Reonic, an Augsburg, Germany-based climate tech SaaS startup focused on enabling the deployment of sustainable energy solutions across Europe, raised €13M in Series A funding.
The round was led by Northzone, with participation from existing investors Point Nine and Puzzle Ventures.
The company intends to use the funds to expand into other European countries, and continue growing its headcount.
Founded by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Reonic provides end-to-end workflow and planning software to support installers and sellers in integrating renewable technologies into households and businesses.
With a primary focus on regional installers, the company caters to over 200,000 companies in Europe alone. Having opened a second office in Berlin earlier this year, the funding follows a growth year for Reonic, with the startup having tripled its recurring revenue in the past six months alone. The headcount currently stands at 21 team members.
FinSMEs
05/09/2024