Tunisian cleantech startup Wattnow has successfully completed a multi-million dollar funding round, paving the way for accelerated growth. Lateral Frontiers and 216 Capital spearheaded the round. Additionally, Outlierz Ventures, Satgana, Octerra Capital, and angel investors such as InstaDeep founder Karim Beguir and Guillaume Amblard joined in.
Revolutionizing Energy Management
Founded in 2018 by Issam Smaali, Wattnow provides innovative smart energy management solutions. The company integrates plug-and-play hardware with software, enabling businesses to control and monitor their energy usage. Companies can automate processes, receive real-time alerts, and track energy consumption with ease.
Smart sensors and machine learning algorithms power Wattnow’s platform. As a result, businesses access detailed insights through a cloud-based dashboard. This system allows them to optimize energy use and meet sustainability goals effectively.
Expanding Global Presence
In 2022, Wattnow raised $1.3 million in a pre-Series A round led by Katapult Climate and 216 Capital. With the new funding, Wattnow plans to enhance its technology and expand globally. Although Wattnow’s international reach is currently limited, it has already served clients in over 11 countries, including significant markets in Europe, the Middle East, Africa, and North America.
Advancing Sustainability
Smaali stated, “This funding is a significant milestone for us. With our investors’ backing, we can expand our global footprint, enhance our technology, and support our clients’ sustainability efforts. Notably, our initial clients from Tunisia are now using our solution across multiple continents, underscoring its global appeal.”
In conclusion, Wattnow’s innovations will likely shape global energy management, promoting efficiency and sustainability.
