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[Funding alert] Stuttgart-based Metergrid secures €2.7 million Seed Funding

Stuttgart-based Metergrid secures €2.7 million Seed Funding and has achieved an eight-figure company valuation. In addition to the Berlin venture capital company 468 Capital and the German professional soccer player Mario Götze (Eintracht Frankfurt), the investors also include the international VC Tiny Supercomputer Investment Company and the newly launched fund from Baden-Württemberg, Mätch VC.

Stuttgart-based Metergrid secures €2.7 million Seed Funding and has achieved an eight-figure company valuation. In addition to the Berlin venture capital company 468 Capital and the German professional soccer player Mario Götze (Eintracht Frankfurt), the investors also include the international VC Tiny Supercomputer Investment Company and the newly launched fund from Baden-Württemberg, Mätch VC.

Read also – Paris-based Rayon Secures €4 million in seed funding

The fresh capital will be used to strengthen the company’s growth, expand the product portfolio and make tenant electricity a no-brainer for everyone.
The vision: Clean, cheap and decentralized energy for 44 million Apartment building residents Every landlord in Germany can already have a solar system on the roof become an electricity generator and sell the energy generated to its tenants.

Read also – Hamburg-based Resourcify Secures €14 million Series A Round Funding

where metergrid comes in. The company offers a unique onboarding process in which, for example Communication with the authorities was carried out, a measurement concept was created and the suitable measurement technology is supplied.

Managing Director joined metergrid. “By 2028 we want to make it possible for six million Residents of apartment buildings are supplied with green and decentralized electricity,” says Johannes Mewes, co-managing director at metergrid, who already works with Freenow showed how to build a business with 128 million users. “Johannes and Julian are an outstanding founding team that not only… experience and vision, but also outstanding implementation skills owns. We are extremely proud that you have chosen us as a partner decided,” adds Bardo Droege from 468 Capital, who will be supported on the Advisory Board in the future.

Read also – AI Platform Machine Discovery Secures £4.5M in Funding

We will revolutionize the market throughout the entire value chain. The Investment from our new partners is a sign of trust in our vision and will help us to convince even more landlords to provide their tenants with green to supply electricity.

Read also – HR tech Startup Woba.io Secures €2.95M new Funding from PreSeed Ventures and Denmark’s export and investment fund, EIFO

About metergrid

metergrid was founded in Stuttgart in 2019 by Martin and Julian. They were actually dealing with the topic of blockchain for the financial sector. metergrid develops innovative SaaS products for specific problems of decentralized energy systems.

Read also – Paris-based KYC Solution, Ondorse, Secures €3.8M in Seed Funding

The first product successfully placed on the market included an automated cloud solution for the profitable realization, management & billing of tenant power projects and charging infrastructures. The objective of metergrid is to develop further technology-based products and services and thus to be a driving force for a sustainable energy industry.

Read also –  Sweden’s QA.tech Secures $1M Pre-seed Round Funding

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