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

PRIVATESep 05, 2024

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.

Quick answer

Reonic raised €13 Million in a Series A round, dated September 5, 2024. Investors: Puzzle Ventures, Point Nine and Northzone. Reonic is based in Augsburg, Bavaria, Germany.

How much did Reonic raise?
Reonic raised €13 Million in a Series A round on September 5, 2024.
Who invested in Reonic?
Puzzle Ventures, Point Nine and Northzone are named as investors in this round.
What does Reonic do?
Reonic is a climate tech SaaS startup based in Augsburg, Bavaria, that focuses on enabling the deployment of sustainable energy solutions across Europe.
Where is Reonic based and how big is it?
Reonic is based in Augsburg, Bavaria, Germany.
Who are the decision-makers at Reonic?
Fundz holds 2 contacts at Reonic. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Software around the same time

Companies in the same sectors as Reonic that raised within 45 days of this round, from Fundz verified event records.

  • Mentora raised $300K (Pre-Seed) on October 19, 2024.
  • Wyvern raised $6M (Corporate Round) on October 18, 2024.
  • Cambri raised $8M (Funding Round) on October 18, 2024.
  • E2B raised $12M (Seed) on October 18, 2024.
  • Zodot raised $500K (Seed) on October 18, 2024.
  • MyFO raised $3.5M (Seed) on October 18, 2024.

Who to call at Reonic, and when

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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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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Reonic raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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