Zurich-based energytech firm Exnaton, which develops an AI-driven intelligence platform for utilities, has raised an undisclosed Series A round co-led by 4impact Capital and Elevator Ventures, as Vestbee was told.
- Established in 2018 by Liliane Ableitner, Arne Meeuw, and Anselma Wörner, exnaton develops an AI-driven intelligence platform for utilities that enables the rapid creation, deployment, and management of renewable energy products.
- The platform operates as a modular, white-label SaaS solution, automating complex billing workflows, energy consumption and production data analysis, and the integration of decentralized energy resources.
- Its functionality includes dynamic tariffs, energy sharing for communities, smart charging of electric vehicles, and flexible prosumer billing, all while interfacing seamlessly with existing ERP systems.
- The system processes large volumes of operational data to optimize energy distribution, improve efficiency, and reduce costs, allowing utilities to introduce innovative energy solutions quickly without overhauling existing IT infrastructure.
- To date, over 50 utilities in five European countries, including eprimo, Bayernwerk, Burgenland Energie, naturstrom, Tiroler Wasserkraft, energieAG, energis, enersuisse, SAP, Elli, VSE, and Prokon.
Details of the deal
- The Series A round was co-led by Dutch-based VC firm 4impact capital and Elevator Ventures, with participation from existing investors True Ventures and Übermorgen Ventures.
“exnaton’s platform is a key enabler of the digital energy transition. By combining deep research expertise with strong execution, the team has built technology that empowers utilities to innovate faster, operate more efficiently, and accelerate decarbonization. We are proud to support Liliane, Arne, and Anselma as they scale their impact across Europe," says Yasmin Venema, Principal at 4impact capital.
- Exnaton will use the Series A funding to expand its presence across Europe, advance the AI capabilities of its energy intelligence platform, and strengthen collaborations with utility partners.
- The investment will also support its market rollout and operational growth, enabling the company to deliver smarter, more efficient digital solutions for the evolving energy sector.
