Sep 30, 2026
Nox Energy Raises $3M Seed Led by Rise Proptech
Belgium-based NOX Energy, software for linking home heat pumps to power markets, raised $3M Seed led by Rise PropTech. adding to the about $1 million in December 2024 it announced earlier.
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NOX Energy raises $3M in a seed from Rise PropTech.
The round was led by Rise PropTech, with participation from Volve Capital, Seeder Fund, Uneti Ventures, Fair Capital Impact Fund, 100in.
Founded in 2024 by Axelle Moortgat, Louis Clermont, and Martin Michaux, Belgium-based NOX Energy software for linking home heat pumps to power markets. CEO Axelle Moortgat leads the company.
NOX Energy will use the capital to expansion beyond Belgium and the Netherlands, building optimization into existing apps of manufacturers and suppliers. connected over 10,000 devices.
"{"quote_text"=>"Every time money moves between two banks, it runs over SWIFT. We want to be that for energy flexibility.", "quote_speaker"=>"Axelle Moortgat"}," said Axelle Moortgat, Louis Clermont,.
The round brings NOX Energy's total funding to close to €4 million.
| Company | NOX Energy |
|---|---|
| HQ | Belgium |
| Round | Seed |
| Amount | $3M |
| Lead investor | Rise PropTech |
| Investors | Volve Capital, Seeder Fund, Uneti Ventures, Fair Capital Impact Fund, 100in |
| Founders | Axelle Moortgat (CEO), Louis Clermont (COO), Martin Michaux |
| Sector | Energy |
| Source | Techfundingnews |