SpotmyEnergy, founded in 2023 in Cologne by Jochen Schwill, is supported by investment and structuring partner Horizon Energy Deutschland, which has been helping the startup scale since the end of the previous year. Horizon is providing capital of over 50 million EUR for smart-meter assets. Part of these committed funds is being used directly for the acquisition of around 3000 smart meters from competitor Zählerhelden. No purchase price or further financial details of the transaction were disclosed.
About SpotmyEnergy
An independent competitive metering operator that provides solutions for measuring, networking, optimizing and controlling photovoltaic systems, heat pumps, home storage systems and wallboxes, and also offers energy management and dynamic electricity tariffs.
Cologne, Germany
Read Company ProfileFrequently Asked Questions
What type of funding round did SpotmyEnergy raise?
SpotmyEnergy raised a unspecified round.
How much did SpotmyEnergy raise in its unspecified?
SpotmyEnergy raised $50,000,000 EUR in its unspecified.
Who invested in SpotmyEnergy's unspecified?
The investors in SpotmyEnergy's unspecified are: Horizon Energy Deutschland.
What type of investment was SpotmyEnergy's unspecified?
SpotmyEnergy's unspecified was a equity investment.
How will SpotmyEnergy use the funds from its unspecified?
SpotmyEnergy plans to use the funds for: scaling, smart-meter assets, acquisition of around 3000 smart meters from Zählerhelden.