SPiNE secures €3 million to scale digital energy infrastructure
SPiNE develops key digital technology to integrate and control decentralized energy systems
Munich, 16 April 2026. SPiNE GmbH, a Munich-based clean energy tech startup developing a core component of the digital infrastructure for the energy transition, has secured €3 million in growth capital in its second financing round. The round is led by BayBG Venture Capital and the Smart Energy Innovations Fund of Energie 360°, together with existing investors Verbund X Ventures, Bayern Kapital, Scrape Ventures GmbH, and Superangels. The funds will primarily be used to further expand the SPiNE platform, scale the business, and strategically grow the sales and customer service teams.
The energy transition, alongside the expansion of renewable energy, is leading to a significant increase in system complexity. Millions of decentralized energy assets will need to be controlled in real time and interconnected in the future. Despite billions in investment, there is still a lack of a comprehensive digital infrastructure that securely integrates all relevant stakeholders and enables stable and efficient control. This is precisely where SPiNE comes in, laying the foundation for a connected and scalable energy system.
The digital infrastructure for a decentralized energy world
SPiNE’s vision is to provide a “cybersecure backbone for clean energy” – in other words, the central digital infrastructure for a decentralized energy world. Its open, vendor-agnostic platform enables the intelligent interconnection of utilities, installers, grid and metering point operators, OEMs, and HEMS systems. At the same time, it processes energy data in real time and enables secure, grid-compliant control. This allows companies to develop new energy products, optimize costs, and efficiently meet regulatory requirements as part of the smart meter rollout.
According to recent studies, there will be at least 28 million mandatory smart meter gateway installations in Germany by 2032. Around 16 million of these will require active control via the smart meter infrastructure. SPiNE addresses this need with its application platform, which enables grid-supportive control, flexibility optimization, and real-time energy data processing.
With its network management system, SPiNE also offers a central solution for monitoring and managing smart meter gateways and other devices. In this way, the company supports metering point operators in implementing the rollout in a controlled, secure, and scalable manner.
Germany serves as the initial market, with plans to expand into other European countries in the future.
Investor statements
Alexander Ullmann, Senior Investment Manager at BayBG Venture Capital, emphasizes: “SPiNE is a technological pioneer in the field of smart grids and makes an important contribution to the sustainable success of the energy transition. The company not only creates innovative solutions for an intelligent power system, but also builds long-term skilled jobs in Bavaria. In doing so, SPiNE strengthens Bavaria as an innovation hub and supports the development of a world-leading energy system.”
Ruth Happersberger, Managing Director of Energie 360°, explains: “SPiNE operates in one of the most exciting growth markets of the energy transition with a solution that is already market-ready. The solution is already being used by municipal utilities, installers, HEMS providers, and equipment manufacturers, giving it a clear competitive advantage. Especially in the context of the smart meter rollout and the growing number of decentralized energy assets, we see significant potential here.”
With this financing round, SPiNE is consistently advancing its growth strategy and plans to connect more than 20,000 households to its platform by 2027. The company is thus positioning itself as a key enabler of the digital transformation of the energy industry in Germany and Europe.
About BayBG Venture Capital
For more than 25 years, BayBG Venture Capital has been supporting innovative technology startups in Bavaria on their growth journey. During this period, the firm has invested €200 million in more than 80 companies. BayBG Venture Capital operates with an evergreen structure, enabling it to offer founder-friendly institutional Venture Capital and Venture Debt without the constraints of traditional fund structures. Depending on the stage of the company, initial investments typically range from €1 million (late seed) to €5 million (Series A/B).
For more information, please visit: www.baybg-vc.de