Kiwigrid GmbH, a Dresden, Germany-based operator of an Energy IoT industry platform, completed a double-digit million euro third financing round.
In conjunction with theis financing, Innogy Venture Capital and High-Tech Gründerfonds sold their their entire shareholding, Aqton SE led the round and increased its share, and innogy SE and LG Electronics joined as new investors.
The company will use the funds to further develop the platform and the products building on it as well as to focus on internationalization.
Led by Dr.-Ing. Carsten Bether, founder and CEO, Daniel Söntgerath, COO, Kiwigrid operates a cloud-based energy IoT industrial platform which integrates decentralized energy producers, storage systems, intelligent measuring systems, consumers and charging systems for electric mobility, networking and intelligently controlling all of these elements. Based on this infrastructure, the company develops solutions for innovative value-added services in the area of energy management.
It currently serves partners and customers coming from the sectors of energy, automotive, telecommunications, electronics and real estate.