Tunisia’s Wattnow Closes Funding Round to Scale Energy Solutions
TLDR
- Tunisia-based cleantech company Wattnow secures undisclosed multi-million dollar funding round led by Lateral Frontiers and 216 Capital.
- Funding round also includes investments from Outlierz Ventures, Satgana, Octerra Capital, and strategic angel investors like InstaDeep founder Karim Beguir and Guillaume Amblard.
- The fresh funding will support Wattnow's global expansion efforts and the enhancement of its technological solutions.
Tunisia-based cleantech Wattnow, which helps companies control their energy usage through the combination of its plug-and-play hardware and software solutions, has closed an undisclosed multi-million dollar funding round, led by Lateral Frontiers and 216 Capital.
The round also features Outlierz Ventures, Satgana, Octerra Capital, and a group of strategic angel investors, including InstaDeep founder Karim Beguir and Guillaume Amblard.
In 2022, Wattnow raised a $1.3 million pre-Series A round, led by Katapult Climate and 216 Capital, joined by other investors. The fresh funding will help fuel its global expansion plans and refine its technological offerings.
Key Takeaways
Wattnow’s multi-million dollar funding round marks a major milestone in the Tunisian startup’s journey to becoming a global player in energy management. The company’s IoT platform, which offers real-time energy monitoring and machine learning-driven insights, has already gained traction across various industries and markets. With this latest funding, Wattnow is poised to expand its international presence and enhance its offerings, further cementing its role in helping businesses transition to more sustainable energy practices.
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