Oversubscribed USD 2M pre-seed round boosts Urbio
Summary
Urbio accelerates the transition of utilities towards clean energy, with a novel software based on research from world-leading technical university EPFL that reduces ten-fold the time spent on design tasks. Today, customers deal with scattered data sources and manual design processes at the building scale, supported essentially by spreadsheets and fragmented tools. Without significant funding, the Urbio team has managed to build a strong commercial pipeline and hire strong candidates as the foundation of what we believe will be a global tone-setter in urban energy planning software.” Co-leading the round, Rokas Peciulaitis from Contrarian Ventures states: “In order to reach ambitious net-zero goals, we really need to rethink our energy systems in cities around the world. We are really impressed by the team’s drive, technical expertise and their conviction that it is their company’s core mission to enable more sustainable urban environments globally.“ Urbio is excited by the diversity of these new partnerships. “Besides the capital that will support the growth of our team, we’re thrilled to count on the extensive experience in software and climate tech of our investors, as well as far-reaching international networks”, says Sébastien Cajot, CEO of Urbio.