Viboo raises 1.5 million Swiss francs
Viboo has received a total of 1.5 million Swiss francs from investors in a seed round. The young company has developed a platform for energy-efficient control of the indoor climate of buildings. The funds will be used to commercialize it.
Viboo has successfully completed a seed financing round. A total of 1.5 million was raised from investors High-Tech Gründerfonds, Swisscom Ventures and Rainmaking Impact, the spin-off of the Swiss Federal Laboratories for Materials Testing and Research (Empa) informed in a statement. "The round was oversubscribed, reflecting the strong investor confidence and interest in the company's potential to decarbonize buildings," it says.
Viboo has developed a platform for optimal energy use in buildings. The predictive-control-as-a-service platform works with self-learning algorithms that use weather and building data, as well as occupant preferences, to optimize indoor energy use. The funds raised in the financing round will be used to commercialize the platform. Here, viboo plans to focus on commercial buildings during the upcoming heating season.
"The platform and algorithms are a real revolution for existing and also older buildings," Gregor Haidl, senior investment manager at High-Tech Gründerfonds, is quoted as saying in the release. "The results of the last heating season show that viboo can make a significant contribution to decarbonizing buildings."