Reonic Secures €13M for Sustainable Energy Solutions
Reonic Secures €13M for Sustainable Energy Solutions
Reonic Secures €13M for Sustainable Energy Solutions
News summary

Reonic, a climate tech SaaS startup based in Augsburg, Germany, has successfully raised €13 million in a Series A funding round, led by Northzone with participation from Point Nine and Puzzle Ventures. Founded in 2021, Reonic provides an end-to-end software solution designed to help small and medium-sized enterprises (SMEs) in the renewable energy sector streamline their workflows and digitize their processes. The company aims to expand its operations across Europe, starting with France, and has recently opened a second office in Berlin. This new funding comes after Reonic tripled its recurring revenue in the past six months and plans to increase its team size, currently standing at 21 members. Co-founders Tristan Menzinger and Lars-Manuel Schneider emphasize their goal to empower installers in the rapidly growing renewable technologies market, which is predominantly served by independent firms lacking digital tools. Reonic's software supports over 200,000 companies in Europe, facilitating the deployment of sustainable energy solutions such as solar panels and heat pumps.

Story Coverage
Bias Distribution
100% Left
Information Sources
51dae2ab-6a3f-4156-b4a8-805de03e2b50
Left 100%
Coverage Details
Total News Sources
1
Left
1
Center
0
Right
0
Unrated
0
Last Updated
14 days ago
Bias Distribution
100% Left
Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News