IONSEED
High performance IoT infrastructure for distributed energy management and storage.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
€200k | Seed | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 2817 % | 59 % | - | (58 %) | (74 %) | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (1044 %) | (4 %) | 13 % | (173 %) | (363 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1063 %) | (15 %) | 11 % | (177 %) | (521 %) | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Based in Portugal, IONSEED operates within the cleantech and Internet of Things (IoT) sectors, focusing on distributed energy management and storage. The company was established in 2013 and targets equipment manufacturers, particularly those producing hot water tanks, as its primary client base. The business model centers on providing a control system that transforms clients' passive energy storage products, like water heaters, into intelligent, IoT-connected appliances. This conversion allows for the creation of a distributed energy storage network, managed by IONSEED's demand-response online platform.
The core offering is a technology that retrofits traditional energy storage devices, enabling them to become part of a larger, smarter grid. For manufacturers (OEMs), this means their conventional products can be upgraded to cutting-edge, interactive systems. For end-users, the technology, dubbed the "next-gen thermal battery," offers the ability to store surplus energy, such as that from solar PV systems, at a lower cost than chemical batteries. It also allows users to schedule their hot water needs, heating only the necessary amount, which optimizes energy consumption. This creates a system that is demand-response ready, giving consumers more control over their energy usage. By turning these devices into connected assets, the company facilitates real-time data analytics, empowering clients to optimize energy use and reduce waste.
IONSEED has secured funding from several institutional investors, including EIT InnoEnergy, EDP Starter, Vega Ventures, and Incense Accelerator. The company has participated in multiple accelerator and incubator programs and completed a Later Stage VC funding round in September 2020. This financial backing supports the ongoing field tests and preparations for a broader market launch of its thermal battery technology.
Keywords: thermal battery, energy storage, IoT, distributed energy management, cleantech, demand response, energy efficiency, smart grid, hot water tanks, OEM solutions, energy management system, surplus energy storage, solar PV integration, real-time energy analytics, Portugal, EIT InnoEnergy, venture capital-backed, energy control systems, IoT infrastructure, sustainable energy