Etalytics receives funding from the state of Hesse and Xantaro
Etalytics develops software to enable companies to save CO2 emissions and energy costs. The start-up received money for this in a pre-seed round.
Darmstadt-based Etalytics has closed a pre-seed financing round. The state of Hesse has invested in the software start-up through its venture capital company, BMH Beteiligungs-Managementgesellschaft Hessen. Also investing was Xantaro, a group of companies.
Niklas Panten, Thomas Weber and Björn Scheurich founded Etalytics in 2020 from the Technical University of Darmstadt. Previously, they collaborated on several research projects focused on limiting energy waste in industry. Etalytics has developed a platform to help companies model, visualize, analyze and optimize their energy assets and systems. The goal is to save CO2 emissions and energy costs. According to the startup, users include data centers, manufacturing plants, cities, building complexes and utilities.
Etalytics plans to use the funding from the financing round to expand its team. "We are pleased to be able to further scale our solutions through the growth funding from BMH and Xantaro and intensify our contribution against climate change," said Etalytics co-founder and CEO Niklas Panten.
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Startup
2020
Darmstadt
etalytics
Developing software solutions for the structuring and analysis of energy and process data in order to reduce energy costs and CO2 emissions in companies.
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