The start-up encentive has raised 2.7 million euros in fresh capital in a seed financing round for its AI-based industrial solution for optimised energy management. The group of investors is led by Summiteer, with other backers including Smart Infrastructure Ventures, Vireo Ventures, Interface Capital and OMA Ventures as well as well-known business angels such as former national football player Mario Götze.
A Taylor Wessing team led by Berlin partners Dr Armin Bartsch and Dr Gregor Schmid advised encentive on all legal issues in the context of the financing round.
Founded in 2019, the Neumünster-based company offers an innovative platform that uses AI-based data analysis and automation to optimise energy consumption in industry and logistics. The platform connects all relevant systems and creates a new way to efficiently manage energy consumption, reduce costs and drive decarbonisation at the same time. The encentive software solution is already being used successfully in the food industry and refrigerated logistics in particular.
The financing will primarily be used to expand the offering, extend the reach to other sectors and also to grow in terms of personnel.
Legal advisor encentive GmbH
Taylor Wessing Germany: Dr Armin Bartsch (joint lead, Salary Partner, M&A/Venture Capital),
Dr Gregor Schmid (joint lead, Partner, Technology, Media & Telecoms),
Christopher Hildebrandt (Senior Associate),
Felix Paul (Professional Support Lawyer), both M&A/Venture Capital,
Nico Jänicke (Partner, Employment, Pension & Mobility),
Dr Eva Surowiecki (Senior Associate, Technology, Media & Telecoms), all Berlin,
Dr Philipp Krusemarck (Salary Partner, IP, Munich).