Alantra and Enagás back Linkener's €7.5m energy tech funding round

✦ Meridian Analysis

Linkener, a Valencia-headquartered energy technology start-up, has signed a €7.5 million investment round. The transaction is led by Klima Energy Transition Fund—Alantra's energy transition fund, which counts Enagás among its principal investors alongside European Investment Fund, Axis ICO, and CPPI—with continued participation from GoHub Ventures, which previously led a €1.9 million round in 2019. The company provides a Sistema Inteligente de Gestión Energética featuring proprietary tele-metering that enables corporate clients to monitor consumption, validate invoices, and receive savings recommendations. The fresh capital will be deployed to develop proprietary artificial intelligence models for automated energy management and to fund acquisitions across three axes: adding new service layers, growing the client base, and expanding technological capabilities. Linkener operates in Italy and Portugal alongside Spain, servicing over 2,000 clients across 10,000 supply points representing 1.7 TWh managed annually. Its client roster includes Acciona Agua, Aqualia, la Diputación de Ciudad Real, el Oceanográfic de Valencia, el Levante UD, Cox Energy, or Singular Hoteles. The company has also executed more than 400 photovoltaic and battery storage projects throughout Spain via an engineering team of over 40 people. Enagás acquired a 31.5% stake in French peer Teréga for €573 million. the exact equity stake acquired by the new investors, and the financial advisers involved in the transaction were not disclosed in the sources.

The Meridian Weekly