Summa Equity led a $100m Series C funding round in Tibber.

Summa Equity, a private equity firm, led a $100m Series C funding round in Tibber, a smart energy retailer. “We are excited to partner with Edgeir, Daniel and the Tibber team to take part of their journey to help households transition to sustainable energy in a smart and efficient way. We are impressed by their vision to build the world’s largest virtual battery – consumers are increasingly sitting on large energy reservoirs in their EVs and connected home devices. By leveraging technology, Tibber’s customers save money and energy whilst helping to smoothen the energy transition to renewable sources,” Tim He, Summa Equity Partner.