Funding

[Funding alert] London-based Metris Energy Secures €2.3 Million in Pre-Seed Funding

Jan 24, 2024 | By Startup Rise EU

London-based Metris Energy secures €2.3 million in pre-seed funding. Octopus Ventures and Aenu VC led this round, which seeks to alter how property owners evaluate, install, and profit from solar energy in their holdings.
 Metris co-founders William Whatley(left) and Natasha Jones(right)

London-based Metris Energy secures €2.3 million in pre-seed funding. Octopus Ventures and Aenu VC led this round, which seeks to alter how property owners evaluate, install, and profit from solar energy in their holdings.

Metris is the first "solar economy" platform driven by AI, designed to assist owners of commercial real estate in overcome this obstacle and benefitting from greater utilisation of solar energy, enhanced energy resilience, and tighter energy security.

Reda also - Paris-based Kiln Secures $17m in Funding

Metris, a software company co-founded by software engineer and serial startup founder William Whatley and former Octopus VC Natasha Jones, has developed an end-to-end software solution that helps commercial property owners transition to solar energy more efficiently and profitably while reducing carbon emissions.

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All aspects of the solar journey are facilitated for property owners via the Metris platform, including initial assessment, installation, and continuous energy management.

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The platform employs artificial intelligence (AI) to produce thorough portfolio evaluations and determine the financial advantages of adopting solar energy in minutes as opposed to days. Additionally, by digitising and automating contracts, it lessens the administrative load associated with selling solar energy to renters.

Natasha Jones, co-founder at Metris, comments: "We're at the forefront of the decentralised energy revolution, driving the adoption of solar within commercial real estate, and we're excited to be joined by expert investors to supercharge our mission to turn every building into a power plant."

Fabian Heilemann, founder & CEO of AENU, comments: "Operational energy use of buildings accounts for ca. 30 percent of global energy-related CO2 emissions. Metris Energy is uniquely positioned to provide end-to-end solar operations for commercial buildings by offering everything from property selection and installation to tenant onboarding, billing and payments."

Hope Johnson, an investor at Octopus Ventures, comments:"Natasha and Will are helping commercial property owners reduce their carbon footprint, improve the energy efficiency of their properties, and accelerate the UK towards the large and legally binding commitments that have been made to Net Zero targets."

Metris plans to introduce its complete commercial solar platform in the UK this month with the help of this capital infusion. This includes introducing its invoicing and payments system and its AI-powered portfolio assessment tool for owners of commercial real estate.

About Metris Energy

Metris Energy believe that they can unlock the scale adoption of solar in the commercial property segment by coordinating technological and financial incentives. They ensure speed and scalability of their services by streamlining the installation process from start to finish using automation and standards.

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