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Ostrom
Smart energy supplier
- 21-100 employees
- B2C
- Energy
- Sustainability
- Mobile
- Mitte, Berlin, Germany
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Company mission
To drive the green energy transition by making renewable energy more accessible and inclusive.
Our take
While rising energy prices have been a serious strain for personal finances and national economies, they have led to innovative new solutions from startups looking to improve the situation. Ostrom is one such company, aiming to both lower costs and drive the transition to green energy through its home energy management platform.
Having only been founded in 2001, the company has swiftly grown to be one of Germany’s top 10% of energy suppliers (a crowded market of over 400 firms). It has achieved this by forming partnerships with hundreds of green energy providers and greatly lowering costs with its tech-led focus on efficiency which ensures tariffs are as low as possible. At the same time its app, which allows customers to manage hundreds of electric devices from lights to EV chargers, encourages users to be more frugal with their energy consumption.
The company has recently raised a large amount of funding in a Series A round. This capital will be used to expand its product range, with a particular focus on home energy storage and solar energy. In doing so this will bring the company closer to realising its goal of building a virtual power plant, as homes using the platform will be able to release energy to the grid and help in load balancing. Going forward the company is poised to leverage its significant momentum to bring green energy to the forefront of the Germany energy sector.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Flexibility: We offer a hybrid work model. You choose where you want to work with +/- 4-hour time difference to Central Europe. We also have an office in Berlin, Mitte if you want to join us in the office when it suits you
- Relocation package: If you want to move to Germany we offer visa and relocation support
- Trust-based Team: A truly flat hierarchy and transparent company culture, where everyone’s voice matters
- Benefits: From monthly team events to discounted gym membership, job-ticket for public transport, e-moped or e-bike via Dance, or monthly vouchers
- Personal development: You receive an annual growth budget, encompassed with development cycles twice a year
Company values
- People first - We ensure that everyone has a voice through transparency and empowerment. We listen, learn, and share—cause we’re in it together!
- Customer focused - Customers have come to expect bad service from utilities. We are here to change that
- Data driven - We care about results, not how long it took to get them. We know that understanding today’s data helps us make better decisions tomorrow
Funding (last 2 of 3 rounds)
Sep 2023
$7.9m
SERIES A
Dec 2022
$9.8m
SERIES A
Total funding: $22.3m
This company has top investors
Leadership
Matthias Martensen
(CEO)Former Engagement Manager at Olive Wyman.
Karl Villanueva
(CMO/CPO)Founded kidlat.io. Before that was Product Manager at Smartly.io and Global Head of Paid Search & Display for HelloFresh.