Katapult, 216 Capital, Launch Africa in smart energy deal
Tunisian smart energy company Wattnow has closed a $1.3 million pre-series A investment round from investors including the Norwegian climate impact fund Katapult; 216 Capital; Launch Africa; Oman Technology Fund and CrossBoundary.
Established in 2018 by Issam Smaali, Wattnow is an IoT smart energy management solution that helps companies take control of their energy by reducing their energy related costs and carbon footprint. Through the combination of its plug and play hardware and software, Wattnow enables companies to visualise, in real time, their energy usage, control and automate certain loads (like lighting or HVAC), and receive alerts and notifications when something goes wrong. The data, captured thanks to smart sensors, is analysed through machine learning engines. These insights can be accessed on a cloud-based dashboard, empowering companies by giving them access to detailed reports and analytics on their energy usage.
“In a world where energy costs are increasing week after week, Wattnow’s platform and technology have the potential to help businesses reduce significantly their energy bill but also their impact on the environment. We are very excited to support Issam and the Wattnow team in their exciting journey,” says Dhekra Khelifi, partner at 216 Capital.
“These funds will play a major role in helping us take Wattnow to the next level. As a 100% Tunisian start-up, the whole team is very proud to have been able to make it to this stage, and the best is yet to come, I’m sure,” says Issam Smaali, CEO of Wattnow.
Previously, the start-up was supported by regional investors including Flat6Labs, Kepple Africa Ventures, Oman Technology Fund, and a selection of angel investors from the Bridging Angels network.
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