Trawa Raises €24M to Cut Energy Costs for EU Businesses
Founding team Max Lüddemann, David Budde, Robert Quick - © trawa
Energy management startup trawa has closed a €24 million Series A funding round led by venture capital firm Headline, with participation from Norrsken VC and existing investors including Balderton Capital and Speedinvest. The Berlin-based company plans to use the capital to expand its integrated B2B energy solution across German-speaking markets.
According to the company's press release, trawa addresses a critical challenge facing European businesses: electricity costs that are roughly double those in the US and China.
The startup's platform combines AI-powered energy procurement with proprietary energy management software that goes beyond traditional solutions. By integrating battery storage and flexibility marketing, trawa enables companies with annual electricity costs of at least €100,000 to reduce their energy bills by up to 30% annually.
"For many European SMEs, high energy prices are no longer a temporary problem but a real competitive disadvantage," said David Budde, trawa's co-founder and CEO, as stated in the press release. The company's solution provides access to affordable, sustainable electricity while offering user-friendly energy management tools and intelligent consumption control.
Christian Miele, General Partner at Headline, emphasized the strategic importance: "Europe's reindustrialization will be driven not only by more innovative production processes but also by infrastructure innovation. Energy is at the center of this transformation."
Currently serving over 100 commercial customers across 3,000+ locations in Germany, trawa's client base includes the Maritim hotel chain, Flixtrain railway company, and Conrad Electronics. The company expanded into Austria earlier this year and plans to continue growing throughout German-speaking regions.
With Europe's energy markets becoming increasingly volatile due to renewable energy growth, trawa's integrated approach to energy procurement, management, and storage optimization positions it to help businesses navigate the transition while maintaining competitiveness.
