PGGM Backs Sympower’s European Growth with €19M Investment

Sympower has secured a €19 million investment from Dutch pension investor PGGM, investing on behalf of PFZWDealroom has a profile for this one. Try Dealroom →, the pension fund for workers in the healthcare and welfare sector.

The financing comes as an extension of the company’s Series B1 round and lifts the round's total to €42 million. It marks one of the largest institutional commitments to Sympower so far, underscoring the growing importance of flexibility services in Europe’s power markets.

Based in Amsterdam, Sympower develops software that helps electricity grids integrate renewable energy by coordinating distributed resources, demand response, and storage systems. Its platform allows grid operators to balance supply and demand as wind and solar become a larger part of the energy mix, making the system more stable and resilient.

The fresh capital will be used to expand Sympower’s optimisation services for battery energy storage, pursue acquisitions, and grow into new European markets. With operations already spanning the Nordics, Greece, and several other countries, the company sees the investment as a catalyst to strengthen its pan-European presence.

For PGGM, the deal falls under its Climate & Energy Transition Solutions mandate, which channels pension capital into businesses that accelerate the shift to a low-carbon economy. For Sympower, it provides the means to scale at a critical moment when grid flexibility is increasingly recognised as a cornerstone of the energy transition.

Sources:
Tech Funding News
Sympower

J.V.