Smart Energy Fund powered by Lietuvos Energija, managed by Contrarian Ventures, and FuseBox OÜ an independent demand response aggregator in Baltics have closed a pre-seed round. The Estonian start-up received a EUR 50,000 investment. It is expected that the platform which is currently being developed by the start-up will enable electricity consumers to become active market participants contributing to the network balancing process. It is also expected to help ensure competitive electricity prices at peak use times. Having attracted pre-seed…
