Recognizing its contributions to sustainability and smart cities, electricity grid software startup Plexigrid won the EmprendeXXI award in the “Ciudad XXI” category. Plexigrid was recognized by a panel of more than 100 judges. The award presented on June 10th during the South Summit 2022 event includes a cash prize, world-class capacity-building opportunities, and access to investors.
“Electricity grids, the backbone of the energy system, are quickly becoming the largest bottleneck as the world transitions to sustainable energy. The software we developed, essentially from scratch, helps grids overcome this challenge and become more efficient and sustainable,” said co-founder and CEO Alberto Méndez.
“We are honored to have been awarded the EmprendeXXI award, which recognizes the importance of our technology for global sustainability efforts,” he added.
The EmprendeXXI awards recognize startup companies that provide sustainable, safe and intelligent solutions. The award is sponsored by CaixaBank and the Ministry of Industry, Commerce, and Tourism of Spain through the European Union Agency for Cybersecurity. The award includes a EUR25,000 prize, access to specialized international support from the ESADE university and experts from Silicon Valley in Munich, Germany, and the opportunity to participate in the EmprendeXXI Investors Day.
Since its founding, Plexigrid has achieved a series of rapid successes, including multiple awards and a successful USD2 million fundraising round led by TheVentureCity, a global early-stage venture capital fund headquartered in Miami. Plexigrid is now planning the next steps in its growth strategy, which includes another EUR10-million round of financing to further strengthen its technology and expand internationally.