KfW and Born2grow back Rockethome

Born2grow, previous investor KfW and private investors collectively injected capital in excess of €1m.

The fresh funding will be used to bring the firm to market, broaden its product range and increase its international footprint.

KfW invested via its ERP-Startfonds vehicle, which holds around €730m.

Born2grow is a subsidiary of German venture firm Zukunftsfonds Heilbronn. Born2grow currently manages a €5m venture capital fund, committing up to €500,000 in each investment.

Company
Rockethome offers client-orientated technology for energy management. Using a smartphone, users can control photovoltaics and combined heat and power schemes in the household. It also enables customers to control lighting in rooms.

Founded in 2010, Rockethome is based in Cologne. So far, the firm has collaborated with more than 30 clients from six European countries.

People
Günter Steffen is CEO of Born2grow. Yüksel Sirmasac is CEO and founder of Rockethome.

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• Topics
• DACH
• Technology
• Early-stage
• Germany