Italy-based Renewcast, a company specialised in wind energy generation forecasting, announced recently, that it has secured €2M through a SAFE/CLA funding round.
The funding round was led by South Western Power Group (SWPG), a division of MMR Group, a major player in power transmission and renewable energy in the US.
The previous funding round was led by Finland’s Helen Ventures and included follow-on investments from Tech4Planet, the National Technology Transfer Hub for Environmental Sustainability established by CDP Venture Capital SGR. Additionally, the round received continued backing from the founding team, previous investors such as Beamline Fund, and MindTitan, which joined as a strategic development partner.