Gorilla, a Belgian company that specializes in providing real-time data and analytics for the energy sector, has secured €23 million ($25 million) in a Series B funding round led by U.S. venture capital firm Headline. This significant investment will enable Gorilla to further expand its operations into new European markets and grow its presence in the United States.
About Gorilla
Founded in 2018 in Antwerp, Belgium, Gorilla has established itself as a leading provider of cloud-based data analytics solutions for energy providers across Europe, the United States, and Australia. The company’s platform allows energy retailers to process vast amounts of data and derive valuable insights on consumption patterns, enabling them to forecast future energy needs and identify areas for improvement.
Key Partnerships and Clients
Gorilla has established partnerships with several prominent energy companies, including British Gas’ parent Centrica, Shell Energy, and Atlanta-based Gas South. These collaborations have been instrumental in helping Gorilla refine its platform and expand its reach.
Series B Funding Round Details
The €23 million Series B funding round was led by Headline, a U.S.-based venture capital firm that has previously invested in notable companies such as Sonos and emerging AI startups like Mistral. Existing investors Beringea and Belgian private equity firm PMV also participated in the round.
Market Trends and Opportunities
The energy sector is currently facing significant challenges, including elevated prices, geopolitical tensions, and the increasing adoption of renewable energy sources. This complex landscape presents a fertile ground for data-focused energy startups to thrive. Gorilla’s CEO, Ruben Van den Bossche, commented on the investment: "No one knows what the energy sector will look like 10 years from now, but innovation is key in this path towards it."
Growing Demand for Energy Data Analytics
The demand for energy data analytics is growing rapidly, driven by the need for energy providers to become more agile and efficient in their operations. Gorilla’s platform is well-positioned to meet this demand, with its cloud-based solution enabling energy retailers to process vast amounts of data and derive valuable insights.
Headline’s Investment Strategy
As a leading venture capital firm, Headline has a track record of investing in innovative companies that are driving change in their respective markets. The firm’s investment in Gorilla reflects its commitment to supporting startups that are tackling complex challenges in the energy sector.
Gorilla’s Plans for Expansion and Growth
With the additional funding, Gorilla plans to further expand its operations into new European markets, including Germany, which is currently experiencing elevated energy prices. The company will also continue to grow its presence in the United States, where energy prices have soared in recent months.
Conclusion
Gorilla’s €23 million Series B funding round is a significant milestone for the Belgian energy data startup. With this investment, Gorilla is well-positioned to capitalize on growing demand for energy data analytics and expand its operations into new markets.
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- Energy Prices Soar: How Can Companies Adapt?
- The Rise of Renewable Energy Sources: Opportunities and Challenges
About the Author
Paul Sawers is a senior writer based in London, focused on covering UK and European startups. He has over a decade of experience covering consumer and enterprise technologies for various publications, including The Next Web and VentureBeat.
Contact the Author
For pitches or story tips, please contact Paul at paul.sawers [at] techcrunch.com. You can also follow him on Bluesky at @jambo.bsky.social.
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