Helsinki’s Vensum Power secures €9 million to scale its software-defined power conversion platform
Vensum Power, a Helsinki-based developer of Software-Defined Power Conversion (SDPC) solution, has closed a €9 million Series A round. The round was co-led by existing backer Lifeline Ventures alongside two new investors, Larsen & Toubro Group and Eviny Ventures. The round also saw continued participation from investors Grid.vc and Harjavalta Ventures. Vensum Power had raised […] The post…
Helsinki-based Vensum Power has secured €9 million in Series A funding to expand its software-defined power conversion platform. The round was led by Lifeline Ventures, with additional investments from Larsen & Toubro Group, Eviny Ventures, Grid.vc, and Harjavalta Ventures. The company has raised a total of €15.2 million since its founding in 2018.
Prashant Chiranjive Jain, Managing Director of L&T Vyoma and Head of L&T Electronic Products & Systems, emphasized the importance of efficient power conversion for data centers, which compete for limited grid capacity amid the global energy transition and digital infrastructure growth. Vensum Power's technology, described as near-lossless, is designed to deliver high efficiency across fluctuating loads, making its converters among the smallest at their power class.
The company plans to use the new capital to scale its product from development to industrial production, targeting markets such as AI data centres, EV charging stations, energy storage systems, and renewable energy installations.
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