# eSmart Systems funding: rounds and investors

> eSmart Systems has raised $46M across 2 rounds since 2017. Investors include Kongsberg Digital, Energy Impact Partners and Innogy Ventures.

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

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

# Who invested in *eSmart Systems*

2 rounds we have observed, with the 5 investors named in them. 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

**$46M** raised across 2 rounds since 2017, from 2 sources

**$12M** Round **$34M** Round

- **Latest round:** Round, $34M Jun 2019
- **Step-up i:** 3×
- **Investors:** 5

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2017 2018 2019

**$12M** Round

**$34M** Round

- **First round:** Round, $12M
- **Biggest round:** $34M
- **Between rounds:** 2.5 years

## The rounds

- **Jun 2019** Round **$34M** *4 new* *1 returning* [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) [Innogy Ventures](https://millionrounds.com/fund/innogy-venture-capital) [Nysnø](https://millionrounds.com/fund/nysn-climate-investments) [Equinor Energy Ventures](https://millionrounds.com/fund/equinor-energy-ventures) [Kongsberg Digital](https://millionrounds.com/fund/kongsberg-digital) Reported by VentureBeat
- **Jan 2017** Round **$12M** *1 new* [Kongsberg Digital](https://millionrounds.com/fund/kongsberg-digital) Reported by FinSMEs

## Founders and team

From eSmart Systems's own website: 7 on the team.

- **Henrik Bache** Chief Executive Officer
- **Chantale Pelletier** President & CEO at Oppelio
- **Erik Åsberg** Chief Technology Officer
- **Nancy Cavanaugh** Chief Financial Officer
- **Vidar Blomvik** Chief Service Officer
- **Hortense Jacon** Investment Manager at TiLT Capital Partners
- **Lillian Shattock** Director at Arosa Capital Management

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2017 **Round** 2019 [Kongsberg Digital](https://millionrounds.com/fund/kongsberg-digital) [Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) [Innogy Ventures](https://millionrounds.com/fund/innogy-venture-capital) [Nysnø](https://millionrounds.com/fund/nysn-climate-investments) [Equinor Energy Ventures](https://millionrounds.com/fund/equinor-energy-ventures)

## Everyone who backed them

[Kongsberg Digital](https://millionrounds.com/fund/kongsberg-digital) Corporate VC **2** rounds

[Energy Impact Partners](https://millionrounds.com/fund/energy-impact-partners) VC firm **1** round

[Innogy Ventures](https://millionrounds.com/fund/innogy-venture-capital) Corporate VC **1** round

[Nysnø](https://millionrounds.com/fund/nysn-climate-investments) VC firm **1** round

[Equinor Energy Ventures](https://millionrounds.com/fund/equinor-energy-ventures) VC firm **1** round

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

## Also claim to have backed them

This firm lists eSmart Systems 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.

[Future Energy Ventures](https://millionrounds.com/fund/future-energy-ventures) VC firm Per its own site

## Quick answers about eSmart Systems

### Who invested in eSmart Systems?

eSmart Systems's investors include Kongsberg Digital, Energy Impact Partners, Innogy Ventures, Nysnø and Equinor Energy Ventures.

### How much has eSmart Systems raised?

eSmart Systems has raised $46M across 2 rounds since 2017.

### When did eSmart Systems last raise?

eSmart Systems's most recent round was an Undisclosed round of $34M in Jun 2019.

### What was eSmart Systems's biggest round?

Its most recent round, $34M in Jun 2019, is also its largest on record.

### Who backed eSmart Systems first?

eSmart Systems's first round on record, in Jan 2017, was backed by Kongsberg Digital.

### What stage is eSmart Systems at?

eSmart Systems's latest named round is an Undisclosed round, in Jun 2019.

### Where is eSmart Systems based?

eSmart Systems is based in Norway.

## Companies like eSmart Systems

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

[**Otovo** $7.3M · Jul 2026](https://millionrounds.com/company/otovo)[**HydrogenPro** $14M · Jun 2026](https://millionrounds.com/company/hydrogenpro)[**Photoncycle** $17M · Mar 2026](https://millionrounds.com/company/photoncycle)[**Flocean** $23M · Nov 2025](https://millionrounds.com/company/flocean)[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)

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