€7.8 Million for Companion.energy and the Future of Energy Management
@companion energy

Belgian startup Companion.energy has closed a €7.8 million Seed funding round (a follow-on to their previous €2.1 million round in May 2024). The round was led by Germany's Realyze Ventures and the UK's Pi Labs. France's Asterion Ventures and existing investors also participated in the round. With this fresh capital, Companion.energy aims to further scale its AI-powered energy management platform and drive its commercial expansion across Europe. The company is currently active in Belgium, the Netherlands, and Switzerland, with Germany and Spain set to follow next.

Founded in 2022, Companion.energy reports massive growth over the past year. Its customer base and revenue have grown tenfold, with Annual Recurring Revenue (ARR) now exceeding one million euros (investors love a predictable and fast-growing ARR). Today, the company serves over 30 corporate clients, including TotalEnergies, KPN, Port of Antwerp-Bruges, Interparking, and Proximus Group. In total, the platform manages more than 2 TWh of annual energy consumption and production, as well as over 200 MW of decentralized energy assets and storage, including photovoltaics, wind power, and battery storage.

The demand for intelligent energy management systems is rising alongside the increasing volatility of energy markets. While energy prices used to follow stronger seasonal patterns, they now shift much more frequently due to the expansion of renewables on both a large scale (bringing both upsides and downsides—naturally, you want to capitalize on the positive spikes with low or even negative spot market prices, while avoiding the downsides of high spot prices as much as possible) and a small scale (on-site generation and flexible assets). As a result, traditional procurement processes are generally becoming increasingly costly, and companion.energy states that its flexible energy management can deliver 10–30% in energy cost savings.

Congratulations to companion.energy, and continued success!

Miguel Ebbers
Miguel Ebbers
Miguel Ebbers is head of M&P's Digitalization/BIM competence center and head of consulting at the Düsseldorf office. After completing his studies in architecture and facility management, he joined M&P as a consultant in 2010. Having started with functional consulting topics, his current focus is on process consulting and digital transformation in real estate and facility management.
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