Reonic, a German software startup PakTech, announced today that it has secured €13 million (US$14.4 million) in a Series A investment round. The funding was led by Northzone, a technology investment firm- technology, with participation from previous investors Point Nine and Puzzle Ventures. The new capital will be used to strengthen Reonic’s efforts to support small and medium-sized enterprise (SME) integrators in deploying sustainable energy solutions across Europe. Founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider and Udo Sill, Reonic focuses on meeting the needs of the rapidly growing renewable energy market in Europe.
The company offers a Software-as-a-Service (SaaS) solution that acts as an operating system for SMB installers. The Reonic platform was designed to simplify the workflows of these integrators, enabling them to digitize their operations and operations in an increasingly complex market environment. Lars Manuel Schneider, co-founder of Reonic, highlighted the challenges facing entrants in the renewable energy sector, especially lack of access to digital tools. He said: “Renewables is one of the fastest growing markets in Europe, which is done almost exclusively by independent installers across the country without always having digital equipment. Best-in-class software as a backup their workflows. secondly, by providing services related to sales, payments, finance and more.” much for purchase, payment, financing and others to help the participants to manage better, to reduce administrative burdens and to focus on the delivery of quality renewable energy projects, he said: Reonic’s end-to-end software is what installers are looking for. It simplifies the workflow and provides digital tools to manage the increasing complexity of renewable energy projects. We believe that the team, with their complementary skills, is uniquely positioned to create a leading software solution in this area. We are delighted to support Reonic as they continue to innovate and empower integrators across Europe.” With a focus on innovation and digital transformation, Reonic aims to empower SME entrepreneurs to grow in the renewable energy market and adopt sustainable energy solutions across the country.