Urbio raises USD 2 million in an oversubscribed pre-seed round
Summary
The Swiss EPFL spin-off Urbio, developing software to help energy providers plan the energy transition globally, has raised USD 2 million in a pre-Seed round co-led by Wingman Ventures and Contrarian Ventures. The funding will enable Urbio to recruit team members, improve the commercial product, and expand commercial activities in the EU. Alex Stöckl, partner at Wingman Ventures, and Rokas Peciulaitis, managing partner at Contrarian Ventures, co-lead the pre-seed round and will join the board of directors. Urban Us followed up their initial investment in the wake of Urbio’s participation in their and MINI’s startup accelerator, URBAN-X. David Helgason, founder and former CEO of Unity Technologies, also joined the round as an angel investor.