Eindhoven-based Tibo Energy, a developer of a next-generation Energy Management System (EMS) for industrial and commercial energy sites, has raised €6M in the Seed funding round.
The round was led by KOMPAS VC with participation from Hitachi Ventures and WEPA Ventures, alongside existing investors SET Ventures and Speedinvest.
KOMPAS VC is a specialist early-stage venture capital firm with offices in Amsterdam, Barcelona, Berlin, and Copenhagen, tackling the core industrial challenges of tomorrow.
Sebastian Peck, Partner at KOMPAS VC, added: “Tibo gives industrial customers the tools to actively manage their energy use, even in constrained environments. With the rise of grid congestion and decentralisation, this kind of intelligence is no longer optional—it’s essential.”
In addition to the investment from the family venture capital firm WEPA Ventures, Tibo Energy and WEPA Group have established a broader industry partnership aimed at exploring innovative solutions for industrial energy.
The announcement comes over a year after raising €3M in a seed round of funding, to expand its team and venture into international markets.
Fund utilisation
The new funding will be used to expand into Germany and Belgium and to double Tibo’s team over the next 12 months, with hires across engineering, sales, and product.
On the product side, Tibo will expand its EMS with plug-and-play modules for new use cases, including fleet charging coordination, e-boiler control, and advanced visualisation via PowerBI.
Grid congestion is limiting business growth in the Netherlands. Companies face long delays for grid upgrades, penalties for high energy use, and halted expansion plans.
Here’s where Tibo Energy offers a solution with software that increases capacity by managing local energy resources in real-time, eliminating the need for grid upgrades.
Tibo Energy: AI-driven energy management platform
Founded in 2022 by Remco Eikhout, Jeroen Althusius, Josh Mengerink, Linda Zandt-Sloot, and Bram Cappers, Tibo Energy develops AI-driven software to simulate and control decentralised energy grids.
The company’s platform features an easy-to-use Energy System Simulator that lets you drag and drop elements into place, along with a smart energy management system called “Alice.”
Alice works continuously, updating control settings every five minutes to adjust energy use based on real-time information, future price predictions, and specific contracts.
It’s flexible and can work with various types of energy sources, such as solar panels, batteries, and electric vehicle chargers. This approach enables users to proactively manage their energy, allowing them to anticipate changes rather than just react to them.
By using predictions about prices, grid capacity, and carbon intensity, the system ensures energy flows where it provides the greatest benefits.
“Infrastructure limitations shouldn’t hold back the energy transition,” says Remco Eikhout, CEO and co-founder of Tibo Energy. “With our AI engine Alice at the core, Tibo enables industrial players to leverage unused capacity, predict risks, and optimise in near real-time, whether managing a single battery or a full EnergyHub. This funding helps us bring that flexibility and resilience to more European customers.”
Since launching in late 2023, Tibo has deployed its EMS on more than 30 industrial sites.
Projects include multi-site implementations with Montea and active EMS control at locations such as Intratuin.
Customers use the system to coordinate local production and consumption, monitor energy use, and automate decisions that previously required manual input, achieving tangible results such as avoiding peak load penalties, optimising solar generation, and cutting operational costs.
Partners such as Unica, Hoppenbrouwers, and Stantec are actively working with Tibo to implement EMS projects across logistics, retail, and light industry.
