Conviction News can reveal that Pratexo has closed an $8 million seed funding round, following a first tranche of $3.5 million announced in June 2021. Pratexo has now raised a total of $8 million seed funding, according to Blaine Mathieu, CEO in follow-up correspondence to a Q&A with Conviction. Update: This report has been updated with Pratexo’s Q&A with Conviction followed by a full feature on the $8 million seed round.

Pratexo is one of three digital innovators to win the ABB Electrification Startup Challenge for solutions that save energy, lower emissions and increase climate resilience, and in a Q&A with Conviction Blaine Mathieu, CEO explained the proof-of-concept that won ABB’s Distribution Solutions category.

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