Contrarian Ventures has invested in Delfos

Lithuanian fund Contrarian Ventures has invested in the Barcelona-based AI energy software startup Delfos. The company has raised €6.3 million in a seed round. In addition to Contrarian Ventures, American Headline, Brazilian DOMO.VC and Portugal EDP Ventures invested in the startup.

Delfos was founded in 2016 by Guilherme Pinheiro Studart and Samuel Lima. The startup has developed real-time virtual engineer software, which harnesses artificial intelligence and big data to provide owners and managers of renewable energy estates with automated performance and reliability workflow management. The company’s SaaS product identifies issues in networks ahead of any loss of power generation and can identify a component fault before it causes major downtime. 

The startup will use the funding to expand its European operations, including partnering with renewable energy asset owners, operations/maintenance providers, and utilities. Delfos intends to expand into the US in 2025.

Contrarian Ventures is a seed-stage venture company focused on investment in climate startups from Europe and Israel. The fund usually invests around €1,5M to €4M. Contrarian Ventures was established in Vilnius in 2017. Currently, it has offices in Berlin and London.