Exnaton, a Zurich, Switzerland-based software company that provides an AI-powered intelligence platform for utilities across Europe, has secured Series A funding.
Investors
The round was co-led by 4impact Capital and Elevator Ventures, with continued support from True Ventures and Übermorgen Ventures.
4impact Capital is a pioneering European venture capital (VC) firm that focuses on impact investing in digital technology companies. They primarily target early-stage investments, typically from Seed to Series A, across the Benelux, DACH, and Nordic regions.
Elevator Ventures is the corporate venture capital (CVC) arm of Raiffeisen Bank International (RBI), a banking group in Central and Eastern Europe (CEE). Headquartered in Vienna, Austria, they invest in fintech and beyond-banking companies, focusing on growth investments, typically in Series A and Series B rounds.
Exnaton Use of Funds
The company will use the funds to scale its operations, expand in the European market, and develop advanced AI features for its platform.
About Exnaton
Founded in 2020 as a spin-off from ETH Zurich, Exnaton is a technology company specializing in AI-driven billing solutions for the renewable energy sector. The company offers a modular, white-label SaaS platform designed to help utility providers manage complex energy data and implement innovative energy products. Its supports dynamic tariffs, energy sharing, and smart EV charging. Headquartered in Zurich, Switzerland, Exnaton serves over 50 utilities across Europe, including TotalEnergies in Belgium and Bayernwerk in Germany.
Funding Details
Company: Exnaton AG
Raised: $10.0M
Round: Series A
Funding Date: October 2025
Lead Investors: 4impact Capital and Elevator Ventures
Additional Investors: True Ventures, Übermorgen Ventures
Company Website: https://www.exnaton.ai/
Software Category: AI-powered energy management / SaaS
Source: https://www.venturelab.swiss/Exnaton-secures-Series-A-Funding-to-scale-its-AIdriven-platform-for-the-new-energy-era