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Sensorfact raises €25M investment round to improve resource efficiency of industrial SMEs
Sensorfact provides an all-in-one, self-install, easy to use and cost effective solution that enables manufacturers to significantly improve resource efficiency and machine uptime through smart monitoring of electricity, gas, water, and compressed air usage, and prediction of maintenance needs. This contributes to the optimization of operations, resource efficiency, and the achievement of sustainability goals. The core USP is in the smart algorithms and productivity enablement tools the company uses to translate the data into actionable insights, with Sensorfact also providing the IoT hardware needed for the measurements.
Sensorfact, established in 2016, has over 150 employees across offices in Utrecht, Amsterdam, Berlin and Barcelona, and serves over 1,300 clients in 40+ countries.
The raised capital will be allocated towards entering new markets and optimizing Sensorfact’s current product suite, expanding the range of resource categories measured.. With this investment, Sensorfact will be able to serve industrial businesses on a global scale.
“We have already achieved remarkable energy savings for European industrial plants, underscoring our significant impact towards a net-zero future.” says CEO Pieter Broekema.
“While proud of our accomplishments so far, we are committed to broadening and deepening our product portfolio, continuously creating innovative solutions that tackle industrial waste throughout the entire production process. We aim to venture into new markets, enabling companies worldwide to monitor their production processes and achieve savings.” he continues.
In January 2022, the company had already secured a €13 million investment from prominent investment firms FORWARD.one, Korys, and SET Ventures. This latest investment round marks yet another significant milestone in Sensorfact’s journey of growth and innovation.
Pieter Broekema says: “We deeply appreciate the trust of our investors and our dedicated employees. With Blume Equity on board, we are confident that we will continue to drive innovation towards a greener and more sustainable industry even faster.”
Eleanor Blagbrough, co-founding Partner of Blume Equity, says: “Sensorfact is a fantastic company, epitomizing the kind of inherently impactful business we seek to back: Europe’s industrial SMEs need to improve their resource efficiency and this presents both a compelling impact and business opportunity. We are delighted to be partnering with Pieter and team on this next exciting stage of Sensorfact’s scale-up journey, supporting them on their continued geographic and product expansion”
Existing investors (FORWARD.one, Korys, and SET Ventures) also participated in this round. All three have a fundamental belief in the mission, and were impressed with the company’s pace of growth and their success in expanding their product offering. Existing investors are excited to continue the collaborative journey, and are looking forward to the next phase with Blume on board.
About Blume Equity
Blume Equity, the European climate-tech growth investor, is dedicated to delivering profit with purpose by supporting fast-growth European businesses addressing the climate crisis to scale. Blume works in close partnership with management teams on the growth journey, drawing upon the team’s long scale-up and sustainability experience. Blume has hubs in Amsterdam and London, plus operating partners across other key European geographies.
Korys is the investment company of the Colruyt family and creates sustainable added value in 3 ecosystems: Conscious Consumer, Healthy Living, and Energy Transition. Korys does this in partnership with entrepreneurs and companies who share its commitment to value-driven entrepreneurship and sustainability while leveraging the expertise of a highly motivated team of 30 professionals in Belgium and Luxembourg. Besides more than 20 direct investments, including Colruyt Group and Virya Energy, Korys also manages private equity funds and investments in listed instruments.
About SET Ventures
Since 2007 Amsterdam-based SET Ventures has invested in digital technology for a carbon-free energy system by backing pioneering founders with capital, community, and insights. SET Ventures invests in companies with sustainable solutions and a strong digital DNA leading the systemic change of how energy is generated, distributed, stored, and consumed in sectors such as distributed infrastructure, energy retail, buildings, mobility, and industry as well as enabling technologies.
FORWARD.one is a venture capital fund specializing in high-tech investments, primarily in hardware companies. Since becoming an investor in Sensorfact in 2019, FORWARD.one has demonstrated its commitment to supporting innovative technologies across a range of industries, including robotics, semiconductors, photonics, sensors, virtual/augmented reality, biomanufacturing, and audio technology.
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