Norwegian energy firm Utility Cloud raises €7m to scale in Europe
11 sep. 2025
13:33
Norwegian software company Utility Cloud has secured €7 million in its first external funding round, as it sets out to modernise the energy sector’s outdated IT systems and expand across Europe.
The round was led by Norwegian fund manager Core Eqty and will be used to build up the team and accelerate international growth.
"The funding will go towards building the organisation and scaling our European presence. Our focus is on expansion and putting a strong team in place," CEO and co-founder Torbjørn Hompland told Impact Loop.