Energy, Financial Services, Funds, Investments, Lithuania

International Internet Magazine. Baltic States news & analytics Tuesday, 09.03.2021, 06:53

Lithuania: Ignitis Grupe's fund invests EUR 0.3 mln. into Swedish startup Eliq

BC, Vilnius, 22.09.2020.Print version
Ignitis Inovaciju Fondas (Ignitis Innovation Fund), an investment fund established by Ignitis Grupe (Ignitis Group), Lithuania's state-owned energy group, has invested 295,000 euros in Eliq, a Swedish startup creating software solutions for the energy sector, the group said.

Its CEO Darius Maikstenas says the ongoing global changes in the energy sector require new solutions for clients.

Eliq's offered solutions are used by Sweden's Vattenfall“, France's GreenYellow and Norway's Eidsiva Energi.

Established in 2017, Ignitis Inovaciju Fondas has invested around 4.5 mln euros into 16 companies in seven countries.

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