2C Ventures invests in Renewcasts' €1M SAFE round
Renewcast, the AI-powered renewable energy forecasting company, has secured a €1 million SAFE (Simple Agreement for Future Equity) investment from 2C Ventures, marking a strategic extension of its 2024 SAFE round. This new funding will accelerate Renewcast's global commercial rollout and reinforce its position among the world's top renewable forecasting technology providers.
"This new investment is a vote of confidence in our long-term vision. Our team is growing, our commercial engine is ramping up, and our technology has proven it can deliver measurable value," said Fabio Nicolò, CEO and Founder of Renewcast. "We aim to be among the top 5–10 renewable forecasters globally within the next one to two years. With this funding, we will consolidate our tech team, scale our commercial efforts across Europe, the US, Latin America, and Asia, and prepare the company for institutional growth."
The SAFE round remains open for additional investors up to €1 million, offering a unique opportunity to join Renewcast at a moment of accelerating growth, strong product validation, and market demand.
Renewcast's platform, powered by proprietary AI and real-time data modeling, delivers best-in-class forecasting performance. Across client portfolios, Renewcast has consistently outperformed legacy systems, delivering 20–40% improved accuracy and generating millions in annual value through reduced balancing costs.
"Affordable renewable energy is the foundation of transitioning to a sustainable economic model and ensuring energy independence. However, the rapidly increasing volumes and accelerating electrification of the economy make accurate forecasting ever more critical. We believe that Renewcast has the ingredients to become a global leader in energy intelligence – technical depth, early traction, and a clear commercial roadmap," said Hendrik Reimand, Founding Partner at 2C Ventures.