Wattsense raises € 2.9m to deploy the new standard in building connectivity

Wattsense, a technology startup that offers a non-intrusive and fully configurable solution for connecting to building management systems and equipment (BMS), announces a fundraising of 2.3 million euros, accompanied by a non-dilutive funding of 600,000 euros, to deploy its “plug & play” solution and become the new standard for bringing buildings into the digital age.

Founded in 2017 and employing 18 people, Wattsense develops a multi-technology solution. It integrates electronics, embedded computing, and a cloud service, which allows remote communication with the technical equipment of buildings regardless of their brand, model, or age. Wattsense leading clients include Facility Management companies, PropTechs, and real estate owners, including  Bouygues energies & services, Idex, Nexity, and Spie.

This 2.3 million euro funding round was carried out thanks to Kreaxi, Demeter, Bpifrance via its  Ambition Amorçage Angels Fund (F3A) managed on behalf of the state under the Investments for the Programme d’Investissements d’Avenir (PIA), and business angels including Hélea Financière. The historical shareholders renew their support for the project under Wattsense Participation, which brings together the shareholders “love money” and Electra Invest –  with five business angels from Rhone-Alpes. Non-dilutive funding of €600K completes the financing.

More information on the press release : Communiqué – Wattsense