autarc, a Berlin, Germany-based developer of heat pump OS (operating system) for HVAC installers, has secured pre-seed funding.
SaaS Investors
The round was led by PropTech1 Ventures, with participation from several business angels such as C1 founder Christian Vollmann, Lieferando founder Kai Hansen, GridX founders — David Balensiefen and Andreas Booke, realxdata founder Titus Albrecht, zenhomes founder Jannes Fischer, and Reachbird founder Philipp Martin.
PT1 – PropTech1 Ventures invests in and supports innovative entrepreneurs from across Europe who tackle the mega challenges of our time created by the increasing scarcity of natural resources, affordable living space, and skilled labor.
autarc Use of Funds
The company will use the funding to accelerate the decarbonization of the building sector, to install one million heat pumps by 2030. The funding will also be used to expand the company's team and reach Europe.
About autarc
Founded by Etienne-Noel Krause and Thies Hansen, autarc is developing an operating system for heating, ventilation, and air conditioning (HVAC) installers to simplify the transition from traditional oil and gas heating to modern heat pumps. The solution aims to support contractors in planning and installing heat pumps efficiently, with time savings. autarc offers users further simplifications through artificial intelligence and LiDAR scan technology in addition to heat load, hydraulic balancing, and dimensioning.
Funding Details
Company: autarc GmbH
Raised: Undisclosed
Round: Pre-Seed Round
Funding Month: December 2023
Lead Investors: PropTech1 Ventures
Additional Investor: Christian Vollmann, Kai Hansen, David Balensiefen and Andreas Booke, Titus Albrecht, Jannes Fischer, and Philipp Martin
Company Website: https://www.autarc.energy/
Software Category: Heat Pump Software
Source: https://siliconcanals.com/news/startups/germanys-autarc-raises-funding/