Limerick-based energytech startup VIOTAS, specializing in smart grid technology and demand-side energy management, has raised a €10 million debt facility from Claret Capital Partners.
- Founded in 2013, VIOTAS develops proprietary technologies enabling large energy users to support grid stability in real time while earning revenue from their energy assets.
- The company offers fully managed demand response and frequency services, helping businesses transition from passive electricity consumers to active participants in the energy market.
- VIOTAS provides around-the-clock support, detailed energy usage reporting, and rapid-response capabilities to help businesses achieve both cost savings and sustainability goals.
- Its solutions support the integration of renewable energy into the grid, enabling more effective energy management and consistent revenue in today’s increasingly complex and volatile energy landscape.
Details of the deal
- The investment was backed by Claret Capital Partners, a leading European growth debt fund manager supporting SMEs with financing solutions.
“VIOTAS is a key player in energy flexibility markets globally. We are excited to support their next phase of growth as they build on their international success and continue to innovate in support of a more sustainable, responsive energy future," explains David Bateman, Managing Partner of Claret Capital Partners.
- VIOTAS will use the €10 million funding to expand internationally, develop new services and technologies, and strengthen its teams and infrastructure, enabling more stable revenue and growth in volatile energy markets.
