September 24, 2024
Simya VC is thrilled to announce their latest investment in Blok-Z, marking a significant milestone as they reach double digits in their portfolio. They emphasize the importance of renewable energy in the global energy transition and its critical role in achieving sustainability goals. However, they note that energy providers face challenges in transparently proving the origin of renewable energy sources, which complicates meeting regulatory requirements and consumer demands for hourly green energy guarantees. Developing tracking systems can be both costly and complex, leading to inefficiencies, compliance risks, and a decline in consumer trust.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
---|---|---|---|---|
Blok-Z | $500K | September 24, 2024 | Simya VC | Energy |
Blok-Z’s GreenLink platform addresses these issues by offering “hourly carbon-free energy matching.” This platform provides energy providers with hourly energy verification, automatic compliance, and transparent data access for consumers. It also reduces operational costs, helps prove the origin of green energy sources, and builds consumer trust.Top of FormBottom of Form
About Blok-Z
Blok-Z is a software provider focused on the energy sector, offering innovative solutions to help companies achieve their carbon-free energy goals. Their main product is a 24/7 carbon-free energy (CFE) matching software, which allows energy providers to match their customers’ energy consumption with carbon-free sources on an hourly basis. This helps companies meet their sustainability targets and enhances transparency in energy distribution. Blok-Z aims to drive the digital transformation of the energy industry, supporting a shift towards more sustainable and localized energy solutions.
Website: https://www.blok-z.com/
About Investor
Investor: Simya VC
Simya VC is a venture capital firm focused on helping early-stage startups grow globally. They provide seed investments, mentorship, and access to a vast network through partnerships with organizations like the Alchemist Accelerator. Simya VC aims to support innovative B2B startups with a fast and transparent investment process, leveraging the expertise of their experienced team and partners.
Location: Istanbul Türkiye
Website: https://simya.vc/en/home/
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