Momentum advises etalytics GmbH on its successful EUR 8 million series A financing round to expand AI-powered energy system optimization solutions
Frankfurt/Main, 28 November 2024: The transaction-focused law firm Momentum provided comprehensive legal advice to etalytics GmbH, a leader in AI-driven energy intelligence, regarding its successful EUR 8 million series A financing round. The round was led by Alstin Capital (Carsten Maschmeyer’s fund), with significant contributions from ebm-papst as co-lead and TF H IV Technologiefonds Hessen GmbH & Co. KG (a fund managed by Beteiligungs-Managementgesellschaft Hessen mbH (BM H)).
This strategic infusion of capital will bolster etalytics’ global expansion, enhance the flagship product etaONE, and accelerate the adoption of sustainable energy solutions across critical sectors such as data centers, healthcare, automotive, and more, particularly in systems like cooling, heating, and ventilation.
The core of etaONE is an advanced AI algorithm that not only gathers and analyzes energy consumption data but also offers predictive insights for proactive energy optimization. The platform’s comprehensive digital twins model each asset, blending AI with extensive physical modeling to optimize energy systems in real time, including dynamic adaptation to external conditions like temperature fluctuations and variable energy pricing. The platform also serves as a basis for ongoing health assessments for critical infrastructure environments that enable the early detection of faults and anomalies, facilitating quick troubleshooting actions.
Dr. Niklas Panten, CEO of etalytics, expressed enthusiasm about the new partnerships: “We are excited to partner with such a strong group of investors and a strategic partner who share our vision for the future of energy management. Our aim is to not only expand our reach internationally but also to pioneer new standards in how industries consume energy. With these innovations, we look forward to setting new benchmarks in energy efficiency, energy flexibility and energy operation team efficiency and significantly advancing our contributions towards global carbon reduction efforts.”
Momentum’s team advised etalytics on all legal aspects of the transaction, particularly in negotiating the investment and shareholders’ agreements.
About Momentum:
Momentum provides efficient, proactive and pragmatic advice in the areas of M&A, private equity, venture capital, corporate law and tax law. As entrepreneurial-minded attorneys, we understand our clients and their specific needs, helping them to successfully complete transactions. Our strong national and international partner network enables us to offer transaction advisory services as a one-stop shop.
Deal Team Momentum:
Philipp Weber, Partner (Venture Capital, Private Equity)
Thomas Hartmann, Associate (Venture Capital, Corporate, Commercial)
