The Berlin-based energy management startup Green Fusion just secured €225K in pre-seed funding and is now expanding its team to focus on the further development of its existing product.
The fresh capital is coming from High Rise Ventures, a Berlin-based investor with a focus on proptechech. In addition, Vireo Ventures, an investor network of industry experts and entrepreneurs from the energy sector, has also invested in Green Fusion. Last but not least, the funding round has been joined by three German business angels.
Founded in January 202, Green Fusion is developing a cloud-based energy manager for the intelligent control of heat, electricity and e-mobility. The focus here is on hybrid heating systems in buildings such as heat pumps + gas boilers and the coupling to photovoltaic systems and electric vehicle charging stations.
In addition to this, Green Fusion wants to use machine learning to increase system efficiency and offer predictive maintenance. The Green Fusion software is therefore of high relevance for housing corporations as well as private owners, contractors, municipal utilities, and other operators of energy supply systems in buildings.
“This round of financing with experts from the proptech and energy world is a strong sign and will give us another boost. We can use the capital to expand our team and invest even more energy in the further development of our technology. With our intelligent control of heating systems, we want to increase efficiency by up to 20% and save costs and CO2 emissions. The aim in the next few years is to use our open technology to make an important contribution to the renewable heating transition both in the residential and commercial market.” says Paul Hock, CEO and Co-Founder of Green Fusion.
Green Fusion set out to help its customers to reduce CO2 emissions and operating costs, increase security of supply and reduce maintenance costs as well. The first projects in the real estate industry have already been successfully implemented.