⚡72% energy cost savings?!

This startup helps German residents become energy efficient with ease

Author

Ben Hofer
May 29, 2023

Welcome to another exciting week in PropTech where we provide a weekly roundup of the latest in PropTech startups, news, highlights, and more!

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📰 TLDR

  • Ariadne, provider of a location data and crowd analytics platform, raised $7 million in Series A

  • ConnectDER, provider of fast connection adapters for solar and other distributed energy resources, raised $27 million Series C

  • British Earth observation startup Satellite Vu raised $15.8 million

  • Clime Capital and Touchstone Partners announced a joint investment into Stride

  • HostGPO, a Los Angeles, CA-based group purchasing organization and marketplace raised $6 million in funding.

  • 🌟PropTech Star of the week: Enter is a German startup reshaping energy efficiency for residential homes

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By gathering the smartest newcomers & established proptech solutions in real estate, we aim to boost innovation and sustainability across the ecosystem.

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❗Latest in PropTech

  • A Munich, Germany-based provider of a location data and crowd analytics platform for the real estate industry, raised $7 million in Series A funding.

  • The round was led by existing investor Marathon Venture Capital with participation from Lamda Development and angel investors.

  • The company intends to use the funds to expand operations and its business reach, as well as its development efforts.

  • A company that provides fast connection adapters for solar and other distributed energy resources, said it closed a $27 million Series C funding round.

  • The funding will be used to scale up ConnectDER’s existing solar adapter into new markets, launch a new EV product line, and develop a next-generation product suite for multi-asset electrification and integration.

  • The company said its meter collar technology provides a low-cost, one-hour install in a single device for upgrading residential electric power systems. The technology aims to avoid often complex and expensive upgrades to circuit-breaker panels or in-home wiring, without adding more amperage from the utility company.

  • British Earth observation startup Satellite Vu raised $15.8 million for its thermal-imaging satellite constellation.

  • Molten Ventures, an existing Satellite Vu investor, led the Series A-2 investment round announced May 24. Other previous Satellite Vu investors participated including Seraphim Space Investment Trust, A/O Proptech, Lockheed Martin, Ridgeline Ventures, Earth Sciences Foundation and Stellar Ventures.

  • Satellite Vu plans to launch its first satellite in June on a SpaceX Falcon 9 rideshare flight.

  • Clime Capital and Touchstone Partners announced a joint investment into Stride

  • Stride is an innovative cleantech company operating in Vietnam with a mission to accelerate Vietnam’s low carbon transition by providing households and small businesses with eco-friendly home improvement projects, smart home technology, energy-efficient products and access to solar energy.

  • A Los Angeles, CA-based group purchasing organization and marketplace for vacation rental hosts to procure furniture, supplies, and other services to run their properties, raised $6M in funding.

  • The round was led by Navitas Capital, alongside OMNIA Partners. Other investors included 75&Sunny, Brian Lee and PAR Capital Ventures.

  • The company intends to use the funds to accelerate its market position by bringing expertise across technology development, real estate marketplaces, procurement know-how, and supply relationships.

🌟PropTech Star of the week: Enter

enter logo

Enter is a German startup reshaping energy efficiency within the real estate sector. Tackling the growing concern of energy consumption in residential properties, Enter provides an answer to a pressing problem: how best to reduce the carbon footprint and energy consumption of a property?

We help millions of people to decarbonize their homes by providing the easiest end-to-end solution of one-stop energy audits, procurement, financing, and energy monitoring. With Enter our clients have all the data of their home in one app.

enter.de

Given Germany's robust laws around energy consumption and the increasing social consciousness towards sustainability, property owners are compelled to look for energy-efficient solutions. Enter bridges this gap by offering comprehensive energy consultations, on-site analysis, and subsidy services, all delivered digitally.

Key features of Enter's innovative services include:

  • A customized renovation strategy developed for each client.

  • Fast, secure, and entirely digital process.

  • A team of over 200 energy efficiency experts on hand.

Pricing is a notable aspect of Enter's model, designed to encourage property owners to adopt energy efficiency upgrades. Their pricing structure is as follows:

  • For properties with 1-2 residential units: Total cost is €1,690, with the client paying only €390 and €1,300 covered by subsidies.

  • For larger properties (3-10 units): Total cost is €2,250, with the client paying €550 and €1,700 covered by subsidies.

  • For properties with more than ten units: Pricing is available upon request.

The process followed by Enter is simplified and customer-friendly. It starts with an online energy consultation, followed by a non-binding offer, based on the initial data provided. Clients then share more information about their property and receive a renovation roadmap and assistance with applying for subsidies if required.

The impact Enter has had on the PropTech industry is considerable. To date, they have successfully completed over 3,000 projects and their clients save, on average, 72% on annual energy costs. With less than €25,000 in renovation costs, this results in an average annual savings of €3,360.

As a notable figure in the PropTech landscape, Enter's innovative, digital-first approach combined with a strong emphasis on customer needs and sustainability, makes them a key player to watch. Their impressive strides in promoting energy efficiency are not just benefiting property owners by reducing costs, but they are also contributing to a greener future. As we look ahead, Enter's potential in reshaping real estate is indeed promising.

🔎Interesting Events & Reads

Reads

  • Maiora solutions, an innovative startup specializing in advanced data analysis for companies in various sectors, outlines it in a survey conducted through the forecast analyzes of Epona, the first artificial intelligence tool developed for the real estate sector. (Link)

  • 2023 commercial real estate outlook by Deloitte (Link)

Events

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