Sensorfact helps industrial companies manage their energy and water usage. Check out the 11-slide pitch deck it used to raise $28 million.
Summary
It uses wireless sensors that are clipped onto machine cables and gas, water, and compressed air pipes to monitor flow every 30 seconds, which is fed back to a user-facing platform.The numbers are also crunched by Sensorfacts algorithm, which generates advice on how to reduce the likes of energy and water usage at a machine level. The platform can also assess the health of machines, allowing for predictive repairs to avoid downtime when something breaks, and leakage.The idea stemmed from cofounder and CEO Pieter Broekemas experience helping one company with an energy audit. Water is becoming an increasingly important topic too, as two-thirds of world could face shortages by 2025.Existing data-collection technologies were expensive and required downtime to install, which were barriers to entry, Broekema said. While President Bidens Inflation Reduction Act is luring climate tech companies stateside, the EUs response and efforts to digitize the economy have strengthened Sensorfacts business case, Broekema said.Europes industrial SMEs need to improve their resource efficiency and this presents both a compelling impact and business opportunity, added Blume Equitys cofounding partner Eleanor Blagbrough.Blume Equity, which led the round, is one of few impact-focused growth funds in Europe. The fresh funds will be used to expand its presence in the US, which includes opening an office, and to grow its 150-strong team.Existing investors FORWARD.one, Korys, and SET Ventures also participated in the round.Check out the 11-slide redacted pitch deck below: