Energy management platform Citron squeezes €20 million

Initially a consulting firm, Citron has grown into a full-on SaaS energy management system that helps digitises the energy and technical management of buildings.
Energy management platform Citron squeezes €20 million

Parisian proptech firm Citron has raised €20 million in an equity financing round that will see the company recruit some 200 individuals as it continues developing any and all solutions related to the digital management and optimisation of buildings resources.

Citron’s €20 million raise was provided by Eiffel Investment Group via Eiffel Essentiel, Entrepreneur Invest, and naturally, Bpifrance.

"We've been hearing about Smart Building technologies for years without having real mass applications. This is becoming the case today with tools like our platform,” said Citron founder Vianney Raskin.

According to the company they count Saint Gobain, Lagardère, Randstad, LeBonCoin, Cégédim, and IDEX amongst their client base, are collecting more than 10 million pieces of data per day, and managing over 70,000 buildings. 

“While 45% of energy consumption and 27% of greenhouse gas emissions are related to buildings in France, their energy efficiency is a key issue in the energy transition and is also one of the key measures of the  government's plan for sobriety,” said Eiffel Essentiel’s Céline André. “Citron addresses this issue through simple and innovative solutions that generate tangible energy savings. We are convinced  that the company has a great potential for development and impact at the  European level!" 

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.