Cleantech Startup Reonic Raises $14 Million for Solutions to Accelerate Clean Energy Deployment

Cleantech software startup Reonic announced today that it has raised €13 million (USD$14.4 million) in a Series A financing round, with proceeds aimed at supporting its offerings to help installers deploy sustainable energy solutions across Europe.

Founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Germany-based Reonic provides solutions aimed at helping SME installers address the increasingly complex renewable energy market. The company’s SaaS solution works as an operating system designed to streamline installers’ workflows, enabling them to digitalize their processes and operations.

According to Reonic, the company aims to use the new capital to expand its reach across Europe, starting with France, and to continue to grow its headcount.

Lars-Manuel Schneider, Co-Founder of Reonic said:

“Renewable technologies are one of the fastest growing markets in Europe, which is almost exclusively served by independent installers across the continent, which almost always lack digital tooling.

“Our goal is to enable these installers to compete, grow, and win. First, by creating best-in-class software as the backbone of their workflows. And second, by offering adjacent services in procurement, payment, financing, and beyond.”

The funding round was led by technology-focused venture capital fund NorthZone, with participation from existing investors Point Nine and Puzzle Ventures.

Jessica Schultz, Partner at Northzone, said:

“Reonic’s end-to-end software is precisely what installers have been searching for. It streamlines workflows and provides the digital tools necessary to manage the increasing complexity of renewable energy projects. We believe that the team with their complementary skillset is uniquely positioned to build the category-leading software solution in this space. We are excited to support Reonic as they continue to innovate and empower installers across Europe.”