Deal follows recent strategic investment from Celtis Venture Partners and reinforces commitment to the sector.
Cleanwatts Digital, S.A., a leading climate tech company specializing in AI-powered energy management solutions, announced a significant investment from Magnify Capital Partners through its NOVUS fund.
This investment follows the recently announced strategic investment from Celtis Venture Partners, marking continued momentum for Cleanwatts Digital following its successful management buyout earlier this year. The back-to-back investments underscore strong investor confidence in the company’s AI-powered platform and its position in the rapidly expanding energy flexibility market.
Magnify Capital Partners, a Lisbon-based private equity fund manager, invests through its NOVUS fund, which targets small and medium-sized Portuguese companies implementing innovative solutions in support of the green economy and digital transformation. The fund operates in partnership with Banco Português de Fomento as part of Portugal’s Recovery and Resilience Plan.
“Cleanwatts Digital represents exactly the type of innovative Portuguese company that NOVUS was created to support,” said Pedro Ortigão Correia, Investment Manager at Magnify Capital Partners. “Their AI-powered energy management platform addresses critical challenges in the energy transition, and we are impressed by their proven track record managing over 1.5 TWh of energy across four continents. We look forward to supporting their continued growth and international expansion.”
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Cleanwatts Digital has established itself as a technology leader in energy flexibility and Virtual Power Plant (VPP) orchestration. The company’s AI-powered digital energy platform managed 1.5 TWh of energy for its clients last year and currently serves more than 85 clients across Europe, America, Africa, and Asia, with nearly 35,000 IoT devices deployed globally. The platform capabilities include battery storage optimization, energy efficiency management through its Kisense® solution, and comprehensive VPP services.
“We are delighted to welcome Magnify Capital Partners as an investor in Cleanwatts Digital,” said Basílio Simões, Co-Founder and Executive Chairman. “This investment, coming so soon after our partnership with Celtis, validates our strategy and demonstrates the market’s recognition of the critical role energy flexibility will play in the energy transition. With Magnify’s support and their strong connections to the Portuguese innovation ecosystem, we are well-positioned to accelerate our growth both domestically and internationally.”
The investment proceeds will be used to expand Cleanwatts Digital’s commercial presence in target markets, enhance platform capabilities for battery integration and grid services, and support the company’s continued innovation in AI-powered energy optimization solutions.
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