Berlin’s SaaS platform for green utilities has raised €6.5 million in Series B round led by First Imagine! and New Kraftwerk Technology, funded mainly via the family office of Tom Wolf. Existing investors Future Energy Ventures and IBB Ventures also participated in the round. Lumenaza reports that the fresh influx of capital will be used to further enhance the platform and services as well as drive marketing efforts.
Founded in 2013 by Bernhard Bohmer and Christian Chudoba, Lumenaza is targeting emerging green energy companies with the ability to scale and diversify their offering by deploying new services rapidly. The platform the entire customer life cycle for electricity products and provides for advance billing, a product catalogue, and a virtual power plant. The product catalogue ensures simple and fast configurations of green energy offerings and prices, and the virtual power plant seeks to maximise the value of just about every renewable asset.
Lumenaza has been built to operate with multiple players, and pilot programmes have been executed in Sweden, the UK, and the company’s current priority market, Spain.
"Continuing the trend happening in the banking or insurance industries, where high-tech software companies have been enabling existing and new players to innovate without having to deal with all the technological and regulatory complexities, Lumenaza is a pioneer in bringing the same concept to the energy sector,” comments Future Energy Venture’s Jan Palasinski.