Wattnow, a Tunisia-based cleantech company, closed a multi-million dollar funding.
The round was led by Lateral Frontiers and 216 Capital, with participation from Outlierz Ventures, Satgana, Octerra Capital, and a group of strategic angel investors, including InstaDeep founder Karim Beguir and Guillaume Amblard.
The company intends to use the funds to accelerate its global expansion plans and to refine its technological offerings.
Founded in 2018 by Issam Smaali, Wattnow helps companies take control of their energy usage through the combination of its plug-and-play hardware and software solutions. Its service enables companies to visualise their energy usage in real time, control and automate certain loads, and receive alerts and notifications when something goes wrong.
Its platform is already used by strategic private and public sector clients across a diverse range of industries, including municipalities, automotive and aeronautics, telecommunications, banking and insurance, transformative industries, oil and gas, construction, and retail.
Wattnow had raised a $1.3M in pre-Series A funding round in 2022 led by Katapult Climate and 216 Capital, joined by other investors.
FinSMEs
06/05/2024