Exnaton Raises Series A Round To Accelerate Europe’s Smart Energy Transformation

Founded by Liliane Ableitner, Arne Meeuw, and Anselma Wörner, Exnaton draws on research from ETH Zürich, the University of St. Gallen and TUM, combining academic innovation with industry expertise to help utilities build a cleaner, smarter energy grid.

As the energy landscape grows increasingly decentralised and complex, Exnaton enables utilities to transform regulatory shifts, customer expectations, and digitalisation into growth opportunities without major IT overhauls.

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Its modular white-label SaaS platform lets utilities quickly launch sustainable energy solutions such as dynamic tariffs, energy sharing models, and smart EV charging, seamlessly integrating with existing ERP systems. Powered by AI, the platform automates billing, energy data analysis, and customer engagement, helping utilities cut costs, boost efficiency and improve the user experience.

“AI is transforming the way we manage energy,” says Anselma Wörner, co-founder and COO of exnaton.

“With this funding, we will accelerate our go-to-market strategy, enhance our customer-facing operations, and make our software even smarter from fine‑grained personalised billing to intelligent management of decentralised flexibilities.

Our goal is to build user‑friendly products that make investing in renewables so compelling that everyone participates and helps drive the transformation our society urgently needs.”

Today, more than 50 utilities across Europe rely on Exnaton’s technology to deliver flexibility, transparency, and innovation in the evolving energy system. Clients include TotalEnergies in Belgium, eprimo and Bayernwerk (E.ON brands) in Germany, and Burgenland Energie in Austria together advancing the digital transformation of Europe’s energy landscape.

The Series A round was co-led by 4impact Capital and Elevator Ventures, with continued support from existing investors True Ventures and Übermorgen Ventures.

“exnaton’s platform is a key enabler of the digital energy transition. By combining deep research expertise with strong execution, the team has built technology that empowers utilities to innovate faster, operate more efficiently, and accelerate decarbonisation,” says Yasmin Venema, Principal at 4impact capital.

According to Magdalena Chalas, Investment Manager at Elevator Ventures: “At Elevator Ventures, we recognise the role of energy communities and prosumers as a key trend shaping the future of the energy sector.

We are glad to back a talented team through our investment in exnaton, that will drive innovation in flexible billing solutions for decentralised energy ecosystems."

The fresh funding will fuel Exnaton’s international expansion and enhance its intelligence platform with advanced AI-driven capabilities.

About Exnaton

Founded in 2020, Exnaton empowers utilities to quickly launch smart, data-driven energy products through its AI-powered billing and user experience software. Its modular platform enables seamless integration with existing systems, helping energy providers enhance efficiency, transparency and customer engagement in the transition toward a more sustainable, digital energy future.