Aedifion secures twelve million euros

The Cologne-based proptech wants to use the capital to further expand its own product for climate-friendly building regulation - and thus become the European market leader.

The Cologne-based proptech Aedifion closes its Series A financing round with twelve million euros. The lead investors are the World Fund from Berlin, which specializes in climate tech, and the technology and investment platform Beyonbuild with the participation of the family office of the SAP founding family Hopp. The existing investors Bitstone Capital and Phoenix Contact Innovation Ventures are investing again in this round.

Aedifion intends to use the fresh capital to expand its own product range. The Cologne-based company is aiming to become the European market leader in sustainable building technology. The vision: buildings as virtual power plants that are part of a smart grid. To this end, the start-up has developed an artificial intelligence that, among other things, controls heating systems with foresight. The start-up believes that if many properties are networked in this way, it will not only save money and emissions, but also help to ensure the stability of the electricity grid as a whole. Customers could also use their own cloud platform to better regulate their building technology. The start-up puts the potential savings from this technology at ten million tons of CO2 per year.

Felix Dorner, Johannes Fütterer, Jan Henrik Ziegeldorf and Erik Brümmendorf founded Aedifion in 2017. The idea originated at a leading research institute for building technology at RWTH Aachen University.