Heimdall Power Raises $25M in Series B Funding
Summary
The round was led by Orlen, Nordic cleantech fund NRP Zero and the Steinsvik Family Office. Additional investments were made by existing investors, Investinor, Eviny, Hafslund, Lyse, and Sarsia Seed. It designs and develops smart software solutions and industrial devices in support of its mission to enable a swift, secure and affordable energy transition around the world. Commenting on the news, Jørgen Festervoll said: “This funding gives us fuel to grow internationally, as we continue to build our organization with the best people and industry experts in the world. It will also allow us to make further investments in our tech-development, taking scalability to the next level as we strengthen our position as the clear world-leader within Grid-Enhancing Technologies,” Festervoll concluded.“