Berlin-based KUGU raised €8.5 million in a Series A financing round led by Tengelmann Ventures to advance decarbonisation in the real estate sector.
Amount Raised
€8.5 Million
Round Type
Series A
BerlinEnergyReal EstateRenewable EnergyInvestors
Description
KUGU has secured €8.5 million in a Series A financing round led by Tengelmann Ventures and Gewobag ID. The funding will be used to expand KUGU's digital solutions for optimizing energy systems in real estate and reducing CO₂ emissions.
Quick answer
KUGU raised €8.5 Million in a Series A round, dated November 12, 2024. Investors: Michael Lowak, Axel Müller, IBB Ventures, Future Energy Ventures, Wecken & Cie, Tengelmann Ventures and Gewobag ID. KUGU is based in Berlin, Berlin, Germany.
- How much did KUGU raise?
- KUGU raised €8.5 Million in a Series A round on November 12, 2024.
- Who invested in KUGU?
- Michael Lowak, Axel Müller, IBB Ventures, Future Energy Ventures, Wecken & Cie, Tengelmann Ventures and Gewobag ID are named as investors in this round.
- What does KUGU do?
- KUGU is a Berlin-based PropTech company established in 2018, focused on decarbonising the real estate sector.
- Where is KUGU based and how big is it?
- KUGU is based in Berlin, Berlin, Germany. Fundz records about 37 employees.
- Who are the decision-makers at KUGU?
- Fundz holds 3 contacts at KUGU. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Real Estate around the same time
Companies in the same sectors as KUGU that raised within 45 days of this round, from Fundz verified event records.
- Volter raised $3.2M (Pre-Seed) on November 28, 2024.
- Stratus Material raised $3M (Seed) on December 23, 2024.
- LanzaTech Global raised $20M (Grant) on December 20, 2024.
- 1KOMMA5° raised $155M on December 20, 2024.
- Eguana Technologies raised $31K (Pre-Seed) on December 20, 2024.
- Mojave Energy Systems raised $9.5M (Series A) on December 18, 2024.
Who to call at KUGU, and when
A new round usually means KUGU is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day KUGU raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at KUGU, from your own LinkedIn network
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