Swiss-based Eturnity, a B2B SaaS company that specialises in solar, heating, and e-mobility systems software solutions, announced that it has secured CHF 8M (approximately €8.2M) funding in a Series A round of funding from Junction Growth Investors and Alantra.
The Swiss company plans to use the funding to speed up its growth strategy and increase its software solutions throughout Europe, supporting businesses during their shift to renewable energy.
Additionally, the Swiss company has also partnered with Belgian investor Junction Growth Investors.
Junction Growth Investors bring extensive industry knowledge and internationalisation expertise, drawing from their past successes with companies like sonnen, zolar, REstore, and Lampiris.
What does Eturnity solve?
The funding comes as the world is shifting towards cleaner energy and industries such as solar and heating are facing difficulties coping with the high demand and limited availability of skilled professionals.
One of the reasons for this is that the digital platform connecting manufacturers and distributors to installers is not fully developed, which has become a bottleneck in the transition process.
And here’s where Eturnity comes into play with its digital solution that integrates all key stakeholders in the energy transition domain.
Eturnity: What you need to know
Founded by Matthias Wiget, Remo Müller, Nicolas Bernold and Samuel Baumgartner, Eturnity‘s software improves interactions between manufacturers, distributors, and installers of solar, heating, and e-charging components, as well as energy suppliers.
The company offers a full software suite of tools for installers for sales and lead generation, design and calculation, and project processing, while also offering a digital interface, linking installers to the manufacturers and distributors, facilitating smoother interactions.
The solution enables installation companies to focus on the core and improve efficiency.
Eturnity’s main objective is to accelerate Europe’s decarbonisation process by addressing the shortage of skilled workers.
Eturnity’s CEO Matthias Wiget says, “To keep pace with Europe’s decarbonisation targets, we must infuse efficiency into our processes. Eturnity’s software solution offers this efficiency, streamlining operations for everyone in the climate-tech sector. Our digital solutions enable quicker system sales by installers, propelling Europe closer to its decarbonisation goals.”
The Investor
Junction Growth Investors is a €125M investment fund dedicated to the energy transition.
The fund has a long-term investment horizon and is labelled art 9 under SFDR due to its focus on carbon emission reduction.
It invests growth equity in non-listed European scale-ups and SMEs to gain scale.
Vincent Gregoir of Junction Growth Investors says, “We’re thrilled to co-invest in Eturnity alongside Alantra’s Klima fund, forming a consortium with an international reach and a complementary mix of knowhow and expertise. Our expertise in the renewable energy landscape, B2B SaaS models, and cross-border growth strategies will complement Eturnity’s mission.”
“We are resolute in aiding Eturnity’s pursuit to digitalise clean energy stakeholders, believing that their software suite will catalyse a broader shift towards renewable energy and efficient HVAC solutions for households,” adds Gregoir.
Read the orginal article: https://siliconcanals.com/news/startups/swiss-eturnity-secures-8-2m/
