FlexiDAO, a Barcelona-based software provider for 24/7 electricity and carbon tracking, announced that it has raised €6.1M in a Series A round of funding led by SET Ventures.
Google, the Microsoft Climate Innovation Fund, and existing investor EIT InnoEnergy, also participated in the round.
The capital will help FlexiDAO to scale its software platform worldwide, focused on the US and Europe.
Founded by Joan Collell and Simone Accornero, FlexiDAO’s software platform uses blockchain technology to certify and trace electricity from production to consumption.
The software enables customers to understand the origin and carbon footprint of the energy they consume and take action to procure cleaner electricity and drive the decarbonization of their operations.
The company is active in 13 countries and works with world-leading renewable energy suppliers and energy buyers, including Acciona, Iberdrola, Vodafone, and Iron Mountain, among others.
Read more on Tech Gist Africa: