Utrecht-based Withthegrid, known for its Teleport Gateway, has raised €3.5 million in new funding, including €2 million from Move Energy and €1.5 million in debt from Rabobank and Nationaal Groenfonds. The financing aims to accelerate international expansion, product development, and scaling operations to better serve partners and customers. This investment will enhance features for Teleport users, streamline project launches, support regulatory compliance, and advance data security, promoting a decentralized energy future. CEO Paul Mignot emphasizes the validation of their vision through this substantial investment.
We are pleased to have attracted funding from such reputable and energy sector knowledgeable organisations as Move Energy, Rabobank, and Nationaal Groenfonds. Their confidence in our vision not only validates our business strategy but also propels us forward to achieve our ambitious goals. We look forward to working together as we continue to innovate and grow.
This recent investment will benefit Teleport users by improving its features in response to changing global conditions. It will expand the Teleport Asset Library and boost operations for European growth.
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