Italian Renewcast secures €1M investment from 2C Ventures to expand renewable energy forecasting platform
Renewcast, an Italian AI-powered renewable energy forecasting company, has secured a €1 million SAFE (Simple Agreement for Future Equity) investment from Estonian 2C Ventures Fund I, marking a strategic extension of its 2024 SAFE round. This funding will boost Renewcast’s global rollout and strengthen its position as a leading renewable forecasting provider.
About Renewcast
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Renewcast is an Italian company, founded in 2020, develops AI-driven forecasting solutions for renewable energy.
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Using digital twin technology, the platform models weather and asset conditions to provide intra-day, day-ahead, and multi-day forecasts, supporting operational and trading decisions.
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Its clients include utilities, grid operators, and renewable asset managers in Europe and the US.
“Affordable renewable energy is the foundation of transitioning to a sustainable economic model and ensuring energy independence. However, the rapidly increasing volumes and accelerating electrification of the economy make accurate forecasting ever more critical. We believe that Renewcast has the ingredients to become a global leader in energy intelligence – technical depth, early traction, and a clear commercial roadmap,” said Hendrik Reimand, Founding Partner at 2C Ventures.
Investment details
- The round was backed by 2C Ventures Fund I, an Estonian cleantech venture capital fund established in 2023 with a mission to help the world tackle climate change. 2C Ventures supports innovative cleantech companies in the Nordics and Baltics, helping to accelerate new business models and technological innovation.
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2C Ventures portfolio include companies like Jälle Technologies, Esgrid, TheStorage, GaltTec OÜ and ÄIO.
This new funding will accelerate Renewcast’s global commercial rollout and reinforce its position among the world’s top renewable forecasting technology providers.
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https://en.ain.ua/2025/09/09/renewcast-secures-eur1m/