Giant Ventures
Assembly Line
Flower raises €45 million to revolutionise European energy flexibility
Flower has closed its Series A funding with an additional €20 million, bringing the round total to €45 million as it aims to redefine the post-transition energy system. The round was led by Northzone, with additional investment from Giant Ventures, 82an Invest, Sony Innovation Fund, and angel investors Thomas von Koch and Sebastian Knutsson, founder of game developer King.
Flower is enabling and managing tomorrow’s clean energy system by fostering flexibility, stability, and predictability in global energy grids, while also providing renewable power asset owners with enhanced revenue streams. This is achieved through Flower’s AI-driven platform and supporting hardware infrastructure.
The company will use this capital to support its ambitious pan-European expansion and to continue developing its Battery Energy Storage Systems. Currently active in Sweden and Denmark, Flower plans to extend operations to the DACH region, France, the Netherlands, and Belgium by 2025 and 2026.
Beyond Aero Raises $20 Million for Its Hydrogen-Electric Private Jets
Aerospace startup Beyond Aero has raised a $20 million funding round, a vote of confidence from investors that the French company’s vision to make hydrogen-powered electric jets for companies and the ultrawealthy will be a moneymaker. Giant Ventures and French sovereign fund Bpifrance co-led the Series A financing round, which also included capital from venture firms Initialized Capital, Female Founders Fund and 7 Percent Ventures. Beyond Aero participated in the Y Combinator startup accelerator program in 2022.