Amsterdam-based climate tech company Dexter Energy has raised €23 million in Series C funding to scale its AI-powered trading platform for renewable energy.
The round was led by Alantra’s Energy Transition fund, Klima, and joined by Mirova, with continued support from ETF Partners, Newion, and PDENH.
Boosting short-term trading for wind, solar, and battery assets
Dexter Energy will use the funding to strengthen its battery trading capabilities, refine its optimization tools for wind and solar portfolios, and expand its operations across more European markets.
“We believe AI is essential infrastructure for a renewable-powered grid,” said CEO and founder Luuk Veeken. “This investment helps us redefine how wind, solar, and battery portfolios are traded short-term.”
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From forecasting to automation
Founded in 2017, Dexter Energy delivers machine learning-based forecasting, automation, and asset management tools to help energy providers maximize clean energy value and grid balancing. It currently operates in nine European countries with a team of 90 experts and serves over 80 energy firms, including Centrica Energy, Pure Energie, and Luminus.
