Reonic lands €13 million in Series A funding for renewable energy installment software
Description:
On September 4, 2024, German startup Reonic announced €13 million in Series A funding led by Northzone and with participation from Point Nine and Puzzle Ventures. Reonic’s founders believe small businesses need better end-to-end workflow software to make the installment process easier and faster. The company captures a large market, making its platform applicable to any form of renewable energy installment (photovoltaics, energy storage systems, wall boxes, heat pumps, etc.). Though the team only has 21 members, it has proven a strong product-market fit, tripling its revenue in the past six months. Reonic initiated its operations in the DACH region and is currently expanding to France and Italy.
Leadership:
Tristan Menzinger - Co-Founder, Software Development
Manuel Schneider - Co-Founder, Operations
Udo Sill - Co-Founder, Sales
Investors:
Northzone - a multi-stage VC fund and long-term growth partner.
Point Nine - a seed-stage VC firm focused on B2B SaaS and B2B marketplaces.
Puzzle Ventures - a €21.5M early-stage venture fund that invests in European B2B software businesses.
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