Eturnity secures CHF 8 million series A funding to drive growth in solar, heating, and e-mobility sales software
08.06.2023
Eturnity Ltd., a prominent Swiss B2B SaaS company specializing in solar, heating, and e-mobility systems software solutions, has successfully closed a CHF 8 million Series A financing round. Led by Klima, Alantra's Energy Transition Fund, the investment will accelerate Eturnity's growth strategy and expand its software solutions across Europe, empowering businesses in their energy transition journey.
 From left to right: Doris Frehner (Business Development Manager), Philipp Eisenring (CTO), Matthias Wiget (CEO), Vivien Fuhrer (CFO), Roger Sutter (Head of Sales and Marketing).
|
 |
Eturnity has emerged as a key player in the renewable energy sector by providing cutting-edge software solutions for selling, dimensioning, and implementing climate-tech systems. The recent funding round bolsters the company's resources and addresses the pressing issue of skilled personnel shortage, thereby supporting Europe's transition to a sustainable energy system.
With the significant capital injection, Eturnity aims further to expand its software solutions into new European markets. By offering efficient and user-friendly software, the company aims to expedite the deployment of climate-tech systems, enabling businesses to embrace renewable energy solutions more rapidly and effectively.
A notable portion of the raised funds will be dedicated to Eturnity's ambitious "Vision zero" goal. This vision strives to minimize manual intervention in the dimensioning, sales, and implementation processes of climate-tech systems while reducing the reliance on highly skilled experts. By streamlining these operations, Eturnity aims to enhance the efficiency and accessibility of climate-tech solutions.
Matthias Wiget, the CEO of Eturnity, expressed his excitement about the substantial investment received from Klima Energy Transition Fund. He emphasized that the funding will enable the company to develop products that leverage new levels of efficiency and make a greater impact on Europe's energy transition.
"Venture Kick gave us early direction and taught us how to think about developing a business," said Matthias. "We pivoted a couple of times until we found a scalable business model in 2016. Since then, we have grown to the market leader in DACH in a bootstrapped mode and some grant and debt financing, grown to approximately 50 people at the end of last year (2022). In autumn 2022, we launched a series A process to accelerate our growth. It’s our ambition to become the leading software provider for renewable energy ecosystems in Europe and contribute to a faster energy transition that is not limited by the manpower gap that we currently observe in this market, thanks to our software, which makes the entire ecosystem of installers, utilities, manufacturers and distributors more efficient," continued Matthias.
As the global demand for sustainable energy solutions continues to rise, Eturnity's software offerings have positioned the company at the forefront of the industry. With the recent Series A funding, Eturnity is well-equipped to expand its reach, improve the implementation of climate-tech systems, and contribute to the transformation of Europe's energy landscape.
Eturnity participated in the Venture Kick (2014) and Venture Leaders Technology (2014).
With the significant capital injection, Eturnity aims further to expand its software solutions into new European markets. By offering efficient and user-friendly software, the company aims to expedite the deployment of climate-tech systems, enabling businesses to embrace renewable energy solutions more rapidly and effectively.
A notable portion of the raised funds will be dedicated to Eturnity's ambitious "Vision zero" goal. This vision strives to minimize manual intervention in the dimensioning, sales, and implementation processes of climate-tech systems while reducing the reliance on highly skilled experts. By streamlining these operations, Eturnity aims to enhance the efficiency and accessibility of climate-tech solutions.
Matthias Wiget, the CEO of Eturnity, expressed his excitement about the substantial investment received from Klima Energy Transition Fund. He emphasized that the funding will enable the company to develop products that leverage new levels of efficiency and make a greater impact on Europe's energy transition.
"Venture Kick gave us early direction and taught us how to think about developing a business," said Matthias. "We pivoted a couple of times until we found a scalable business model in 2016. Since then, we have grown to the market leader in DACH in a bootstrapped mode and some grant and debt financing, grown to approximately 50 people at the end of last year (2022). In autumn 2022, we launched a series A process to accelerate our growth. It’s our ambition to become the leading software provider for renewable energy ecosystems in Europe and contribute to a faster energy transition that is not limited by the manpower gap that we currently observe in this market, thanks to our software, which makes the entire ecosystem of installers, utilities, manufacturers and distributors more efficient," continued Matthias.
As the global demand for sustainable energy solutions continues to rise, Eturnity's software offerings have positioned the company at the forefront of the industry. With the recent Series A funding, Eturnity is well-equipped to expand its reach, improve the implementation of climate-tech systems, and contribute to the transformation of Europe's energy landscape.
Eturnity participated in the Venture Kick (2014) and Venture Leaders Technology (2014).
From left to right: Doris Frehner (Business Development Manager), Philipp Eisenring (CTO), Matthias Wiget (CEO), Vivien Fuhrer (CFO), Roger Sutter (Head of Sales and Marketing).