Climate and Clean Tech | March 15, 2022

Tibber secures $100 million for smart home clean energy devices

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, March 15 — Tibber provides smart devices to monitor household energy use, connected thermostats and electric-vehicle charging for tens of thousands of customers in Norway, Sweden and Germany.

The new funding will help the Norwegian company offer new products to make homes more independent from electricity grids.

The Series C round was led by Summa Equity, which earlier this year closed its third impact fund at $2.6 billion to invest in companies working toward the Sustainable Development Goals. “Tibber’s service directly addresses several of the SDGs,” said Summa’s Tim He, affordable and clean energy

Tibber has raised close to $182 million in debt and equity since 2016.