Itineris, a Ghent, Belgium-based SaaS solutions for utility maker, received a €16 million investment from Belgian billionaire Marc Coucke’s holding company Alychlo.
This capital will allow Itineris to accelerate its ambitious growth plans in Europe and the US and further invest in innovation to support its customers in the new world of energy and water.
Company: Itineris NV
Funding Month: April 2022
Lead Investors: Alychlo
Company Website: https://www.itineris.net/
Software Category: a cloud-based CIS & CRM solution
About the Company: Itineris was founded in 2003 by entrepreneur Edgard Vermeersch. The company develops innovative software solutions that allow energy and water utilities to reach operational efficiency, achieve their environmental goals, and improve the relationship with, and experience of, their end customers. Itineris develops and implements a cloud-based CIS & CRM solution – UMAX – specifically designed for Utilities. Itineris's client base includes De Watergroep, Eneco, Engie, The New York Department of Environmental Protection, Boston Water and Sewer Commission, Dakota Electric Association, and the City of Tallahassee, to name a few. The company has more than 400 employees in Europe and the US, and its annual revenue in 2021 grew by 23% to over EUR 60m, With offices in Europe and North America.