Ecoplanet secures 3.5 million euros in financing round

Want to know how Ecoplanet is driving its growth? Discover how the company secured €3.5 million in its latest funding round and what this means for the future!

Munich-based Ecoplanet, a provider of SaaS solutions for energy management and procurement, has recently successfully secured a further €3.5 million in its latest funding round. The round was again led by HV Capital, an international venture capital fund. In the last nine months, the company has raised a total of 6 million euros, resulting in a significant increase in the company's value after a successful 2023.

Response to increased demand and regulatory pressure

The fresh funds will help to further consolidate Ecoplanet's position as a developer of innovative software for intelligent energy management. The increased demand for Ecoplanet's solutions is driven by both the ongoing economic uncertainty in the commercial sector and the introduction of the Energy Efficiency Act. The company plans to expand its sales and product team in order to serve the European market more comprehensively and further optimize its SaaS solutions.

Expansion of the customer base and positive response

Since HV Capital's first investment in March 2023(we reported), Ecoplanet has significantly expanded its customer base and now serves over 800 locations with a total final energy consumption of over 500 GWh per year. Customers such as Alloheim Seniorenresidenzen SE have positively evaluated the effectiveness of Ecoplanet's solutions in reducing their energy consumption.

Ecoplanet combines AI technology with available energy data to effectively reduce energy costs and emissions. The company offers an alternative to traditional methods such as Excel solutions by providing detailed visualizations and analysis of all energy data and making automated recommendations for action on a case-by-case basis.

Customer testimonials and future prospects

Andreas Mahler, Energy Manager at DUROtherm GmbH, emphasizes the importance of energy management for his company to stabilize costs and reduce CO2 emissions. With the ecoplanet Cockpit and the introduction of artificial intelligence in January 2024, the company offers solutions for energy-related issues on a data-driven basis. The AI called Ember improves the control of energy consumers, optimizes energy consumption and supports a demand-oriented energy procurement strategy that meets the needs of contemporary companies.