Cologne-based aedifion, a proptech startup that helps monitor, manage, and reduce energy usage in commercial environments, announced that it has raised €12M in an oversubscribed Series A round of funding.
The investment was led by Europe’s leading climate tech investor World Fund and BeyondBuild, with participation from the family office of SAP’s founding family Hopp.
Bauwens, Drees & Sommer and MOMENI Venture also participated, along with existing investors BitStone Capital and Phoenix Contact Innovation Ventures.
The company claims it will use the funds to improve its platform even further so that clients can save more money and tackle the rising expenses of commercial buildings’ energy usage.
Founded in 2017 as a spin-off from RWTH Aachen University, aedifion helps to operate buildings sustainably, efficiently, and transparently.
With the company’s AI-based cloud platform, energy consumption, CO2 emissions and operating costs of buildings can be reduced and their sustainability improved.
aedifion’s platform can also detect overspending and excessive energy use, such as heating empty rooms or locating places that need retrofitting or additional insulation.
It can also employ AI to monitor, manage and control heating, ventilation, and air conditioning (HVAC) systems in a predictive manner.
The company claims that its software enables users to save up to 40 percent on energy costs by pinpointing where and how to improve energy efficiency.
The company says the platform can also reduce carbon dioxide emissions by millions of tonnes yearly.
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