Wattnow Secures Multi-Million Dollar Funding to Expand its Energy Management Solutions
Amsterdam, September 3, 2024 – Wattnow, the climate tech startup specializing in AI-powered energy management systems, announces the successful closing of a funding round led by Lateral Frontiers, 216 Capital, and E3 Capital to accelerate its international expansion.
Growth in a Booming Market
The energy management sector is experiencing rapid expansion, with the Energy Management Systems (EMS) market expected to triple to reach $117.8 billion by 2025.
Led by leading investment funds in technology and sustainable energy
Growing Global Market
Global electricity demand is expected to rebound by 3.3%. Wattnow is positioned in two key markets: Europe ($11.77 billion) and Middle East & Africa ($1.68 billion).
International Expansion
This funding will enable Wattnow to develop its international presence, improve its technology, and expand operations into new strategic markets.
Continuous Innovation
Strengthening R&D capabilities to improve AI algorithms, develop new features, and maintain the platform's technological advantage.
Join the Leaders in Smart Energy
Discover how the Wattnow platform can transform your energy management and help you achieve your sustainability goals.
Already used in 12+ countries • 8+ industry sectors • Reduced carbon impact
Leading Investment Partners
A consortium of experienced investors bringing sector expertise, strategic networks, and long-term vision to accelerate Wattnow's growth.
| Investor | Expertise | Value Added |
|---|---|---|
| LF Lateral Frontiers | Africa Expansion | Strategic advice for growth across the African continent |
| 216 216 Capital | Technology & Scale-up | Support for growth of high-potential technology companies |
| E3 E3 Capital | Sustainable Energy | Focus on sustainable energy solutions and environmental impact |
| OZ Outlierz Ventures | Early-stage Startups | Expertise in early-stage startup development |
| SG Satgana | Sustainable Vision | Shared sustainable and responsible vision with Wattnow |
| OC Octerra Capital | Energy Management | Strengthening energy optimization capabilities |
Strategic Business Angels
Notable participation from Karim Beguir (founder of InstaDeep) and Guillaume Amblard, bringing technical expertise and entrepreneurial vision.
Network & Partnerships
Access to industrial networks, strategic partnerships, and international collaboration opportunities.
Strategic Roadmap
Alignment on long-term vision: geographical expansion, product innovation, and market leadership in EMS.
"This funding represents a major milestone for Wattnow. Thanks to the support of our investors, we can expand internationally, improve our technology, and continue to help our clients achieve a more sustainable future."
Wattnow Already Present in 12+ Countries
The Wattnow platform already benefits clients across various industrial sectors worldwide, demonstrating the solution's scalability and effectiveness.
MEA Expansion
Strengthening presence in the Middle East and Africa, high-growth markets with urgent energy optimization needs.
European Leadership
Consolidating position in the European market, with focus on regulatory compliance and sustainability standards.
Global Client Network
Our first clients in Tunisia now benefit from Wattnow across multiple continents, demonstrating the global value of our solution.
Why Wattnow Stands Out
AI-Powered EMS Platform
Wattnow's solution combines IoT, cloud computing, and artificial intelligence to deliver predictive analytics, real-time monitoring, and actionable insights, seamlessly integrating with existing operations.
Advanced Artificial Intelligence
AI algorithms for predictive analysis, anomaly detection, and automatic optimization of energy consumption.
Seamless Integration
Compatibility with all existing equipment and management systems (ERP, CMMS, SCADA) through standardized protocols.
Real-Time Monitoring
Customized dashboard with real-time consumption visualization, proactive alerts, and automated reporting.
Sustainable Impact
Measurable reduction in carbon footprint, regulatory compliance, and contribution to sustainable development goals.
