VCs in €12m round for GreenCom Networks

Japan-based Energy & Environment Investment also participated in the round, as did existing investors Centrica, E.ON Future Energy Ventures, Munich Venture Partners and SET Ventures.

GreenCom intends to use the proceeds for international expansion.

Previous funding
In June 2014, Munich Venture backed a funding round for GreenCom Networks.

In July 2017, SET Ventures led a €3m funding round for the business, with participation from Munich Venture.

Macdoch Group led a round for GreenCom in April 2018, which was also backed by Munich Venture and SET Ventures.

Centrica led a funding round for GreenCom in February 2019, joined by SET Ventures, Munich Venture and Cosmos.

Company
GreenCom provides a platform for Internet-of-Things sustainable energy systems for use in the home. The energy information brokerage platform connects and controls devices including solar panel systems, battery storage units, heat pumps and electric vehicle chargers. Founded in 2011 and based in Munich, GreenCom has more than 50 employees, according to LinkedIn. The company has an additional office in Sophia-Antipolis, France.

People
GreenCom Networks – Christian Feißt (CEO).
Centrica – Idan Mor (investment director).
SET Ventures – Wouter Jonk (managing partner).
Shell Ventures – Jurgen Hornman (investment director).
Energy & Environment Investment – Shuichiro Kawamura (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany