Novo, a Berlin, Germany-based provider of a platform automating the process of energy renovation for buildings, raised $1.1m in pre-seed funding.
The round was co-led by Citizen Capital and 2bX, with participation from Antler, and angel investors Franz De Waal, and Kerstin Bock.
The company intends to use the funds to expand operations and its business reach.
Led by Mona Hornung and Julia Wadehn, Novo provides a tech platform that aims to automate the process of energy renovation planning and financing. The company’s system analyses the current situation of a given building, and provides an energy renovation plan, linking owners to subsidies and loans to reduce costs.
The platform is directly embedded into the systems of banks and energy providers.
FinSMEs
01/10/2023