Reonic, an Augsburg, Germany-based climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, has secured €13 million in Series A funding.
Investors
The round was led by Northzone, with participation from Point Nine and Puzzle Ventures.
Northzone is a venture capital investment firm that invests from seed to growth stages across Europe and the United States. Founded in 1996, the firm focuses on companies operating in sectors such as healthcare, semiconductors, software, hardware, artificial intelligence, blockchain, and gaming.
Reonic Use of Funds
The company will use the funding to accelerate its European expansion, starting with France, and to support team growth.
About Reonic
Founded in Augsburg, Bavaria in 2021 by Tristan Menzinger and Lars-Manuel Schneider, Reonic provides solutions for the sales, planning, and operations of renewable technologies, such as solar energy, energy storage, electric vehicle charging, and heat pumps. The company offers software to help small and medium-sized renewable energy installers digitize processes and streamline workflows. Reonic’s software works as an operating system, supporting renewable installers end-to-end. With a primary focus on regional installers, Reonic serves over 200,000 European companies.
Funding Details
Company: Reonic GmbH
Raised: €13.0M
Round: Series A
Funding Date: September 2024
Lead Investor: Northzone
Additional Investors: Point Nine, Puzzle Ventures
Company Website: https://reonic.com/
Software Category: Energy Solutions
Source: https://www.eu-startups.com/2024/09/german-climate-tech-reonic-raises-e13-million-to-integrate-renewables-into-households-and-businesses/