Innovestor has made a follow-on investment in Capalo AI, a Finnish energy tech company

Innovestor has made a follow-on investment in Capalo AI to help the company to maximise the value of flexible energy assets, accelerating the green transition. Capalo AI participated to Innovestor Palo 2022 Program last year.

Finnish energy tech startup Capalo AI has raised €500,000 in pre-seed funding. The funding round was led by Innovestor, with Inventure also participating. Capalo AI will use the funding to further develop its virtual power plant (VPP) and multi-market optimization AI, as well as scale up its team with talented mathematicians and cloud service professionals.

With the popularity and commissioning of renewable energy sources rising globally, the role of energy storage and flexible demand will be crucial in the green transition. The consumption and production of electricity have to be balanced at all times for a functioning grid.

Weather conditions make renewable energy production volatile, as it is never possible to completely accurately forecast how much electricity can be produced. Using advanced AI, Capalo AI can optimize the usage of flexible energy assets, such as energy storage systems and electric vehicle (EV) charging stations. Capalo AI’s technology allows the commissioning of weather-dependent renewable energy sources to grow rapidly by optimizing the flexibility of the energy grid to adjust to production and demand fluctuations.

This benefits national grids and Capalo AI’s customers, as the optimal bidding strategies maintain grid balance better and maximize the revenues of customers’ assets by stacking different revenue streams.

Innovestor sees numerous possibilities in investing in AI-powered energy asset optimization. For example, in windy weather, the prices of renewable energy are low, and therefore, its financial benefit remains low, i.e., wind power becomes a less lucrative investment option. This has led to the construction of batteries next to the turbines, which enables the energy to be discharged into the grid more evenly.

“Armed with an excellent can-do attitude, robust educational backgrounds, and a passion for bridging the gaps between today’s grid challenges and tomorrow’s green aspirations, the team at Capalo AI truly impressed us. Having achieved such impressive results in a short time, we’re convinced the team is on the brink of something remarkable. Our investment in Capalo AI is not just a financial decision; it signifies our commitment to a brighter, sustainable future. Together, we’re not merely participants in the green transition; we’re setting the pace.”

Petri Laine, Partner at Innovestor

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Petri Laine

Partner, Innovestor Technology Fund

Innovestor is a Finnish investment company focusing on venture capital and real estate. In addition, we offer corporate venturing services. The firm currently manages four VC funds with total capital of over €200 million. Consisting of almost 100 growth companies across multiple sectors of technology and life science & health, it represents one of the largest private venture-backed portfolios in the Nordics. Our mission is to make good money. For more information visit LinkedIn Twitter  

Capalo AI is a sustainable tech company that maximizes the value of flexible assets and energy storage systems across multiple markets. We combine the most accurate forecast data with cutting-edge AI models. For more information, visit

Inventure is the early-stage VC that knows how to get Nordic and Baltic founders to the next level. With €377 million under management, we thrive in moments where there’s plenty of uncertainty, backing over 90 portfolio companies including Wolt, Swappie, and aiMotive in their first rounds of investment. Meet us at our offices in Helsinki and Stockholm, or at an event near you. Find out more at