belgian

Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline. Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe, the U.S. and Australia, including British Gas’ parent Centrica, Shell Energy, and Atlanta, Georgia-based Gas South. Throw into the mix geopolitical factors such as the Russia-Ukraine conflict, ever-evolving regulations, increasingly distributed energy sources across fossil and renewables, and the increasing use of connected technology, and we now have fertile ground for data-focused energy startups to flourish. “No one knows what the energy sector will look like 10 years from now,” Gorilla’s co-founder and CEO, Ruben Van den Bossche, said in a statement. Other participants in the round include the startup’s existing investors Beringea and Belgian private equity firm, PMV.