German energy tech startup becomes Europe's latest unicorn following €50M raise
German energy tech startup CMBlu Energy has achieved unicorn status with a €1bn valuation following an initial €50m closing in its Series C funding round. The investment was led by Samsung Ventures, which joined existing backers including construction firm Strabag. The funding reflects growing demand for long-duration energy storage solutions, particularly from data centers.
- ▪CMBlu Energy reached a €1bn valuation after raising €50m in the initial close of its Series C round.
- ▪Samsung Ventures joined as a new investor in CMBlu Energy's latest funding round.
- ▪All existing investors, including Austrian construction company Strabag, participated in the round.
- ▪The funding supports CMBlu Energy's development of long-duration battery storage technology.
- ▪Data centers are increasingly seeking reliable long-duration power storage solutions.
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NewsVC databaseContactGet planNewsletterGerman energy tech startup becomes Europe's latest unicorn following €50m raise 30 apr. 202612:53Constantin Eis, CEO of CMBlu Energy. Image suppliedA battery energy startup has hit a €1bn valuation with backing from Samsung Ventures, as data centres race to secure long-duration power storage.German battery startup CMBLU Energy has crossed the €1bn valuation threshold after closing an initial €50m round of its Series C, with Samsung Ventures joining as a new investor.All existing investors, including Austrian construction giant Strabag, also participated in the round.Become a member to continue readingAlready a member? Sign in
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