GreenCom Networks Secures Undisclosed Funding

Funding Rounds

▤ Summary

GreenCom Networks , a Munich, Germany-based home energy IoT provider, secured an undisclosed amount of funding. In conjunction with the funding, Idan Mor, Centrica Innovation Investment Director, will join the GreenCom Supervisory board. The company intends to use the funds to further international expansion of its Energy Internet of Things (IoT) platform in the European market. The platform is the foundation for digitally connecting and managing those devices for an optimal usage for homeowners. GreenCom integrates distributed assets from a large variety of vendors and enables new energy services like power, heat or mobility flat-rates, energy communities, or generation of additional benefits from trading the flexibility of devices in a virtual power plant.

$ Funding

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Amount - Total raised
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Date February 19, 2019 Announcement date
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Investors Greencom Networks, SET Ventures, Munich Venture Partners Lead investors
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Company http://www.greencom-networks.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Data Base/File Management

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