Why we invested
A forecasting company in a market that had been buying spreadsheets for thirty years. We invested when two utilities had signed pilots and almost no one believed dispatch software could ever carry software margins.
The bet was that intermittency turns forecasting from a reporting function into an operating one — and that whoever owned the dispatch decision would own the customer relationship. That has proven correct across three regulatory regimes.
Meridian Grid now covers fourteen gigawatts of installed capacity across Europe. We led the Series B and have participated in every round since.
We had a difficult eighteen months. They led the bridge before anyone asked and never once relitigated the original thesis.
Our involvement
- Round led
- Series B, $42M
- Capacity covered
- 14 GW
- Markets
- 9 countries