Etalytics receives funding from the state of Hesse and Xantaro
Sophie Deistler
| 19.12.2022
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.
Newsletter
Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.
LinkedIn ConnectTake care, give care
Did this news inform or entertain you? Then we would be happy if you tell your network about it.
Share on Linkedin Share on Facebook Share on XingRelated companies
Startup
2020
Darmstadt
Investor
2016
Wiesbaden
FYI: English edition available
Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?
FYI: Deutsche Edition verfügbar
Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?
