Swedish powertech startup Fever raises €10M in Seed round led by General Catalyst
Summary
Stockholm-based Fever, a powertech company building an API-centric platform for virtual power plants, announced on Thursday that it has raised €10M in a seed round of funding led by General Catalyst. General Catalyst is a venture capital firm that supports founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond to build companies that withstand the test of time. With offices in San Francisco, Palo Alto, New York City, London, and Boston, the firm has helped support the growth of businesses such as Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara, Snap, Stripe, and Warby Parker. The deep technical knowledge of the founding team, complemented by Niek and Holger’s leadership at some of the most consequential energy companies in Europe, reflects our belief in the power of radical collaboration,” says Genevieve Kinney, partner at General Catalyst. Fabian Erici of Norrsken VC states: “From day one, the Fever team has impressed us with their clear impact-focus and swift product delivery—a true reflection of the urgency required to transform the power grid.