enOware Raises Seed Financing Round

enoware_logoenOware, a Karlsruhe, Germany-based developer of GEOsniff, a wireless, miniaturized geothermal measuring capsule, raised a seed financing round of undisclosed amount.

Backers included High-Tech Gründerfonds, LBBW Venture Capital GmbH, and KIC InnoEnergy SE.

Operators of near-surface geothermal probes can get up-to-the-minute relevant system data with GEOsniff and an app.

Founded in July 2014 as a spin-off from Systec & Services GmbH by Karl G. Linder, CEO, and Simeon Meier, CTO, enOware provides GEOsniff, a solution that aims to improve the efficiency and quality of geothermal systems.
Its unit, in the shape of a 20mm sphere, navigates the pipe system of a geothermal probe and records measurements like pressure and temperature along the way. The sensor can be logged on and off the geothermal probe via an automated docking station, the GEOsniff BYPASS for wireless energy and data transmission. The data is then accessible through an online portal (YouFootprint) and the associated smartphone app for system monitoring, optimization, and improvement, as well as operational safety.

The measurement technology has already won over its first customers and aims to expand in Germany, where more than 300,000 geothermal probes are currently operating, and 20,000 new systems are built each year.




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