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🚀 🚀 🚀 Excited to announce that we've raised $7.5M in a Series A funding round led by 9900 Capital, with participation from RAED Ventures, Wamda Capital and Gary Turner who previously led Xero EMEA.
When we started Wafeq, our mission was to empower SMEs in the Middle East with localized accounting software that simplifies compliance with evolving regulations. Today, we are proud to support over 10,000 customers across the region and growing.
A heartfelt thank you to our customers and partners who have believed in us from the start – this is just the beginning. Stay tuned for some exciting updates in 2025!
🎉 We are thrilled to announce the successful closing of our oversubscribed $114 million seed round, led by Lowercarbon Capital, followed by our existing investors 9900 and QED Investors with Fontes who doubled down.
🚀 On our path towards connecting 1 billion people to renewable energy, this marks a tremendous milestone. We want to accelerate the green energy transition by connecting the dots and leveraging synergies across the entire value chain.
🔋The funding will enable us to enhance our operating system designed for the renewable energy industry. The platform aims to streamline operations for stakeholders like installers, manufacturers, and energy providers by integrating software, finance, and energy management solutions.
🙏 We would like to take this opportunity to thank all of our supporters, customers, investors and amazing team members for making this ride exciting and impactful! Together we will make the energy transition reality.
🌟 Stay tuned for more - we are just getting started!
💚 Join us on this exciting journey to a sustainable future - we are currently hiring! Find a link to our open in the comments below.
CC: Shawn Xu, Clay Dumas, Chris Corbishley, Alexandra Piedrahita, Rory Mounsey-Heysham, Yusuf Ozdalga, Carl Krass, Michael Sidgmore, David de Picciotto, Victoria van Lennep, Peder Broms, Valentin Gönczy, Jodok Betschart, Jan Niklas Steg, Konstantin Küstermann, Noa Aurelia Rosenfeld, Paul Wagenplast, Bezawit Berhan, Jacob Kofoet, Usama Hassan
I am very happy and proud to announce that RABOT Charge has closed its Series A financing round! 🎉
We are delighted to announce the successful completion of our Series A financing round, totaling €17.5 million. Led by HV Capital, with support from All Iron Ventures, 9900 Capital, and by participation of our existing investors (yabeo impact, HTGF | High-Tech Gründerfonds & vent.io), this financing marks a crucial point for us. Enabling us to #scale even #faster and make an #access to #energytransition a real possibility for every #houshold in Germany!
Since 2021, we have established ourselves as pioneers of digital and ecological electricity supply. Building our #own#technology was crucial as we see ourselves as energy tech company. Our customers benefit from the best-in-class market optimization including a #AI based #prediction optimization as well as an continous API based direkt #Intradaymarket#optimization using the increasing price volatility. Which makes it highly beneficially for consumers with flexible loads like EVs, heatpumps and home battery storages. But not only for them: We want to enable every household in Germany to actively support the energy transition! We are not just green, but we are also smart :)
This not only opens up new path for private households but we also offer innovative #whitelabel#solution for existing energy providers to benefit from our technology.
Our commitment is making an impact: With over 35,000 customers, we are making a significant contribution to CO2 reduction and by this the fight against climate change. Our RABOT Charge app assists users in managing their electricity consumption wisely and effectively.
Thanks to this financing, we can continue to pursue our vision of promoting fair electricity prices and smart energy usage. We thank our team, partners & investors for their trust and look forward to a greener and more efficient future.
#smartenergy#seriesafunding#innovationKonrad SchadeSonja RogojewTobias MoggeMaximilian BothKonrad SchürmannDavid KuczekSaid Alib HaschemiFrederic MartinJaume Ayats SolerChris CorbishleyRory Mounsey-Heysham Christian Dietsche Peter LauerbachGernot BergerSven SieringKlaus LehmannMartin Korbmacher