Enter, a Germany-based startup that analyzes home energy use, announced a €19.4M (~$21.3M) Series A led by Tiger Global.
"As
the shift to energy sovereignty accelerates in Europe, consumers
require tangible solutions to navigate the transition," said the general
partner and head of European Private Investments at Coatue, which
participated in the round.
- "Currently,
around 200,000 properties are renovated in Germany every year. But to
achieve our climate goals, it must be more than one million. Today's
certified energy efficiency consultants cannot achieve this goal in the
traditional way," said the startup's co-founder and managing director,
Justus Menten.
- The startup asks customers to complete an online
survey to generate energy reduction suggestions and handles renovation
subsidy applications.
- Other round participants included A/O Proptech, Foundamental, and Partech.
