Metergrid closes financing round

The start-up from Stuttgart has received a six-figure sum. Among other things, it intends to use the money to further develop its software.

The Stuttgart-based start-up Metergrid has completed its second round of financing and raised a high six-figure sum. The young company is not disclosing the exact amount. The investors in this round include Stuttgart-based venture capitalist Studio Partners in Clime with business angel Jens Schmelzle, investor Morten Jesko Klumb and Ulrich Stuke, founder of digital property management company Facilioo. In its first round, the start-up has already received an investment of 200,000 euros from the BW Pre-Seed program of the state of Baden-Württemberg.

Metergrid was founded in 2020 by Martin Lowinski and Julian Schulz. In the first year, they did without external financing. With their start-up, they want to make tenant electricity, i.e. electricity that is produced decentrally in the immediate vicinity of apartments, scalable. They are working on a SaaS platform for this purpose. The first product is an automated cloud solution for the implementation and subsequent management of tenant electricity projects. The start-up intends to use the money it has now raised to further develop its software and expand its partner network, among other things.

"We want to make it as easy as possible for owners of multi-party buildings to market renewable electricity locally and thus fight climate change," says Martin Lowinski. "This investment enables us to bring tenant electricity further into the mainstream with affordable and uncomplicated solutions."