[Funding alert] Stockholm-based Myrspoven Secures €5.4 Million in Funding

Thursday 8, 2024 | By Startup Rise EU

Stockholm-based Myrspoven Secures €5.4 Million in Funding. Vantaa Energy, AMAVI Capital, and 4impact capital spearheaded the venture. Currently operating in +3,500,000 square metres in 8 countries, the Swedish company saves 20% of a building's energy usage on average.

Stockholm-based Myrspoven Secures €5.4 Million in Funding. Vantaa Energy, AMAVI Capital, and 4impact capital spearheaded the venture. Currently operating in +3,500,000 square metres in 8 countries, the Swedish company saves 20% of a building's energy usage on average.

Read also - Austria-based Atlas Secures $4.5Million in Funding

Anders Kallebo, co-founder and CEO said, “We are eager to welcome 4impact capital and Vantaa Energy as new partners in this exciting phase of growth for Myrspoven, This funding will be instrumental in advancing our mission to contribute to the real estate industry’s reduction of carbon emissions by 1% and ensuring that we continue to deliver exceptional services to our valued customers.”

The investors' vision is ideally aligned with the company's commitment to sustainability and turning buildings into dynamic players in the new energy system, resulting in a relationship that drives innovation and creates long-lasting value in real estate.

Read also - London-based Device Authority Secures $7Million in Series A Round Funding

With a proven track record of generating cost and energy savings, an outstanding tech stack, and a platform that is future-proof, Myrspoven has won over investors with its ability to lead and upend the real estate industry.

Ali Najafbagy, General Partner and co-founder at 4impact capital, said: “Myrspoven is the leader in its field of carbon emission reduction through a digital only solution. We are thrilled to team up and accelerate the positive change internationally.”

Matti Wallin, Business Director of Vantaa Energy’s Energy Services, commented: “At the core of Vantaa Energy’s operations is to ensure that energy and finite resources are circulating as smartly as possible. Energy efficiency and curbing the customer’s energy costs are our main goals and we see that there is an increasing demand for such services. Joining Myrspoven is a natural choice for us and a good fit for our strategy.”

Richard Lindqvist, Partner Nordics at AMAVI Capital, added: “We have worked closely with Myrspoven since its early days and are happy to welcome 4impact capital and Vantaa to this exciting phase, where the indisputable goal is to accelerate from being a local Nordic hero to an international leader within building optimization. Myrspoven, with its best in class AI solutions, has the potential to redefine the real estate industry.”

About Myrspoven

Established in 2017, this strategic capital injection helps Myrspoven, in accordance with their channel partner strategy, to grow its solutions throughout Europe and beyond.

Read also - Düsseldorf-based Kauz Secures €2.3 Million in Funding

The investors' vision is ideally aligned with the company's commitment to sustainability and turning buildings into dynamic players in the new energy system, resulting in a relationship that drives innovation and creates long-lasting value in real estate.

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