Energy transition startup node.energy receives €7 million in Series‑A funding
Frankfurt a. M. — From four new investors and existing investors such as the High-Tech Gründerfonds (HTGF) and renowned business angels node.energy raises Euro 7 million in fresh capital. The selection of the four new Series‑A investors was quite deliberate. For example, the funding round is led by Cologne-based VC BitStone Capital, the leading PropTech fund with strong expertise in the real estate industry. As co-investors, 10x Founders brings extensive experience in the software-as-a-service sector and impact investor BonVenture brings a clear sustainability focus. As an international investor from the energy sector, Helen Ventures from Finland is also participating in the financing round.
The software “opti.node” developed by node.energy simplifies the management of wind and solar plants. As the “digital lubricant of the energy turnaround”, opti.node takes over the fulfillment of numerous bureaucratic requirements in particular: With opti.node, plant operators can easily automate the creation of invoices, tax forms and notifications to the authorities. The software is already being used to manage around 10,000 wind energy and solar plants. node.energy is thus the market leader in Germany.
“The future energy supply will be based on millions of renewable energy plants, and every major building will also be a power plant. Many new providers, such as property managers and citizen energy cooperatives, are driving change with new business models. In doing so, they are regularly confronted with the complicated rules and bureaucratic requirements of the energy market. This results in enormous market potential and further growth opportunities for us,” explains Matthias Karger, founder and managing director of node.energy
“Rising energy and CO2 prices and the desire for security of supply are making renewable energy installations for real estate more attractive than ever. node.energy makes it easy for professional owners to evaluate this potential and to operate the plants successfully and legally compliant. I am pleased to support the team in this socially important task,” says Marc Stilke, Venture Partner at BitStone Capital and future Chairman of the Advisory Board at node.energy
node.energy will therefore invest the seven million euros received in Series A in the further development of the software. The goal is to build a comprehensive software platform that enables professional system operators from the commercial and real estate sectors to easily implement new business models such as solar power direct deliveries (e.g. tenant power or power purchase agreements/PPAs) and self-supply. To this end, the software is being enhanced with additional functions and expanded into an end-to-end solution platform.
node.energy GmbH, based in Frankfurt am Main, is a fast-growing company working towards a sustainable energy future. node.energy was founded in 2016 by Matthias Karger and Lars Rinn and develops and distributes the SaaS solution “opti.node” for professional operators of renewable energy plants. More than 9,500 wind turbines in over 2,500 wind and solar farms as well as more than 400 commercial and industrial properties are already using opti.node. 2020 node.energy was awarded the Handelsblatt Energy Awards. Currently, node.energy employs about 50 people.
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around EUR 900 million spread across three funds and an international partner network, HTGF has supported more than 670 start-ups since 2005. With the launch of HTGF IV, more than EUR 400 million in fund volume will be added in the fall of 2022. The team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than €4 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,900 follow-on financing rounds to date. In addition, the fund has already successfully sold shares in more than 160 companies.
The fund investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Climate Protection, KfW Capital, the Fraunhofer-Gesellschaft and numerous companies from a wide range of industries.