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February 5, 2025

Exclusive: Smart grid startup Ionate raises $17m Series A

The London-based company is plotting expansions in both Europe and the US

London-based smart grid deeptech Ionate has raised $17m in Series A funding led by AlbionVC. The round comes as investors focus on Series A funding for grid management technologies, despite an overall downturn in the sector last year.

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Maya Dharampal-Hornby

Maya Dharampal-Hornby is Sifted's editorial assistant and producer of Startup Europe — The Sifted Podcast .

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