Business
Estonian Grid Software Maker Gridraven Raises €4M, Opens US Operations
Gridraven, a Tallinn-based developer of transmission line capacity forecasting software, closed a €4M seed round from German fund 42CAP and Finnish investor Icebreaker.vc. The company registered a US subsidiary and CEO Georg Rute relocates to Austin, Texas. The round brings total capital raised to €5.5M. Gridraven secured a