Utrecht-based Sensorfact, a climate-tech IoT scale-up that specialises in smart monitoring solutions for industry, announced on Wednesday that it has raised €25M in funding.
The round was led by European growth investor Blume Equity with participation from existing investors FORWARD.one, Korys, and SET Ventures.
The Dutch company says it will use the capital to accelerate expansion into new markets and optimise its current product suite. The investment will also help Sensorfact expand the range of resource categories measured and serve industrial businesses globally.
The announcement comes over a year after raising €13M in funding from FORWARD.one, Korys, and SET Ventures in January 2022.
Pieter Broekema, CEO of Sensorfact, says, “We deeply appreciate the trust of our investors and dedicated employees. With Blume Equity on board, we are confident that we will continue to drive innovation towards a greener and more sustainable industry even faster.”
“We have already achieved remarkable energy savings for European industrial plants, underscoring our significant impact towards a net-zero future,” he adds.
Sensorfact: Improving resource efficiency of industrial SMEs
Founded in 2016, Sensorfact is on a mission to offer manufacturers an integrated, user-friendly, and budget-friendly solution.
The all-in-one, self-install system allows manufacturers to improve resource efficiency and maximise machine uptime by smartly monitoring electricity, gas, water, and compressed air usage.
Furthermore, it can accurately predict maintenance requirements, ensuring smooth operations for manufacturers.
The core USP is in the smart algorithms and productivity enablement tools the company uses to translate the data into actionable insights, with Sensorfact also providing the IoT hardware needed for the measurements.
Currently, it has over 150 employees across offices in Utrecht, Amsterdam, Berlin, and Barcelona, and serves over 1,300 clients in 40+ countries.
The lead investor
Blume Equity is a European climate-tech growth investor dedicated to delivering profit with purpose by supporting fast-growth European businesses addressing the climate crisis to scale.
Blume works in close partnership with management teams on the growth journey, drawing upon long scale-up and sustainability experience.
The company has hubs in Amsterdam and London, and operating partners across other key European geographies.
Eleanor Blagbrough, co-founding Partner of Blume Equity, says, “Sensorfact is a fantastic company, epitomising the kind of inherently impactful business we seek to back: Europe’s industrial SMEs need to improve their resource efficiency and this presents both a compelling impact and business opportunity.”
Read the orginal article: https://siliconcanals.com/news/startups/internet-of-things/utrechts-sensorfact-gets-25m/
