AQTON SE, Innogy SE and LG Electronics participated in Kiwigrid’s third and so far, largest financing round including a double-digit million euro investment. Kiwigrid operates an Energy IoT industry platform and develops products building on that platform.
While AQTON significantly increased its share, the Startup attained Innogy and LG as new investors. The existing venture capital Investors High-Tech Gründerfonds and Innogy Venture Capital divested their entire shareholdings within this financing round.
Quarton International acted as the exclusive investment banking advisor to Kiwigrid. The transaction brings together strategic partners from different industries who will strengthen Kiwigrid’s international distribution power and opens further possibilities for cooperation regarding new products.
Kiwigrid GmbH, a leading Energy IoT solution operator, addresses “the greatest challenges for the future energy network: connectivity, interoperability and smart communication of decentralized energy systems. For this purpose, an industrial platform is required which integrates, controls and automates the generation, consumption and storage of decentralized energy systems. Together with our investors, we want to drive the development of this platform worldwide and thus establish a standard,” says Dr.-Ing. Carsten Bether, founder and CEO of Kiwigrid.