Reshape Energy GmbH funding news – Munich-based Reshape Energy GmbH Secures €5 Million in Expansion Capital

The investment comes from the founding team, industry experts, PostScriptum Ventures, and Vireo Ventures, a European venture capital fund focused on electrification and digitalisation.

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Andrew Mack, CEO of Reshape Energy said, “Today’s building energy services market is fragmented and inefficient. Property owners are forced to deal with a patchwork of providers, manual processes, and limited access to financing – making energy optimisation complex and costly. Our strategy is centered on acquiring and integrating businesses across the building energy services value chain to offer a one-stop-shop solution to our customers, By equipping these businesses with state of the art digitalisation tools, streamlined processes, access to capital, and strategic direction, we are creating a new category of energy services company that can deliver unparalleled value to property owners,”.

The founding team of Reshape Energy includes Alan Clifford, Andrew Goodwin, Andrew Mack, Gerard Reid, Benjamin Stanzl, and Markus Wiendieck. They have a lot of experience in the energy sector, having previously built successful businesses like Octopus Energy’s operations in Germany and Verivox.

Reshape Energy aims to tap into a large market opportunity, driven by rising energy costs and growing regulations for property owners across Europe.

The company focuses on property portfolio owners and makes it easier to improve building energy performance with an all-in-one solution. Their platform combines assessment, planning, financing, implementation, and ongoing management to help property owners and tenants cut costs, increase property values, and meet sustainability goals.

Reshape Energy is starting in the German market, where it has acquired an energy consulting business and a company that plans, installs, and maintains commercial solar systems. The company plans to grow and expand across Europe in the future.

Mischa Wetzel, Partner at Vireo Ventures said, “Reshape Energy has adopted an innovative approach to providing building energy services, and we are excited to support the company’s continued growth, Their deep industry expertise and commitment to sustainability align perfectly with our investment strategy. We look forward to seeing the company achieve its ambitious goals and make a significant contribution to the energy transition.”

About Reshape Energy

Reshape Energy is creating a platform that helps building owners and tenants save money, increase property values, and reach sustainability goals with a full range of energy services.