Reonic raised €13 million in a Series A funding round led by Northzone to integrate renewable energy solutions into households and businesses.

Sep 05, 2024•over 1 year ago

Amount Raised

€13 Million

Round Type

series a

AugsburgSoftware

Investors

Puzzle VenturesPoint NineNorthzone

Description

Reonic, a climate tech SaaS startup, has raised €13 million in a Series A funding round to enhance its digital tools for renewable energy installers. This funding will support the company's expansion into neighboring European countries and increase its workforce.

Company Information

Company

Reonic

Location

Augsburg, Bavaria, Germany

About

Reonic is a climate tech SaaS startup based in Augsburg, Bavaria, that focuses on enabling the deployment of sustainable energy solutions across Europe. Founded in 2021, it empowers renewable installers to streamline their workflows and digitize their processes. The company supports over 200,000 installers across Europe and aims to drive the energy transition through innovative software solutions. Reonic has recently experienced significant growth, tripling its recurring revenue in six months.

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