Mountain Cleantech backs Gruenspar

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Mountain Cleantech has invested in Gruenspar, a German distributor of resource- and energy-efficient products.

The firm invested from its Mountain Cleantech Fund II vehicle. Gruenspar plans to expand in the European market.

Company
Gruenspar is headquartered in Muenster where it was founded in 2010 by serial entrepreneur Sebastian Kotzwander.

The business runs an online shop through which it sells around 1,000 energy and resource saving products to retail and commercial customers. It also provides a software-as-a-service product to utility companies, offering modular White Label Shop solutions for the sale of energy efficiency products. Gruenspar currently employs 26 people.

People
Mountain Cleantech´s managing partner Alexander von Hutten has joined Gruenspar´s supervisory board as part of the deal.

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