{"id":97428,"date":"2024-01-17T16:00:00","date_gmt":"2024-01-17T15:00:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=97428"},"modified":"2024-06-18T13:57:08","modified_gmt":"2024-06-18T11:57:08","slug":"42watt-expands-seed-round-again","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/97428\/42watt-expands-seed-round-again\/","title":{"rendered":"42watt expands seed round again"},"content":{"rendered":"<div class=\"entry-content\">\n<p>The seed round of 42watt continues to grow: After the Munich-based cleantech startup <a href=\"\/en\/94781\/42watt-receives-millions-in-seed-funding\/\">A successful seed financing round in autumn 2023<\/a> was able to announce, in November of the same year a <a href=\"\/en\/96232\/obi-invests-in-42watt\/\">first expansion by Obi Squared<\/a>, the corporate venture capital arm of the home improvement brand. The already oversubscribed round is now being expanded again by a mid-single-digit million amount. Venture capital firm Eneco Ventures is leading the round. Existing investors PT1 and BonVenture are also contributing additional funds.<\/p>\n\n\n\n<p><strong>J\u00f6rg \u00dcberla<\/strong>, co-founder and CEO of 42watt, says about the current expansion: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We are pleased to count Eneco among our investors. Eneco has a clear focus on decarbonization. This fits perfectly with our mission to make existing buildings in Germany and Europe climate-neutral.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">More than financial commitment<\/h2>\n\n\n\n<p><strong>Jordy Klaassen<\/strong>, Investment Manager at Eneco Ventures, is looking forward to the collaboration: <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;Our investment in 42watt is not just a financial commitment, but a strategic partnership to drive meaningful change in energy renovation. Together, we will support the achievement of climate goals and achieve our One Planet Plan objectives. To achieve this, we will leverage our extensive knowledge of the energy market, reach more than five million people through our customer base, and further expand our existing collaboration with LichtBlick.&quot;<\/p><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">The mission: Reduce energy consumption in existing buildings<\/h2>\n\n\n\n<p>The&nbsp;<a href=\"\/en\/day\/cleantech\/\">Cleantech startup<\/a>&nbsp;was founded at the end of 2021 with the vision of becoming the leading platform for the renovation of existing buildings. Founder and CEO J\u00f6rg \u00dcberla, together with his co-founder, architect and energy efficiency expert Marcus Dietmann, pursues the mission of reducing energy consumption in existing buildings to an average of less than 42 kWh per year and square meter. This reduction is necessary to achieve Germany&#039;s climate targets in the building sector by 2045.<\/p>\n\n\n\n<p>The startup&#039;s platform supports property owners from researching potential renovation measures to their actual implementation. Customers also receive a government-funded, customized renovation roadmap and an additional five percent government subsidy for many of the renovation measures listed in the roadmap.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cEnergy-efficient building renovation must become as easy as a Netflix subscription,\u201d<\/p><\/blockquote>\n\n\n\n<p>emphasizes 42watt co-founder \u00dcberla.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Munich-based cleantech startup 42watt is expanding its already oversubscribed seed financing by a further mid-single-digit million amount.<\/p>","protected":false},"author":24,"featured_media":97432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[4782,415,52],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>42watt erweitert Seed-Runde erneut - 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