Smappee, a Kortrijk, Belgium-based provider of energy monitoring solutions, raised $2.7m in Series A funding.
The (internal) round was led by CEO Stefan Grosjean and COO Hans Delabie.
The company, which has raised $5.4m to date, will use the funds to develop and launch new products during 2016.
Founded in late 2012, Smappee provides an energy monitor that measures the exact use of all important appliances and provides real-time data. A mobile app for smart phone or tablet allows the user to monitor his energy consumption in real-time and analyze it. Additionally, the system measures the production of solar panels, while the Comfort Plugs™ allow users to switch appliances on and off remotely.
Smappee currently sells its products in over 60 countries.