Seaya Ventures, a European venture capital fund specialized in early-stage investments, has led a €3 million funding round in eSave, a leading company in sales process automation and offer optimization for businesses in the energy sector. The round also included participation from Suma Capital through its SC Venture strategy, which promotes innovation and sustainability by supporting high-growth companies developing pioneering technologies for decarbonization in key sectors such as energy.
In a historically rigid and under-digitalized sector, eSave combines Artificial Intelligence, Computer Vision, and advanced OCR capabilities to automate complex tasks such as invoice reading, data validation, and service contracting. Its solution enables energy retailers to enhance operational efficiency, accelerate sales cycles, and compete in a market increasingly shaped by liberalization and the emergence of new players.
eSave has secured over 50 clients across Spain and other European countries, including some of the continent’s largest energy retailers. Its SaaS model has demonstrated significant traction and offers promising opportunities for expansion into adjacent sectors that also manage energy-related data, such as telecommunications.
This new investment will allow eSave to accelerate its international expansion, with a particular focus on Germany, the United Kingdom, Italy, and Portugal, where operations are already underway. The company will also explore integrations with third parties—such as banks, real estate companies, and comparison platforms—to fully leverage its energy data analytics algorithms and broaden its value proposition.
According to Pablo Manzano, CEO and co-founder of eSave, “Having Seaya’s support and reinforcing Suma Capital’s commitment through this round provides a critical boost to our ambitions. Their experience and strategic insight will help us accelerate product development, expand our international footprint, and solidify our leadership in the digital transformation of the energy sector.”
Aristotelis Xenofontos, Partner at Seaya Ventures, stated: “eSave’s proposition directly addresses a tangible need in a market facing significant operational challenges and limited digitalization. Their ability to transform critical processes through large-scale data processing and artificial intelligence positions them to lead the sector’s transformation at the European level.”
Josep Miquel Torregrosa, Partner at Suma Capital, added: “We have supported eSave since our initial investment in 2023, during which the company doubled its recurring revenue. We are proud to continue supporting this next stage in partnership with Seaya Ventures. eSave’s cutting-edge solutions are reaching an expanding client base, delivering efficiency and sustainability to the sector. With this new investment, we reaffirm our confidence in the team and in their potential to continue growing and making a tangible contribution to cleaner energy and more responsible resource use.”
The collaboration between Seaya Ventures and Suma Capital will enable eSave to advance its international growth, enhance its product offering, and explore new sector integrations. Both firms bring complementary expertise in technology, scalability, and sustainability—critical to this new phase of development.
eSave automates and digitizes sales processes in the energy and telecommunications sectors. It leverages technologies such as Optical Character Recognition (OCR) and Artificial Intelligence (AI) to extract and analyze invoice data, enabling the instant and accurate generation of personalized savings offers. The company will allocate this investment to strengthen its presence in existing markets, expand into new countries, and develop solutions targeting adjacent market segments.