# Emulate Energy funding: rounds and investors

> Emulate Energy has raised $5.5M across 1 round since 2025. Investors include Cleantech Open. Every round with its source.

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

Sweden · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Emulate Energy*

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.

Energy

Funding summary Updated 26 Oct 2026

**$5.5M** raised across 1 round since 2025, from 1 source

- **Latest round:** Series A, $5.5M Apr 2025
- **Investors:** 1

See who backed them

## The rounds

- **Apr 2025** Series A **$5.5M** [Cleantech Open](https://millionrounds.com/fund/cleantech-open) Source recorded

## Everyone who backed them

[Cleantech Open](https://millionrounds.com/fund/cleantech-open) Accelerator **1** round

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

## Also claim to have backed them

This firm lists Emulate Energy as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[SpinLab - The HHL Accelerator](https://millionrounds.com/fund/spinlab-the-hhl-accelerator) VC firm Per its own site

## Quick answers about Emulate Energy

### Who invested in Emulate Energy?

Emulate Energy's investors include Cleantech Open.

### How much has Emulate Energy raised?

Emulate Energy has raised $5.5M across 1 round since 2025.

### When did Emulate Energy last raise?

Emulate Energy's most recent round was a Series A of $5.5M in Apr 2025.

### What was Emulate Energy's biggest round?

Its most recent round, $5.5M in Apr 2025, is also its largest on record.

### Who backed Emulate Energy first?

Emulate Energy's first round on record, in Apr 2025, was backed by Cleantech Open.

### What stage is Emulate Energy at?

Emulate Energy's latest named round is a Series A, in Apr 2025.

### Where is Emulate Energy based?

Emulate Energy is based in Sweden.

## Companies like Emulate Energy

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

[**Elvy** $595M · Oct 2026](https://millionrounds.com/company/elvy)[**Rebaba** $4.6M · Sept 2026](https://millionrounds.com/company/rebaba)[**Tavion** $47M · Sept 2026](https://millionrounds.com/company/tavion)[**Rivus Batteries** $2.9M · Jul 2026](https://millionrounds.com/company/rivus-batteries)[**SeaTwirl** $17M · Sept 2025](https://millionrounds.com/company/seatwirl)[**Nrlyze** $1.0M · Aug 2025](https://millionrounds.com/company/nrlyze)

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