European AI Startups Draw Fresh Capital in Energy and Secondhand Fashion

Haure, the firm's chief executive and co-founder, told EU-Startups that price volatility, evolving regulation and rising market complexity make the coordination of distributed assets increasingly necessary to strengthen the efficiency, stability and competitiveness of the electricity system. He added that the funding would allow the company to consolidate its offering and support more renewable producers during its next growth phase.

Fleek Secures $25 Million to Digitise Secondhand Fashion

Separately, Fleek, a UK-based startup building AI infrastructure for the secondhand clothing sector, has raised $25 million in a Series B round, Tech.eu reported. The investment was led by Burda Principal Investments, with participation from eBay, FJ Labs, H14 and existing backers including Andreessen Horowitz, HV Capital and Y Combinator.

Established in 2021 by Abhi Arora and Sanket Agarwal, Fleek runs a business-to-business marketplace linking wholesale secondhand clothing suppliers with retailers and resellers internationally. The company aims to modernise a supply chain that, according to Tech.eu, still depends heavily on manual sorting, grading and trading despite rising global demand for resale goods.

Fleek has developed a proprietary AI model, Fleek Sort, which identifies, categorises and grades garments from images and videos, allowing inventory to be processed digitally before listing. Additional AI tools handle pricing, search, recommendation and matching to connect suppliers with buyers, with marketplace activity refining these systems over time. Tech.eu reported that the platform connects more than 2,000 wholesale suppliers.

A Broader Signal

While the two companies operate in distinct sectors, both illustrate how European founders are embedding AI into legacy industries. The rounds reflect ongoing capital flows toward technologies tied to energy efficiency and circular supply chains, areas of growing significance across European and neighbouring markets.