Rome-based Renewcast has raised €1 million in a SAFE investment from 2C Ventures Fund I to accelerate its international expansion. The deal extends its 2024 SAFE round and precedes a planned Series A in late 2026.
Founded in 2020, Renewcast develops AI-powered forecasting technology for renewable energy operators. Its platform models weather and asset conditions to generate high-precision forecasts across intra-day, day-ahead, and multi-day horizons. The company reports its tools deliver 20–40% greater accuracy than legacy systems, helping clients cut balancing costs by millions annually.
“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” ~ Fabio Nicolò, CEO and founder. He added that Renewcast aims to be among the top 5–10 renewable forecasters worldwide within two years.
Renewcast currently manages over 1.8 GW of renewable capacity across four commercial clients in Europe and the US, and more than 10 pilot programs. The company has grown 2.5x compared with 2024 and is preparing to expand into India and Asia.
“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” Nicolò stated.
Hendrik Reimand, founding partner at 2C Ventures, said: “Affordable renewable energy is the foundation of transitioning to a sustainable economic model and ensuring energy independence. We believe Renewcast has the ingredients to become a global leader in energy intelligence – technical depth, early traction, and a clear commercial roadmap.”
The SAFE round remains open for up to an additional €1 million.
