Gorilla, a Belgian startup specializing in real-time data and analytics for the energy sector, has successfully raised €23 million ($25 million) in a Series B funding round.
This investment, led by prominent U.S. venture capital firm Headline, will enable Gorilla to accelerate its expansion and product development efforts.
Transforming Energy Data into Actionable Insights
Founded in 2018, Gorilla offers a sophisticated cloud-based platform that empowers energy providers to analyze vast datasets.
By understanding consumption patterns, forecasting energy demands, and pinpointing areas for improvement, Gorilla’s technology is transforming the way energy companies operate.
Gorilla boasts an impressive client base, including major energy providers such as Centrica (parent company of British Gas), Shell Energy, and Gas South.
These companies leverage Gorilla’s platform to gain valuable insights from their energy data, driving efficiency and optimization.
Expansion Plans Amidst Soaring Energy Prices
With the new funding, Gorilla aims to expand its reach across Europe, focusing on Germany, a market currently grappling with high energy prices.
The company also plans to strengthen its presence in the U.S. market, where energy prices have been on the rise, particularly in Texas, due to increased demand for air conditioning.
Gorilla’s growth comes at a time of significant change and volatility in the energy sector. Geopolitical tensions, evolving regulations, and the rise of distributed energy sources are creating new challenges and opportunities.
Gorilla’s data-driven solutions are well-positioned to help energy providers navigate this complex landscape.
Innovation as the Key to the Future of Energy
Ruben Van den Bossche, Gorilla’s co-founder and CEO, emphasizes the importance of innovation in shaping the future of the energy sector.
He believes that Gorilla’s platform will enable energy retailers worldwide to become more agile in their commercial offerings while driving progress towards net-zero goals.
Backed by Leading Investors
Gorilla’s Series B funding round attracted participation from prominent investors, including Headline, Beringea, and Belgian private equity firm PMV.
Headline’s previous investments in successful companies like Sonos and emerging AI startups like Mistral underscore its confidence in Gorilla’s potential.
With this substantial investment and strong backing, Gorilla is well-equipped to continue its mission of transforming energy data into actionable insights, ultimately benefiting both energy providers and consumers.