Skip to content
High Tech Series A Founded 2017

metr

metr develops an intelligent energy management platform and multi-functional IoT gateways that enable building operators to digitalize building technology, visualize energy consumption, and realize efficiency savings across electricity, gas, heat, and water systems. The platform offers two core solutions: Energy Management, providing smart metering and meter point operation that transparently captures and analyzes…

📍 Berlin, Germany · Internet of Things Infrastructure

Funding snapshot

Last roundSeries A
Amount$7M
Date3 April 2023
Total raised$7M
Team size33

About

metr develops an intelligent energy management platform and multi-functional IoT gateways that enable building operators to digitalize building technology, visualize energy consumption, and realize efficiency savings across electricity, gas, heat, and water systems. The platform offers two core solutions: Energy Management, providing smart metering and meter point operation that transparently captures and analyzes electricity, gas, heat, and water consumption across portfolios; and Energy Saving, delivering heating monitoring and intelligent heating optimization that sustainably reduces heating costs and CO2 emissions through automated heating system control. metr's multi-functional gateways integrate with existing submetering systems and read common submetering network nodes via wired and wireless networking devices, with companion software enabling readouts at any desired point in time, ad-hoc or automatically. The platform features manufacturer-independent integration that bundles all systems and meters across different vendors and existing infrastructure onto one central platform, 100% remote access replacing manual readings, secure ESG data with legally compliant real-time data for reporting, and plug-and-play installation in running operations for immediate results. metr serves asset managers seeking ESG data and portfolio monitoring, housing companies needing optimized heating operations, and energy service providers requiring real-time data for billing and digital services. Founded in 2017 and headquartered in Berlin, Germany, metr has raised approximately $6.5 million at the Series A stage from investors including WIKA, BraWo Capital Group, Mujinzo Labs, Next Big Thing, and ServiceHaus.

Business model

Internet of Things Infrastructure > IoT Devices > Communication Devices > Gateways

Institutional investors

WIKA BraWo Capital Group Mujinzo Labs Next Big Thing ServiceHaus Markus Abegg Dieter Berndt Jan Pfeiffer Alexander Sprau Bernd Walter Kirschner Martin Ebert Johannes Schmidt Erna-Maria Trixl

Latest coverage

No articles yet.

Raising like metr?

Analyze your pitch deck before your next raise.

Analyze My Deck →