Podero Secures EUR 5.5 Million Seed Financing Round
Deal News | Mar 10, 2025 | CEE Legal Matters
Podero, a Viennese climatetech and renewable energy startup, has successfully raised EUR 5.5 million in a seed financing round. The round was led by Planet A Ventures, a German GreenTech fund, and saw participation from Systemiq Capital, Pale Blue Dot, and PUSH Ventures. E+H advised Podero on this transaction, while Dorda reportedly provided counsel to Planet A Ventures. The funding will enable Podero to enhance its software, expand its team, and grow its customer base. Podero's software platform assists energy suppliers by reducing costs on flexible appliances by over 25%.
Sectors
- Climatetech
- Renewable Energy
Geography
- Austria – Podero is a Viennese startup, anchoring the article in Austria due to its origin and operational base.
- Germany – The lead investor, Planet A Ventures, is a German GreenTech fund, marking this geography as relevant due to the investment source.
- Sweden – Swedish VC Pale Blue Dot participated in the seed round, adding substantial geographic interest to Sweden.
Industry
- Climatetech – The startup Podero focuses on climate technology, specifically developing software that aids in reducing energy costs, marking the company's operations within this sector.
- Renewable Energy – Podero's software solutions are designed for renewable energy suppliers, making this sector relevant to their business model and operations.
Financials
- EUR 5.5 million – The total amount raised by Podero in the seed financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Podero | Target Company | Company | A climatetech and renewable energy startup based in Vienna, focused on developing cost-reducing software for energy suppliers. |
| Planet A Ventures | Lead Investor | Company | A German GreenTech fund that led the seed financing round for Podero. |
| Systemiq Capital | Co-Investor | Company | One of the co-investors in Podero's seed financing round. |
| Pale Blue Dot | Investor | Company | A Swedish venture capital firm that participated in Podero's seed round. |
| PUSH Ventures | Investor | Company | An Austrian venture capital firm involved in the seed financing round for Podero. |
| E+H | Legal Advisor to Podero | Company | Provided legal advice to Podero for the seed financing round. |
| Dorda | Legal Advisor to Planet A Ventures | Company | Reportedly advised Planet A Ventures in the transaction. |
| Steve Jeitler | Partner at E+H | Person | Partner at E+H who was involved in advising Podero. |
| Susanna Falkenburg | Attorney at Law at E+H | Person | Attorney at Law at E+H who was part of the legal team advising Podero. |