# Efenco funding: rounds and investors

> Efenco has raised $3.2M across 1 round since 2023. Investors include EIC Accelerator. Every round with its source.

Source: https://millionrounds.com/company/efenco (Millionrounds; every figure on the page links to its filing or article)

Estonia · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Efenco*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summary Updated 26 Oct 2026

**$3.2M** raised across 1 round since 2023, from 1 source

- **Latest round:** Grant, $3.2M Nov 2023
- **Investors:** 1

See who backed them

## The rounds

- **Nov 2023** Grant **$3.2M** [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Source recorded

## Founders and team

From Efenco's own website: 7 on the team.

- **Kristjan Tiik** Co-worker / CEO - Chief Executive Officer​
- **Endo Viires** Co-worker / CTO - Chief Technology Officer​
- **Jürgen Mets** Co-worker / CCO - Chief Commercial Officer​
- **Kristo Tuurmann** Co-worker / CFO - Chief Financial Officer
- **Dmitri Jelõkov** Technology Project Manager
- **Eva Talve** Hydrogen Business Lead​​
- **Raigo Pert** Customer Technologist/Engineer​​

## Everyone who backed them

[EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=efenco).

## Quick answers about Efenco

### Who invested in Efenco?

Efenco's investors include EIC Accelerator.

### How much has Efenco raised?

Efenco has raised $3.2M across 1 round since 2023.

### When did Efenco last raise?

Efenco's most recent round was a Grant of $3.2M in Nov 2023.

### What was Efenco's biggest round?

Its most recent round, $3.2M in Nov 2023, is also its largest on record.

### Who backed Efenco first?

Efenco's first round on record, in Nov 2023, was backed by EIC Accelerator.

### What stage is Efenco at?

Efenco's latest named round is a Grant, in Nov 2023.

### Where is Efenco based?

Efenco is based in Estonia.

## Companies like Efenco

In the same sector, and raised in the last eighteen months.

[**Skeleton Technologies** $274M · Oct 2026](https://millionrounds.com/company/skeleton-technologies)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Navitas Solar** $20M · Oct 2026](https://millionrounds.com/company/navitas-solar)

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