Hamburg's Vilisto raises EUR 5 million in Series A funding round

12 July 2023

Start-up wins over investors with digital heat management system for energy saving

The Hamburg-based start-up Vilisto has raised EUR 5 million in a Series A funding round after its digital heat management system including a smart radiator thermostat won over investors, a press release said Monday (July 10, 2023). They include SET Ventures, a venture capitalist from Amsterdam, and the Hamburg-based investment holding company E.R. Capital Holding.

32 per cent cut in energy consumption and CO2 emissions

"After looking at different approaches, it was the simplicity of Vilisto's solution that won over SET Ventures," according to Til Stenze, lead partner. The solution for non-residential buildings consists of an intelligent radiator thermostat that regulates room temperature individually and automatically, Integrated sensors for motion, light and sound detect whether a room is being used. The room is then heated based on self-learning algorithms. The digital thermal management system can be set up in minutes while the building is in use and without having to undertake structural or IT integration measures. The solution would allow towns and companies to reduce their energy consumption and CO2 emissions by up to 32 per cent, according to Vilisto. "You can really call the technology 'plug and play,'" Stenzel remarked.

Improving energy efficiency in building sector

"We are ready for exponential growth. Our technology has already proven its effectiveness and savings potential many times over. We want to leverage our leading position in the market to improve the energy efficiency in the building sector in Germany and the EU," said Christoph Berger, CEO of Vilisto. The start-up will invest the fresh capital in scaling up the solution and providing additional services.

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