Green Fusion receives additional funding to optimize complex energy systems of buildings
- BitStone Capital, FutureProp, Marc Stilke and other angel investors expand investor base of Green Fusion in addition to existing shareholders High Rise Ventures, Vireo Ventures and other strategic angel investors.
- The funding will be used to further develop the energy management software and bring it to market, with an objective of strengthening inefficient heating systems in existing buildings to reduce CO2 emissions.
Berlin, February 2022 – Green Fusion has been able to convince further renowned investors from the proptech sector to invest in its intelligent control software. In addition to venture capital investor BitStone Capital, which invests primarily in the real estate tech sector, industry-experienced business angels and the family office FutureProp expand the investor team. The next phase of development will increasingly focus on the digitization and optimization of existing energy systems in the housing industry.
Optimize entire real estate portfolio – „Digitizing and analyzing heating systems is only the first step on the way to efficient operations,” summarizes Green Fusion co-founder and CEO Paul Hock. „In most cases, however, there is a lack of capacity and the necessary engineering knowledge to optimize the systems after evaluation, as well. Green Fusion enables remote access to all plants and, in the future, automated optimization without manual intervention on site. This can save resources, travel time and, most importantly, CO2 emissions.“
With Green Fusion’s interoperable, modular approach, monovalent systems such as gas boilers or district heating systems will increasingly be optimized and integrated into the cloud platform in the future.
Marc Stilke, Venture Partner of BitStone Capital and Business Angel, adds: „We were convinced by the combination of an excellent, complementary team and the intelligent approach to optimize hybrid energy systems in existing buildings. This is a huge market potential and a key driver of the energy transformation.“
About Green Fusion – Founded in January 2021, the startup Green Fusion develops a cloud-based energy manager for the intelligent control of heat, electricity & e-mobility. The focus here is on hybrid heating systems in buildings such as heat pumps, solar thermal systems or gas boilers and the coupling to photovoltaic systems and e-charging columns, as they are increasingly used for example in quarters. Further, the energy management software also allows existing systems to be operated more efficiently through visualization and remote control. In the future, Green Fusion will use machine learning to increase system efficiency and prevent outages with predictive maintenance. Green Fusion helps its customers to reduce CO2 emissions and operating costs, increase security of supply and reduce maintenance and operating costs. The first projects in the real estate industry have already been successfully implemented.
About BitStone Capital – BitStone Capital is a venture capital investor focusing on innovative and sustainable technology companies in the real estate and construction sector. Beyond financing, BitStone Capital catalyzes the growth of its Real Estate- and Construction-Tech portfolio companies with its extensive network, unique industry know-how and -access, as well as specific expertise in new technologies. With its investments, BitStone Capital would like to make a contribution to the sustainable and future-proof transformation of the real estate and construction industry.
Additional Angel Investors – Four additional industry experts from the energy and real estate sectors with a large network and many years of experience with technological innovations expand Green Fusion’s investor base.