Skye is a Stockholm-based energy-technology company focused on reducing electricity expenditure for energy-intensive industrial customers across Europe. Its software dynamically controls and shifts factory power consumption, enabling clients with thin margins to improve profitability while lowering energy bills by 30-50%. Since launching, Skye has achieved 3× revenue growth in just three months, underscoring rapid early traction. The company positions itself as a category-defining solution for demand-side energy optimisation, delivering cost savings that can triple an industrial plant’s profitability. Skye’s team includes Tor Espen Steinvik, Linus Frosteryd, Andreas Lundgren, Caroline Vernet and Matteo Varisco, who are collectively driving quick product iterations and market expansion. The recent seed financing provides capital to accelerate rollout across additional European industrial sites and further develop its intelligent control technology.

Total raised

$11M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2025