Solarize, a Germany-based startup that provides solutions for the energy transition, raised €4.3 million in seed funding.
The round was led by new investor Point Nine (which backed Gourmey), with participation from existing investors, including Picus Capital.
Solarize will use the funds to develop its microgrid operating system further. The company will also use these funds to drive its expansion into international markets, with a focus on the Western markets, and to grow its meter-to-cash SaaS platform.
The SaaS solution combined with smart metering allows billing and comprehensive plant monitoring. The collected data can quickly take remedial action through error messages in the event of plant or meter failure.
“We are advancing decentralization in the energy sector on a daily basis and are working with our software solution to create a world in which onsite power generation becomes the new normal,” said Frederik Pfisterer, founder and CEO of Solarize. He has previously helped to build one of the most successful SaaS companies with Mambu.com – one of Germany’s unicorns.
Solarize is currently implementing more than 30 projects across Germany.
The company is mission-driven and motivated with a goal to produce electricity locally in all commercial areas by 2030 – supported by the microgrid operation system.
Company: Solarize Energy Solutions GmbH
Raised: €4.3.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Point Nine
Additional Investors: Picus Capital
Company Website: https://www.solarize.de/
Software Category: meter-to-cash SaaS platform
About the Company: Founded by Andi Weiß, Florian Feigenbutz, and Frederik Pfisterer in 2020, Solarize is a SaaS for energy production, distribution, and billing for commercial microgrids. With Solarize’s services, real estate owners get involved in electricity production and transmission while upgrading their properties according to ESG criteria and realizing attractive returns. With Solarize, locally produced electricity can be delivered directly to any number of tenants in business parks and is accounted for and billed in an audit-proof manner. The Solarize team has tripled in size during 2022. The microgrid operating system makes the dream of many business owners come true by providing cheap energy from the roof instead of expensive power from the grid. Its mission is to make onsite energy production the new normal within this decade.
Source: https://techfundingnews.com/solarize-picks-up-e4-3m-to-expand-its-meter-to-cash-saas-platform/