Myrspoven, a leading AI software company operating within building optimization, announced the successful completion of a €5.4 million equity funding round. The investment was led by 4impact capital, Vantaa Energy, and existing investor AMAVI Capital. As of today the Swedish company is running +3,500,000 square meters across 8 countries and saves on average 20% of a building’s energy
“We are eager to welcome 4impact capital and Vantaa Energy as new partners in this exciting phase of growth for Myrspoven,” said Anders Kallebo, co-founder and CEO. “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.”
Founded in 2017, this capital infusion strategically propels Myrspoven to expand its solutions across Europe and beyond, in line with their channel partner strategy. The company’s dedication to sustainability and transforming buildings into dynamic players in the modern energy system aligns perfectly with the vision of the investors, fostering a partnership aimed at driving innovation and creating lasting value in real estate. With a track record of delivering energy and cost savings, an impressive tech stack, and a future-proof platform, Myrspoven has gained investor confidence for its potential to lead and disrupt the real estate sector.
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.”
The funding round was a collaborative effort. 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.”
Read the orginal article: https://www.eu-startups.com/2024/02/stockholm-based-myrspoven-lands-e5-4-million-to-make-real-estate-cope-with-its-carbon-emissions-goals/
