FinTechFunding

EODev: Raises €20M in Funding

  • EODev (Energy Observer Developments), a Saint-Malo, France-based hydrogen tech company, closed a €20m first round of funding
  • Backers included the Accor Group, Thélem Assurances, and the Monnoyeur Group
  • Then the company intends to use the funds to accelerate the industrialization and commercialization of its solutions developed around the latest hydrogen technologies
  • Thanks to a seed round mid-2019, EODev was able to set up its operational structure, to sign its first strategic agreements and contracts
  • EODev is a subsidiary of the Energy Observer Group
  • The company also offers energy mix optimization services with its Energy Consulting Department: Energy Designer
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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