Berlin-based smalt raises €8 million to address the talent supply for the energy transition
Summary
The round was led by noa (formerly A/O) – Europe’s largest built world VC – and joined by existing investors General Catalyst, Owl Ventures, and Heartfelt (formerly APX). Europe’s energy transition is held back by a fundamental problem: the broken system of talent supply needed to install and service climate tech products. Smalt customers include over a dozen of Germany’s leading energy, clean-tech installation and OEM companies such as Thermondo, Otovo and Enviria in residential and commercial projects. Smalt offers a holistic approach to tackling this problem by attracting fresh talent into the industry and expediting their entry to the jobsite by blending digital and on-site training, and combining this with a technology platform to ensure repeatable high-quality service delivery.” “This funding round will accelerate our plans to expand into the commercial PV space, as well as regionally into the south of Germany and beyond. We are super excited to welcome the noa family to the cap table with its deep expertise in the built world, to complement our existing investors from the education and B2B software technology space,” added Khurram Masood, Co-Founder and Managing Director of smalt.