German startup, vilisto, which provides digital heat management for non-residential buildings, has successfully closed a Series A funding round totalling €5 million from SET Ventures, E.R. Capital Holding and existing investors.
Founded in Hamburg in 2016, vilisto digitizes the entire process of heat consumption, from the radiators to the boiler. In doing so, they ensure that each customer will only consume as much heat as they need, thereby protecting them from the climate and their finances.
vilisto’s recorded data is visualized on their online platform, enabling efficient heat consumption monitoring in real time. Temperature, valve position, humidity and many other values are displayed in real time. Thanks to the floor plan function, one can quickly and easily access individual digital thermostatsand change setting.
“We’re primed for exponential growth”, stated vilisto’s Co-Founder and CEO Christoph Berger. “Through this funding and collaboration with knowledgeable and experienced investors like SET Ventures and E.R. Capital Holding, we are prepared for the next chapter. Our technology has proven its effectiveness and saving potential many times over. We strive to use our leading position in the market to further improve the energy efficiency of the building sector in Germany and the EU.”
What makes vilisto’s technology stand out in a sector with many solutions on offer, is its combination of simplicity and efficiency. vilisto’s solution can be implemented within minutes, during operations and without construction or IT-integration measures – delivering instant savings.
What makes vilisto’s technology stand out in a sector with many solutions on offer, is its combination of simplicity and efficiency. vilisto’s solution can be implemented within minutes, during operations and without construction or IT-integration measures – delivering instant savings.
Earlier this year, the energy startup attracted a large funding raise from Amsterdam-based VC, SET Ventures, a firm that has built a track record of investing in digital technologies for a carbon-free energy system since 2007.
Dr. Till Stenzel, a lead Partner from SET Ventures, echoed the simplicity of the vilisto solution: “After looking at several approaches to this problem, the ease of vilisto’s solution is what made them so appealing to SET Ventures. Their technology is easy to implement, it can truly be labeled ‘plug and play’ – a building owner simply installs a vilisto device in each room, and they immediately begin saving on their heating bills. It’s a total quick-win solution.”
Vilisto has an early lead in the German market. With over 200 customers representing around 35,000 buildings, they have achieved product-market fit and are now ready to scale further. And the demand for vilisto is understandably huge. Building owners and the public sector represent a total of more than 1.000.000 non-residential buildings all over Europe that are searching for sustainable energy efficiency solutions.
E.R. Capital Holding, a Hamburg-based investment holding and the other main investors in the financing round, has identified vilisto’s climate impact as another important selling point.
“We are looking for solutions that deliver immediate CO2 reductions, and vilisto clearly falls in this category. Vilisto’s product will play an integral part in helping the real estate sector meet its ambitious reduction targets and we are thrilled to support the team on this journey”, said David Falcone Schlüter, Head of Business Development & Controlling of E.R. Capital Holding.
In the future, vilisto plans to introduce more service benefits to serve the additional needs of its customers. “We greatly look forward to working with the vilisto team as they continue to develop their product offering and expand into new markets.”, said Dr. Stenzel. “It’s a critical problem to solve and an elegant solution they have created to do so. We can’t wait to see where they go from here!
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Source: Www.eu-startups.com/
