Metron Raises €12.5M in Funding
Summary
Metron, a Paris, France-based international player in the digital management of energy consumption and reduction of carbon emissions, raised €12.5M in funding. The round was led by GET Fund alongside long-standing investors BNP Paribas, Climate Investment and Vertigo. The company intends to use the funds to reinforce its development strategy, based on the acquisition of major international accounts, such as Danone, Safran and Arcelor Mittal, and forging of significant alliances with international players such as Fujitsu, Thailand’s PTT oil company, Dalkia in France. It develops digital solutions to help industrial companies optimize and reduce their energy consumption and therefore their carbon footprint. Today, Metron has 100 employees in 11 countries with its solution deployed at more than 25,000 sites worldwide, including 200 in the industrial sector.