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May 15, 2025

Energy startup Elvy has another $20m in equity on the table months after pre-seed

The Swedish energy startup has more than doubled its customer base in three months

Mimi Billing

4 min read

Swedish energy startup Elvy is gaining traction. Just three months after announcing its $3.5m pre-seed round, the company has at least $20m in equity on the table — without actively fundraising — according to two people close to the company.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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