Yellow&Blue Investment Management, a Netherlands-based clean energy corporate venturing unit on behalf of the local Nuon utility, has co-led the series A round for Entelios. High-Tech Gründerfonds, a Germany-based venture capital firm backed by the local government and companies, was the other co-lead investor in Entelios. Germany-based Entelios started last year as the first nationwide demand response aggregator of clean energy for the power grid. Grid operators and utilities pay Entelios for providing demand response capacity (MW under Management) by managing the consumption patterns of industrial and commercial customers, similar to EnerNOC and Comverge in the US. Albert Fischer, managing director of Yellow&Blue, and Holger Heinen, investment director of High-Tech Gründerfonds, in a joint statement said: "The team has developed an impressive solution that can synchronize industrial and commercial power consumption making it into a marketable product for utilities and power exchanges." Oliver Stahl, Thomas Schulz, and Stephan Lindner founded Entelios.

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