German clean energy startup Spine GmbH raises €1.5 million in funding round

German clean energy tech startup Spine GmbH has secured €1.5 million in its inaugural funding round, aimed at expanding its team and enhancing its product development efforts.

The funding was backed by several investors, including Verbund X Ventures, the venture capital division of Austrian utility Verbund AG, and Bayern Kapital, the venture capital organization of Bavaria, Germany. The round also garnered support from Superangels and Scrape Ventures.

Established in February 2024, the Munich-based startup focuses on developing software solutions to manage energy-consuming devices, such as charging infrastructure, heat pumps, and battery storage systems.

Currently operating in Germany, Spine GmbH has plans to expand into additional European markets. With this funding, the startup has laid a solid financial groundwork for its future growth.