Etalytics receives funding from the state of Hesse and Xantaro

Etalytics develops software that enables companies to reduce CO2 emissions and energy costs. The start-up received money for this in a pre-seed round.

The Darmstadt-based company Etalytics has completed a pre-seed financing round. The state of Hesse has invested in the software start-up via its venture capital company, BMH Beteiligungs-Managementgesellschaft Hessen. Xantaro, a group of companies, has also invested.

Niklas Panten, Thomas Weber and Björn Scheurich founded Etalytics in 2020 out of the Technical University of Darmstadt. They previously worked on several research projects that focused on limiting energy waste in industry. Etalytics has developed a platform designed to help companies model, visualize, analyze and optimize their energy plants and systems. The aim is to reduce CO2 emissions and energy costs. According to the start-up, users include data centers, production facilities, cities, building complexes and energy suppliers.

Etalytics intends to use the funds from the financing round to expand its team. "We are delighted to be able to further scale our solutions with the growth financing from BMH and Xantaro and intensify our contribution to combating climate change," says Etalytics co-founder and CEO Niklas Panten.