Climate tech start-up Reonic raises 13 million euros in Series A round

The Augsburg-based company plans to use the fresh capital to further develop its software for renewable energy installers and expand into other European markets.

Augsburg/Berlin, September 05, 2024 - Reonic, a German software startup in the climate tech sector, has raised 13 million euros in its Series A financing round. The round was led by Northzone, with participation from existing investors Point Nine and Puzzle Ventures. Reonic will use the fresh capital to drive its expansion in Europe, hire new employees and support installers in the integration of renewable energy.

Reonic is at the forefront of the energy transition, providing a solution that simplifies the integration of renewable technologies. We are proud to support the team and look forward to the journey together.

Markus Gleim, Principal at Northzone

Business model

Reonic provides a planning and workflow software for installers looking to integrate renewable technologies into homes and businesses. The solution facilitates the digitalization of business processes and increases efficiency in the installation and maintenance of renewable energy solutions.

Renewable technologies are one of the fastest growing markets in Europe, but installers often lack digital tools. Our goal is to make these professionals competitive and support their growth.

Lars-Manuel Schneider, co-founder of Reonic

Foundation and success

The start-up was founded in Augsburg in 2021 by Tristan Menzinger, Lars-Manuel Schneider and Udo Sill. The founders, who met while studying industrial engineering, developed Reonic to help medium-sized installers cope with the growing complexity in the industry. The company has achieved impressive success since its inception, including a tripling of turnover in the last six months.

Future plans

With the new capital, Reonic plans to further expand its presence in Europe, starting with France. The company is also looking to expand its offering to include procurement, payment and financing services to better support installers.