metr closes 6 million Euro financing round and expands its platform for energy efficiency in the real estate industry.
- Three new investors, as well as existing investors, support energy-efficient building management
Berlin, April 03, 2023 - metr, the solution provider for sustainable and digital real estate management, has successfully closed a Series A financing round of six million euros. With WIKA Group, BraWo Group and Mujinzo Labs GmbH, metr was able to attract three new investors. In addition, existing investors, such as Next Big Thing AG and early business angels, increased their participation.
Digitalization is the easiest and fastest way to reduce energy consumption and CO2 emissions in buildings. To this end, metr develops data-driven solutions for the real estate industry and networks them on a digital platform for technical building equipment. In addition to its own solutions, metr also integrates offers from partners. Thus, the real estate industry can manage different solutions via a central dashboard and further increase the energy efficiency of buildings.
"On the one hand, we will use the money from the Series A financing round for further product development and investments in our platform. In this way, we will further digitize the real estate industry and thus come closer to our goal of significantly reducing CO2 emissions from buildings," explains Dr. Franka Birke, CEO & Founder, metr Building Management Systems GmbH. "The building sector is currently under a lot of pressure to act. The aim is to achieve climate targets, save energy and significantly increase energy efficiency, especially in existing buildings. That's why we will also use the cash injection to expand our team to meet the increased demand."
metr looks back on a very successful fiscal year 2022. The young company was able to triple its customer base and expand its intelligent, digital platform for technical building equipment with additional partner solutions. In view of the energy and climate crisis, the company has launched another solution to complement the remote monitoring of heating and drinking water systems: AI-supported heating optimization. This is because it is becoming increasingly important for building owners and facility managers to reduce energy costs, save resources and implement efficient, safe and sustainable building management. This also convinced the investors.
"As a global market leader in the field of measurement technology, we know the challenges of reading out systems regardless of age or manufacturer and drawing the right conclusions from the data. metr convinced us with its solutions, but above all with its platform. Because data transparency is the basis for efficiency gains. We want to contribute to this with this financing," says Alexander Wiegand, CEO of the WIKA Group.
"BraWo Group has been a successful investor in real estate and real estate management for years. Therefore, we know that the key to success is not only to accept change, but to actively embrace it. Proptechs offer an opportunity to shape the real estate market in new ways and guide our investments into the future," explains Thomas Zechner, Managing Director of BraWo Group. "As part of the BraWo Group, we are therefore on a nationwide search for mature and marketable innovations with our BraWo Capital Group. We are pleased to have found them in metr Building Systems GmbH."
"Mujinzo Labs invests as an incubator and investor in sustainably profitable business ideas in the IT environment, preferably in SaaS business models, greentech and deeptech. It is precisely because sustainability plays a key role for us that we have invested in metr. The solutions contribute to making the real estate industry more resource-efficient," comments Dirk Owerfeldt, CEO of Mujinzo Labs GmbH.
"As one of NBT's first ventures, we already anticipated how important the metr solution would become for the real estate market. The current high demand confirms for us to further support metr's path and company growth with this financing round," confirms Harald Zapp, CEO, Next Big Thing AG.
metr aims to accelerate the reduction of global CO2 emissions and make buildings more energy efficient and sustainable. To this end, metr develops data-driven solutions for the housing industry and networks them on a digital platform for technical building equipment. In this way, metr ensures efficient, safe and sustainable building management. Founded in Berlin in 2016, metr is a portfolio start-up of Next Big Thing AG, the company builder for the machine economy.