Ostrom Closes $20M Series B to Expand Digital Energy Platform

Ostrom, the Berlin-based Certified B Corp™ digital energy management platform, has secured $20,000,000 in a recent funding round from investors. This significant capital injection is set to fuel the company's growth initiatives and further its mission to provide accessible green electricity solutions. The company is focused on making green electricity affordable and straightforward for households in Germany. Unlike traditional energy providers that often rely on lengthy contracts, Ostrom distinguishes itself by offering monthly tariffs and providing end-to-end support in both English and German. Its service delivers electricity at market purchase price, sourced exclusively from 100 percent renewable energy. Customers can manage their energy consumption and control their tariff in real time through the dedicated Ostrom app. The newly raised capital will be instrumental in advancing Ostrom’s strategic roadmap. In 2023, the platform successfully integrated dynamic pricing and electric vehicle charging capabilities. Looking ahead, the company plans to use these funds to incorporate smart meters and expand its technological offerings, enhancing its digital energy management solutions. This investment underscores a commitment to Ostrom's expansion and its long-term vision. The company aims to leverage this funding to support its objective of becoming the leading B2C energy platform in Europe by 2030, reinforcing its position in the renewable energy sector.