aedifion, a Cologne, Germany-based proptech startup that helps monitor, manage, and reduce energy usage in commercial environments, announced that it raised €12 million in an oversubscribed Series A round of funding.
The round was led by Europe’s leading climate tech investor, World Fund and BeyondBuild, with participation from the family office of SAP’s founding family, Hopp.
Bauwens, Drees & Sommer, and MOMENI Venture also participated, along with existing investors BitStone Capital and Phoenix Contact Innovation Ventures.
The funds will be used to improve its platform even further so that clients can save more money and tackle the rising expenses of commercial buildings’ energy usage.
aedifion founder Johannes Fütterer says, “We want to make buildings part of the energy system of the future. Thanks to digitisation and AI, buildings can become part of the energy transition – as virtual power plants that are part of a smart network. Inefficiencies in operations are automatically identified on an ongoing basis, which saves money and reduces emissions – and all of this is completely digital and scalable across all properties.”
Company: aedifion GmbH
Round: Series A
Funding Month: January 2023
Lead Investors: World Fund and BeyondBuild
Additional Investors: the family office of SAP’s founding family Hopp
Company Website: https://www.aedifion.com/
Software Category: Data-based Operational Optimization
About the Company: Founded in 2017 as a spin-off from RWTH Aachen University, aedifion is a proptech startup that helps to operate buildings sustainably, efficiently, and transparently. With the company’s AI-based cloud platform, energy consumption, CO2 emissions, and operating costs of buildings can be reduced, and their sustainability improved. aedifion’s platform can also detect overspending and excessive energy use, such as heating empty rooms or locating places that need retrofitting or additional insulation. It can also employ AI to monitor, manage, and control heating, ventilation, and air conditioning (HVAC) systems in a predictive manner. Some of its customers in Germany include AEW, Hines, Art-Invest, Gegenbauer, and ROM Technik.