Tunisia: Wattnow raises investment from Lateral Frontiers, E3 Capital, others
Wattnow is a Tunisian startup specialising in energy management systems.
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Wattnow, a Tunisian startup specialising in energy management systems, has raised an investment round led by Lateral Frontiers. Other investors that participated include E3 Capital, 216 Capital, Outlierz Ventures, Satgana, Octerra Capital, and strategic angel investors, including Karim Beguir and Guillaume Amblard.
Founded in 2018 by Issam Smaali in Tunisia, Wattnow leverages AI and real-time data analytics to optimise energy consumption for businesses. The company's IoT-driven solution provides real-time energy insights and predictive recommendations.
The funding will support Wattnow's expansion into new markets beyond Tunisia.
Utari Wanjohi, investment manager at E3 Capital, stated, "Wattnow's business model and focus aligns with our investment thesis, given the critical need for efficient energy management amidst rising energy prices and the global drive to reduce carbon emissions. The company's innovative solution provides businesses across various industries with the tools to optimise energy consumption, reduce costs, and minimise their carbon footprint. By leveraging on AI and real-time data analytics, Wattnow's platform enables companies to visualise and analyse their energy use in real-time, offering actionable insights that drive efficiency and sustainability."
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