EIT InnoEnergy

Founded in 2010, EIT InnoEnergy is a leading European innovation engine focused on Sustainable Energy. It invests in early-stage climate tech and energy companies across Europe and the US, providing equity minority investments and added value services to de-risk projects.

Mikel Lasa

Managing Director

Lowina Lundström

CEO

Christian Müller

CEO, KIC InnoEnergy Germany

Diego Pavía

CEO

Jacob Ruiter

Co-CEO, Benelux and Executive Board Member

Past deals in Internet of Things

Eneida

Series B in 2024
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Bin-e

Venture Round in 2024
Bin-e is a company based in Poznan, Poland, founded in 2015, that specializes in smart waste management solutions. It has developed an AI-based smart waste bin designed for use in various environments such as offices, shopping malls, train stations, and airports. The bin automatically sorts and compresses waste, utilizing advanced recognition software to identify and categorize materials such as plastics, glass, and bioproducts. It features an integrated IoT platform that provides real-time data on fill levels and operational statistics, allowing for efficient waste management and optimization of collection routes. Additionally, the system notifies waste collection services when the bin is full, contributing to resource-efficient recycling and supporting the transition to a circular economy. Bin-e's innovative solution enhances recycling efforts while reducing the carbon footprint associated with waste transport.

QIEN

Venture Round in 2024
Qien is an IT services and consulting firm specializing in energy management solutions. The company has developed a building management system that utilizes self-learning software to monitor and optimize the energy consumption of various devices. Its smart energy system employs an intelligent algorithm to forecast energy demand based on local weather conditions, allowing clients in the real estate sector to effectively navigate the challenges posed by fluctuating indoor environments. By ensuring the optimal distribution of sustainable energy, Qien supports its clients in enhancing climate control and improving overall energy efficiency.

Routal

Venture Round in 2024
Routal provides learning AI software solutions for logistics services and field operations. SmartMonkey software learns from a company’s operational and logistics digital history, utilizing existing technology and knowledge as well as IoT methodologies to ensure accuracy in data poor environments.

Energiot

Seed Round in 2023
Energiot specializes in engineering services focused on energy harvesting. They develop autonomous, miniaturized wireless sensor nodes that convert ambient energy into electricity using piezoelectric materials.

Candam

Venture Round in 2023
Candam is a technology company in the waste management solutions sector developing real-time packaging material recognition and waste sorting technology. It has developed a patented Smart Ring that identifies all types of packaging materials using acoustic techniques and AI, enabling more accurate waste sorting and efficient collection. The company also offers a waste management platform that uses secure acoustic edge AI for smart containers to increase recycling rates, support the circular economy, and address plastic waste in urban environments, with applications including pharmaceutical waste management.

Ngenic

Post in 2021
Ngenic is an independent energy technology company focused on digitizing and streamlining energy systems. Its smart thermostat system enables remote management via mobile, computer, or tablet and helps users reduce energy waste by up to 15%. The company serves energy companies, property owners, tenant-owner associations, and homeowners, offering a solution that integrates into existing infrastructures to optimize heating and energy use. Ngenic aims to improve energy efficiency through digital controls and analytics, enabling customers to monitor consumption, adjust settings, and realize cost savings. By combining intelligent hardware and software, Ngenic supports both residential and commercial applications, delivering measurable efficiency improvements and contributing to grid stability and sustainability objectives.

Sensorfact

Series A in 2021
Sensorfact offers an intelligent energy management system for industrial and SME operations. It uses low-cost, non-intrusive wireless sensors to measure real-time energy consumption, monitor energy flows, and track savings. The platform provides reporting, analysis, and full integration of data to enable actions that reduce energy use, cut energy bills, and lower carbon emissions. It is designed as a practical sustainability advisor, translating efficiency goals into clear, actionable steps without relying on complex equipment or software. Founded in 2016 and headquartered in Utrecht, Netherlands, Sensorfact focuses on making energy management straightforward for manufacturing and related sectors.

Routal

Series A in 2021
Routal provides learning AI software solutions for logistics services and field operations. SmartMonkey software learns from a company’s operational and logistics digital history, utilizing existing technology and knowledge as well as IoT methodologies to ensure accuracy in data poor environments.

Eneida

Series A in 2020
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Smartive

Seed Round in 2020
Smartive is a Barcelona-based company founded in 2013 that specializes in the development of intelligent platforms aimed at enhancing the operation and efficiency of the energy market, particularly in the wind energy sector. The company offers a range of advanced services, including real-time SCADA data processing and diagnostic solutions for wind turbines. Smartive's technology employs artificial intelligence, cloud computing, and data mining algorithms to deliver cost-effective and precise monitoring systems. Its products include tools for supervision, monitoring, and performance optimization, as well as user-friendly interfaces that provide accurate real-time data analysis accessible via web-connected devices. Committed to sustainable growth and the promotion of renewable energy, Smartive plays a significant role in advancing energy efficiency within the industry.

AMPnet

Seed Round in 2020
AMPnet is a technology company that offers a comprehensive suite of tools designed for cooperatives to efficiently manage various aspects of their operations. This includes payment processing, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution, featuring web applications and mobile apps for both iOS and Android platforms. AMPnet also incorporates blockchain technology to facilitate secure payments and governance, along with an open-source specification for smart meter hardware. By offering a straightforward, turnkey solution, AMPnet aims to minimize onboarding complexity and reduce operational costs for its clients. Additionally, the company is involved in developing decentralized finance solutions that enhance asset management and protect decentralized financial assets, providing businesses with advanced blockchain infrastructure.

Sensorfact

Seed Round in 2020
Sensorfact offers an intelligent energy management system for industrial and SME operations. It uses low-cost, non-intrusive wireless sensors to measure real-time energy consumption, monitor energy flows, and track savings. The platform provides reporting, analysis, and full integration of data to enable actions that reduce energy use, cut energy bills, and lower carbon emissions. It is designed as a practical sustainability advisor, translating efficiency goals into clear, actionable steps without relying on complex equipment or software. Founded in 2016 and headquartered in Utrecht, Netherlands, Sensorfact focuses on making energy management straightforward for manufacturing and related sectors.

Beedata Analytics

Seed Round in 2020
Beedata Analytics is a spin-off of the BEE Group, focused on providing big data solutions for small and medium energy retailers. Founded in 2017, the company leverages over a decade of research in the European energy market to develop an open-source platform that facilitates customer engagement and business intelligence. This platform transforms smart meter data into actionable insights, addressing both customer information needs and internal business intelligence requirements. By offering advanced data analytics, Beedata enables energy companies to enhance customer loyalty, improve energy awareness, increase the productivity of sales and service teams, and optimize their business development efforts.

AEInnova

Series A in 2020
AEInnova develops autonomous industrial monitoring devices for predictive maintenance. Its flagship device InduEye is battery-free, self-powered, and capable of edge computing for real-time vibration, thermal, and steam-trap monitoring, powered by waste heat with optional solar or wind energy. It uses LoRaWAN or NB-IoT/LTE-CAT M for communications and streams data to cloud dashboards with analytics, alarms, and environmental impact analysis. The system aims to reduce downtime and maintenance costs through non-invasive, self-sustaining monitoring. Certifications include CE and ATEX/IECEX, with FCC ongoing. The technology is deployed across sectors such as oil and gas, aluminium, steel, paper, rubber, water treatment, and energy, with customers including Repsol, Cepsa, ArcelorMittal, Enel, and others. AEInnova has been recognized as a leading EU scale-up with multiple awards and EC funding, and participates in EU R&D initiatives related to energy harvesting and high-temperature IoT.

Betterspace

Series A in 2019
Betterspace is a provider of comprehensive digital solutions tailored for the hotel industry. The company focuses on enhancing hotel management through a platform that integrates smart assistants for guest communication and energy management systems, including intelligent room control. By leveraging this technology, Betterspace aims to simplify the daily operations of hoteliers, ultimately leading to increased revenue, reduced operating costs, and streamlined processes. Their holistic approach to digitization supports hotels in improving efficiency and enhancing the guest experience.

AMPnet

Seed Round in 2019
AMPnet is a technology company that offers a comprehensive suite of tools designed for cooperatives to efficiently manage various aspects of their operations. This includes payment processing, invoicing, smart metering, demand side management, crowdinvesting, and community governance. The company provides an integrated hardware and software solution, featuring web applications and mobile apps for both iOS and Android platforms. AMPnet also incorporates blockchain technology to facilitate secure payments and governance, along with an open-source specification for smart meter hardware. By offering a straightforward, turnkey solution, AMPnet aims to minimize onboarding complexity and reduce operational costs for its clients. Additionally, the company is involved in developing decentralized finance solutions that enhance asset management and protect decentralized financial assets, providing businesses with advanced blockchain infrastructure.

Bin-e

Seed Round in 2019
Bin-e is a company based in Poznan, Poland, founded in 2015, that specializes in smart waste management solutions. It has developed an AI-based smart waste bin designed for use in various environments such as offices, shopping malls, train stations, and airports. The bin automatically sorts and compresses waste, utilizing advanced recognition software to identify and categorize materials such as plastics, glass, and bioproducts. It features an integrated IoT platform that provides real-time data on fill levels and operational statistics, allowing for efficient waste management and optimization of collection routes. Additionally, the system notifies waste collection services when the bin is full, contributing to resource-efficient recycling and supporting the transition to a circular economy. Bin-e's innovative solution enhances recycling efforts while reducing the carbon footprint associated with waste transport.

Eneida

Seed Round in 2018
Eneida Wireless & Sensors, SA is a company based in Coimbra, Portugal, specializing in the development of solutions for optimizing electric grid assets. Founded in 2012, Eneida focuses on creating smart sensors and artificial intelligence applications to enhance the resilience and efficiency of low voltage networks. Its key offerings include a Low Voltage Monitoring system that alerts staff to equipment failures, Theft Avoidance Smart Systems to combat theft in secondary distribution substations, and a Smart Flooding Solution to prevent flooding in underground installations. Additionally, the company provides monitoring and control solutions for Rural PV Parks, enabling real-time oversight of equipment and production in remote areas. Eneida's collaborative energy IoT platform, known as Deep Grid, integrates smart sensor networks with data analytics to facilitate the optimization of grid-critical assets, aiming to support electric utilities in delivering reliable and affordable energy.

Bin-e

Seed Round in 2018
Bin-e is a company based in Poznan, Poland, founded in 2015, that specializes in smart waste management solutions. It has developed an AI-based smart waste bin designed for use in various environments such as offices, shopping malls, train stations, and airports. The bin automatically sorts and compresses waste, utilizing advanced recognition software to identify and categorize materials such as plastics, glass, and bioproducts. It features an integrated IoT platform that provides real-time data on fill levels and operational statistics, allowing for efficient waste management and optimization of collection routes. Additionally, the system notifies waste collection services when the bin is full, contributing to resource-efficient recycling and supporting the transition to a circular economy. Bin-e's innovative solution enhances recycling efforts while reducing the carbon footprint associated with waste transport.

vilisto

Seed Round in 2017
vilisto develops self-learning heating control systems and thermostats for offices and other large facilities. The core product combines thermostats with presence detection and room climate sensors, digital heating management software, and a centralized web portal for property portfolio control. The self-learning algorithms automatically adjust temperatures to reduce energy use and CO2 emissions while maintaining occupant comfort, enabling automated demand-based heating. The system is suitable for offices, schools, public facilities and heritage sites, and aims to simplify energy savings for building operators. The company was founded in 2016 and is based in Hamburg, Germany.

Sepin

Seed Round in 2016
Sepin is a developer of a utility platform that assists energy providers in navigating digital transformation. Their SEPIN Utilities Platform combines enterprise software with IoT capabilities, enabling utilities to digitize and streamline business and operational processes. This platform provides accurate, real-time data from a single source, accessible to all users across various departments including billing, marketing, and sales. Additionally, Sepin's platform enhances customer experience through mobile applications and features a gamification module, fostering engagement and interaction. By leveraging their technology, utility companies can achieve greater efficiency and competitiveness in an evolving industry landscape.

Enoware

Seed Round in 2015
Enoware specializes in mobile sensor systems designed for the geothermal energy sector. The company offers a miniaturized geothermal measuring capsule that enhances the efficiency and quality of geothermal probes. Its technology allows users to access vital environmental data through an online portal and smartphone application, facilitating system monitoring, optimization, and operational safety. With over 300,000 geothermal probes currently in operation in Germany and an annual addition of 20,000 new systems, Enoware is positioned to expand its customer base and contribute to the growing demand for sustainable energy solutions.

Sadako Technologies

Seed Round in 2015
Sadako Technologies, S.L. is a company based in L'Hospitalet de Llobregat, Spain, that specializes in artificial intelligence and robotics for waste management. Founded in 2012, the company develops advanced software solutions and devices designed to enhance waste processing through deep learning and computer vision technologies. Their innovative system incorporates proprietary algorithms and a multi-layer neural network, enabling robots to accurately sort and manage complex waste streams. This technology aims to improve the efficiency of waste treatment facilities and contribute to a cleaner, more sustainable environment. Sadako Technologies is recognized for its commitment to innovation, having received the “Seal of Excellence Certificate” from Horizon 2020 and accreditation as an “Innovative SME” by the Spanish Ministry of Economy. The company's name pays tribute to Sadako Sasaki, a symbol of courage and hope, reflecting the company's values and mission to create impactful solutions for society.

AEInnova

Private Equity Round in 2014
AEInnova develops autonomous industrial monitoring devices for predictive maintenance. Its flagship device InduEye is battery-free, self-powered, and capable of edge computing for real-time vibration, thermal, and steam-trap monitoring, powered by waste heat with optional solar or wind energy. It uses LoRaWAN or NB-IoT/LTE-CAT M for communications and streams data to cloud dashboards with analytics, alarms, and environmental impact analysis. The system aims to reduce downtime and maintenance costs through non-invasive, self-sustaining monitoring. Certifications include CE and ATEX/IECEX, with FCC ongoing. The technology is deployed across sectors such as oil and gas, aluminium, steel, paper, rubber, water treatment, and energy, with customers including Repsol, Cepsa, ArcelorMittal, Enel, and others. AEInnova has been recognized as a leading EU scale-up with multiple awards and EC funding, and participates in EU R&D initiatives related to energy harvesting and high-temperature IoT.

ThermoSmart

Pre Seed Round in 2010
ThermoSmart is a Dutch company that specializes in the development of a user-friendly Wi-Fi thermostat aimed at energy conservation. The thermostat operates independently from energy suppliers and boiler installers, allowing users to manage their home heating efficiently. It can be controlled via an online diary or directly from a smartphone, providing convenience and flexibility. By focusing on ease of use and energy savings, ThermoSmart offers a solution that helps consumers reduce their heating costs while maintaining comfort in their homes.
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