Heartcore Capital led an €11m Series A funding round in Capalo AI.

Heartcore Capital, a venture capital firm, led an €11m Series A funding round in Capalo AI, an AI energy optimization and virtual power plant operator, with participation from Tesi, VentureFriends, PROfounders, Inventure, and Innovestor. “The demand for battery energy storage systems continues to grow alongside the clean transition. Riding this trend, Capalo has rapidly expanded in recent years and achieved a notable position in its current target markets. The Capalo team has done excellent work, and we are excited to collaborate with the company and support the scaling of its international growth,” Jan-Patrick Haikkola, Tesi Investment Manager.