Inven, Contrarian lead €5m series A round for Eliq

The startup, which has raised a total of €9m in equity, will use the proceeds of the latest round to expand its sales and marketing efforts, accelerate product development, expand geographically and recruit more people to its offices in Gothenburg and London.

Following the deal, Inven general partner Petr Míkovec and Contrarian general partner Rokas Peciulaitis will join Eliq's board of directors. 

Inven is a venture capital firm backed by CEZ Group and European Investment Bank. Contrarian is a VC fund from Lithuania specialising in smart energy investment. 

Previous funding
Eliq in 2016 raised $500,000 from CBC Investments. The following year, it raised €3m from CBC and a syndicate of 70 angel investors.

Company
Founded in 2015 as a spinout of home energy monitoring company Exibea, Eliq is a provider of customer engagement software to utility companies. It is based in Gothenburg and has an office in London. According to its LinkedIn page, it employs fewer than 50 staff.

People
Eliq – Håkan Ludvigson (CEO, co-founder).
Inven Capital – Petr Míkovec (managing director).
Contrarian Ventures – Rokas Peciulaitis (general partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• Nordics
• Technology
• Nordic venture
• Sweden
• Venture