grids, in order to meet national renewable energy targets. Eneida fits perfectly into this grid enhancing technology: they offer proven solutions (hardware & software) to distribution grid operators (DSOs) to obtain a detailed real-time view complemented with active grid management tools”, according to Dirk Dewals, Managing Partner.

“We are glad to support Eneida in its growth path. Making the electric grid fit for new clean technologies, like solar panels electric vehicles or batteries, is critical to avoid congestion and electrical faults. DSOs are demanding visibility to control their networks. With its combined solution, Eneida provides the analytical intelligence they need to enhance the optimization of their networks. With our support, we confirm our ambition to accompany companies that make a significant contribution to energy transition”, concludes Santiago Gil Head of VC ClimateTech of Santander Alternative Investments.

For media inquiries or further information, please contact:
Eneida Grid Intelligence S.A.
Anna Romanska
Marketing Manager
Mob. +351 910 706 495


About Eneida Grid Intelligence:

Road to ZEN® – Neighbourhood Grid Intelligence for Zero Emission Neighbourhoods (ZEN).
Eneida.io offers the eneida DeepGrid® Operational Analytics platform; an open, modular, and collaborative solution that integrates smart sensor networks with advanced data analytics. It enables Distribution System Operators (DSOs), New Energy Players and their operational teams to improve the management of its low voltage networks. The primary goals are to facilitate the implementation of electric vehicles, heat pumps, and solar panels on consumer rooftops, while reducing grid outages and faults, in everyone`s neighbourhoods.
eneida.io is a leading provider and operates across Europe, Africa, Australia, and New Zealand.

Korys is the investment company of the Colruyt family and creates sustainable added value in 3 ecosystems: Conscious Consumer, Healthy Living, and Energy Transition.
Korys does this in partnership with entrepreneurs and companies who share its commitment to value-driven entrepreneurship and sustainability while leveraging the expertise of a highly motivated team of 30 professionals in Belgium and Luxembourg. Thanks to its dedication, craftsmanship and strong financial foundation, Korys can make long-term commitments.
Over the past two decades, Korys built a portfolio of sustainable investments worth over €4 billion. Besides more than 20 direct investments, including Colruyt Group and Virya Energy, Korys also manages private equity funds and investments in listed instruments.

About Junction
Junction Growth Investors is a long-term, sustainable investment fund (art 9, SFDR) focussed on non-listed European SMEs and scale-ups that play a crucial role in the energy transition. Junction is not about early stage and not about financial engineering.
At Junction, we believe in scaling great things that have already been invented and invest with a sense of urgency about climate change. We believe we need to speed things up. We need to transition, not just set goals.
Junction is a combination of award-winning entrepreneurs, CEOs and investors with a track-record in successful energy (-tech) businesses, incl. Lampiris, REstore, sonnen, tiko and Tado.

About Santander Alternative Investments
Santander Alternative Investments (“SAI”) is the specialized division of Santander Asset Management that focuses on alternative investment opportunities SAI was created in 2023, with the objective of providing solutions to investors pivoting their portfolios into private markets. As part of Santander Group, we have the strength and backing of a leading financial group, enabling us to give our clients access to extensive capabilities for distribution in ten major markets and for origination in those activities in which the bank is an expert.

About HCapital:
HCapital Partners is a Portuguese independent private equity company devoted to investing in a broad spectrum of companies through dedicated funds, which cover different business stages from start-ups (Venture Capital) to mature businesses (Private Equity). The investment in Eneida is held by the HCapital New Ideas fund, an early-stage specialist fund, investing in innovative companies focused on (i) energy, (ii) smart territories, mobility and logistics, (iii) industrial processes, and (iv) data and connectivity.