EDP

EDP Ventures is the venture capital arm of EDP (Energias de Portugal), a global utilities company based in Portugal that focuses on clean energy and renewables. Established in 2008, EDP Ventures is dedicated to driving open innovation by investing in early-stage tech startups within the energy sector. The company aims to support EDP's operations and enhance its climate tech impact, with a goal of becoming 100% green by 2030. Based in Lisbon, EDP Ventures targets startups that contribute to grid digitalization, renewable energy integration, and clean tech solutions. It has made 72 investments, focusing on seed to Series C funding rounds, typically ranging from $1-5 million. Notable investments include companies like Splight, which specializes in AI for grid optimization, and Mixergy, which focuses on hot water technology. EDP Ventures also participates in accelerator programs to connect global innovators with EDP's markets in Europe, the US, and Brazil.