Lumenaza receives €6.5 million in Series B round

The start-up wants to use the money to drive its European expansion.

The Berlin-based start-up Lumenaza has received €6.5 million in its Series B financing round. The backers are new investors First Imagine! from London, a VC focused on technologies that drive the energy transition, and New Kraftwerk Technology, which is primarily funded by Tom Wolf's family office. Previous investors Future Energy Ventures from Essen and Berlin-based IBB Ventures also participated in the round.

Lumenaza sees itself as an energy-as-a-service provider, connecting consumers and producers of green energy for a decentralized power supply. For example, billing can be done via the platform. "I am convinced of Lumenaza's unique value proposition that enables green utilities to start, grow and develop their business," says new investor Wolf. "The company's scalable platform is exceptional. As the leader in Energy-as-a-Service, Lumenaza has a bright future ahead of it, and I'm proud to support the company on this exciting growth journey."

Now the start-up is focusing on other regions. Lumenaza has already had individual projects in Sweden, the UK and Spain. Spain has emerged as a priority growth market. "This additional funding will allow us to work with our existing customers and innovative utilities to implement new green energy solutions across Europe," says Christian Chudoba, CEO and founder of Lumenaza.