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Wattnow raised a multi-million dollar Series A round led by Lateral Frontiers and 216 Capital to enhance its smart energy management solutions.

Sep 04, 2024over 1 year ago

Round Type

series a

TunisEnergy ManagementRenewable EnergyEnergySoftware

Investors

Guillaume AmblardKarim BeguirOcterra CapitalSatganaOutlierz Ventures216 CapitalLateral Frontiers

Description

Tunisian startup Wattnow has successfully closed a multi-million dollar Series A funding round aimed at driving its growth in the smart energy management sector. The round features notable investors including Lateral Frontiers, 216 Capital, and Outlierz Ventures.

Company Information

Company

Wattnow

Location

Tunis, Tunis, Tunisia

About

Wattnow is a Tunisian startup founded in 2018 that provides IoT-based smart energy management solutions. It helps companies manage their energy usage through its hardware and software offerings. The platform enables real-time monitoring, control, and automation of energy loads, offering insights through machine learning. Wattnow serves a diverse range of industries including municipalities, automotive, telecommunications, banking, and more.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers