FlexoWatts

Direct Message
October 28, 2023
Data is self reported
We’re FlexoWatts. We add flexibility to the energy ecosystem for businesses today. Through our open and future-ready energy management solution, we help businesses keep energy costs low, work within grid limitations and reduce their CO2 footprint.

Achievement

- We've launched our proposition together in the market under the name FlexoWatts. We build a network of experts around us that are top of the market on IoT (energy asset orchestration) and energy Flexibility (machine learning).

Founded in

2023

Country

Netherlands

Industry

Energy

SDGs

Affordable and clean energy (SDG #7), Climate action (SDG #13)

Patent information

We believe in open and continuing innovation through open source and supporting open standards. We believe our expert knowledge gives us a very strong head start in this strongly growing market.

Team

Number of founders

pre-revenue

Number of employees

Yes

Founder backgrounds

McKinsey, Stripe

Exit experience

Yes

Relevant industry experience

Yes

Previous startup experience

Yes

Female founder

No

In the news

Investment details

Amount raising

500000

Ownership founders

100% owned by founders

Lead investor

-

Current investors

Earlier we raised subsidies/grants.

Intended closing date

Q1

Fundraising status

Already committed

-

Revenue Metrics

Monthly revenue

pre-revenue

Monthly growth

not growing

Paying customers

0

Monthly active users

0
We’re FlexoWatts. We add flexibility to the energy ecosystem for businesses today. Through our open and future-ready energy management solution, we help businesses keep energy costs low, work within grid limitations and reduce their CO2 footprint.
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Premium Details Available

(Data is self reported)

FINANCIAL PERFORMANCE

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INVESTMENTS

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TEAM

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OTHER

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Premium Details

(Data is self reported)

FINANCIAL PERFORMANCE

Monthly Revenue
pre-revenue
Growth rate month over month
not growing
Monthly revenue context
A monthly recurring fee based on the optimization potential (€) based on our digital twin technology. Additionally, we add a fee when scaling the functionality.
Number of paying customers
0
Monthly active users
0

INVESTMENTS

Do you have a lead investor?
-
How much have you raised in the past?
Earlier we raised subsidies/grants.
How much of this round already committed?
-
When are you aiming to close this round?
Q1

TEAM

How much time do the founders spend on the business?
70-89%
Is there a founder with previous co-founder / c-level at startup experience?
Yes
Is there a founder with previous Sector Experience?
Yes
Is there a founder with previous Exit Experience?
Yes
What percentage of company is owned by founders?
100% owned by founders
Is there a women founder with at least 5% of the shares?
No
Is there a founder with a EUR / Erasmus MC or TUDelft relation?
None of these
Graduation year from EUR, Erasmus MC or TUDelft

OTHER

Year founded
2023
Patent status
We believe in open and continuing innovation through open source and supporting open standards. We believe our expert knowledge gives us a very strong head start in this strongly growing market.

Basic details

Amount raising
500000
Country
Netherlands
Industry
Energy
Founders
linkedin profile of founderlinkedin profile of founderlinkedin profile of founder
Last updated:
October 28, 2023

Key Achievements

  • - We've launched our proposition together in the market under the name FlexoWatts. We build a network of experts around us that are top of the market on IoT (energy asset orchestration) and energy Flexibility (machine learning).
  • One of our team members has build an open source energy flexibility framework which is now part of the Linux Energy Foundation.  By making this framework open source and part of the Linux Energy foundation, we can grow it worldwide, build a community of contributors and provide a lot of people with an interesting job that contributes to the energy transition worldwide and a better world.

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