Andrei Ilas - NRGI.ai - Fortech Investments

Short description

NRGI.ai is an AI -based platform that forecasts energy prices and helps SMEs cut down on electricity costs. It also works as a marketplace that connects electrical energy and natural gas distributors with customers.

CEO

Andrei Ilas – As an energy analyst with background in finance, renewable energy, statistics and business development, Andrei has worked for The World Bank and the International Renewable Energy Agency (IRENA). Now he is focusing his time and attention and NRGI.ai which is also a TechStars alumni.

About the Deal

“We invested in NRGI.ai because of this combination that any investor wants in their portfolio – a highly skilled team with a great vision and a product that solves a burning problem at a very decisive time. This is why we offered the tech-for-equity option – to allow them to launch faster than they would normally and to help their customers save on costs, especially as we’re going through a global energy crisis.”

Details

Industry: Energy
Milestone: We contributed with 150.000 (25.000 cash) to a total Pre-Seed round of 270.000
Location: Dublin
Website: nrgi.ai