Alantra led a €52m series C round in GridBeyond.

Alantra, a private equity firm, led a €52m series C round in GridBeyond, an energy and smart grid platform provider, with participation from Klima, Energy Impact Partners, Mirova, ABB, Constellation and Yokogawa Electric. “We are delighted to complete this transaction. This funding, together with the support of our new partners, will enable us to expand our product offering and strengthen our leadership position in this space. The newly completed financing round sets GridBeyond on the path to increase the reach of our intelligent energy platform and deliver world leading AI and powerful automation capabilities to smart grid and energy markets across the world. This supports our ambition to advance the transition of the global energy networks towards digitalisation, decarbonisation, and decentralisation. All while enhancing commercial and operational benefits for market participants through fast-acting automation and optimisation of flexible demand, storage and distributed generation," Michael Phelan, GridBeyond Co-Founder and CEO.