Amsterdam-based Dexter Energy, a climate tech company, has raised €23M in a Series C funding round.
The funding round was led by Alantra’s energy transition fund, Klima, joined by Mirova and with continued support from existing investors, including ETF Partners, Newion, and PDENH.
Alantra is an independent global mid-market financial services firm providing investment banking, asset management, and private capital services. Alantra’s Energy Transition fund, Klima, is a €210M late-stage VC fund.
“Dexter Energy exemplifies the kind of cutting-edge energy tech we seek to invest in at Klima: solutions that combine advanced AI with deep energy market expertise to drive real impact. Their ability to optimise renewable and battery trading in and across multiple complex markets will be critical as Europe scales its clean energy infrastructure”, said Iñigo Echaniz, Partner at Alantra’s Energy Transition fund, Klima.
The company will use the investment to expand its solutions for battery trading, boost its optimisation tools for wind and solar energy, and grow into new European markets.
“We’re excited to welcome Klima aboard,” says Luuk Veeken, CEO and founder of Dexter Energy. “They share our belief that AI is now essential infrastructure for an electricity grid increasingly powered by renewables and storage. This investment enables us to grow our team, expand into new markets, and redefine short-term trading for wind, solar, and battery portfolios. In doing so, we can help more companies get the most out of their clean energy and support them in balancing the grid.”
Dexter Energy: Helping energy companies balance the electricity grid
Founded in 2017, Dexter Energy offers advanced machine learning and optimisation solutions for short-term power trading.
The company’s mission is to accelerate the energy transition toward a fully carbon-free power system by making short-term power trading smarter, easier, and more profitable for renewable energy producers.
The company does this by integrating forecasting, automation, and asset management.
As a result, Dexter helps energy providers to maximise the value of their wind, solar, and battery portfolios.
Dexter operates in nine European countries and has a team of 90 experts in short-term power markets, machine learning, trading, data engineering, and energy meteorology.
The company is focused on driving innovation and efficiency in the clean energy sector.
Today, Dexter Energy works with over 80 energy companies, including Centrica Energy, Pure Energie, and Luminus.
