triPica raises EUR 12.4m to modernise billing for Europe's energy suppliers
The Paris company sells a cloud platform that handles customer records, subscriptions, billing, payments and service for energy suppliers and telecom operators. New investor TiLT Capital Partners, the energy transition arm of Siparex, wants it to become a European reference.
triPica, a Paris-based provider of a cloud CRM and billing platform for energy suppliers and telecom operators, has raised EUR 12.4m from TiLT Capital Partners, EU-Startups reported on 10 November 2026.
The company plans to use the money to grow in Germany and Italy alongside France, to keep investing in its telecom business, to add AI to its customers' billing and service work and to double its team, according to EU-Startups and Tech Funding News.
A billing bottleneck in the energy transition
triPica was founded in 2016 by Mathieu Horn, Walid Bounar and Christophe Ruzé. Its platform covers the full customer lifecycle in one cloud system, from the product catalogue and subscription to billing, payment and customer service.
The company's argument is that energy suppliers now need to sell a growing range of products, from dynamic tariffs and solar self-consumption offers to EV charging and demand flexibility programmes. Many still run customer and billing systems designed for a world of single regulated tariffs, where every new offer takes months of IT work. triPica says operators on its platform can bring new offers to market in weeks rather than months.
"Every new energy offer, a dynamic tariff, a self-consumption contract, an EV charging plan, eventually becomes a billing problem," said Horn, co-founder and CEO. "Suppliers have no shortage of ideas. What slows them down is a customer and billing system built for a market that no longer exists."
Telecom roots
triPica describes its dual footprint as its edge. Energy is moving towards models that telecom operators have used for years, such as billing on actual consumption, usage-based pricing, bundled services and frequent launches. In telecoms, the platform supports operators launching digital brands, convergent bundles or usage-based plans.
The company serves energy suppliers in France, Germany and Italy, including Primeo Energie and Gaz Européen, and telecom operators in Europe, the Americas and Asia, including Bouygues Telecom, Digicel and CelcomDigi, according to EU-Startups. Because many customers came from legacy systems, triPica says it has developed a way to migrate customer bases, contracts and billing history without disrupting operations.
The investor
TiLT Capital Partners was founded by Nathanaël Krivine, Nicolas Lepareur and Nicolas Piau. Since 2021 it has been the energy transition platform of Siparex, a French independent private equity group with EUR 4.5bn in assets under management. EU-Startups reports that TiLT manages a EUR 340m fund with a team of ten investors and supports 11 European SMEs.
"The energy transition will not be won on generation assets alone," said Lepareur, co-founder and managing partner of TiLT. He said it also depends on suppliers being able to offer the tariffs and services that make flexibility, self-consumption and electric mobility worth adopting, and that triPica's ten years in production with energy and telecom operators convinced TiLT it can become the European reference in the field.
Use of funds
Horn told Tech Funding News that the priorities are product development, including integrating AI, sales and marketing focused on Italy, Germany, France and telecoms, and building a partner ecosystem. triPica has already built an MCP server that lets external AI agents connect to its platform, according to Tech Funding News. The round was also covered by Planet Fintech and TelecomTV.
What it means for European founders and investors
Much climate tech funding goes to hardware: batteries, heat pumps, grids and generation. triPica is a reminder that the software layer between energy and the customer can be just as much of a bottleneck. If suppliers cannot bill a dynamic tariff or a flexibility programme, those products do not reach households, however good the hardware.
The round also shows a different kind of capital for B2B software. Instead of a venture fund, the money comes from an energy transition private equity platform that backs high-growth SMEs. For founders with a proven product and paying customers in regulated industries, growth equity from specialist funds can be an alternative to a classic Series B.
European investors have been backing the software and services that make flexible energy work. Recent examples include Green Voltis for AI battery trading and Elax Energie for smart water heaters. For billing and CRM founders, Germany and Italy, where triPica is now expanding, are likely to see more competition for suppliers' IT budgets.
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