Enline, a EIT InnoEnergy portfolio company and global software business specializing in the energy sector, has successfully secured €3.5 million in a growth capital pre-series A funding round. The round was led by Caixa Capital Risc, with support from Santander Alternative Investments (through Santander Innoenergy Climate Fund) and EIT InnoEnergy.

The funds raised will be utilized to accelerate Enline’s global expansion and reinforce its position as a leading provider of innovative sensorless software for the energy industry. Enline aims to continue its commitment to sustainability by developing new software solutions that optimize energy infrastructure performance, contributing to Net Zero carbon emissions.

With a strong global presence, Enline has been rapidly expanding across Europe, North America, Latin America, Africa, Asia, and Australia. The company serves strategic markets, including power grids, energy generation, industry and mining, smart cities, and insurance.

Manuel Lemos, Co-founder and CMO of Enline: “The energy industry is on the brink of a significant shift towards sustainable and renewable resources, fueled by technological innovations and global efforts to combat climate change. At Enline, our dedication lies in hastening this shift through our remote sensorless software-driven technologies. We are pioneering an approach that obviates the need for extra sensors, with a central focus on attaining Net Zero Carbon emissions.”.

Gabriel Pino, Co-founder and CTO, highlights “We are revolutionizing power system modeling with our advanced sensorless digital twin technology. This innovation is not just enhancing electrical engineering but is pivotal in leading the energy sector’s digital transformation, aligning with our vision for sustainable and efficient energy solutions.”.