Heuking advises metr on its Series A financing round – data-driven solutions for a sustainable and digital real estate industry
A team led by Ariane Neubauer, Partner at Heuking Kühn Lüer Wojtek’s Berlin office, advised metr Building Management Systems GmbH on its Series A financing round.
With WIKA Group, BraWo Group and Mujinzo Labs GmbH, metr was able to attract three new investors. In addition, existing investors, such as Next Big Thing AG and early business angels, increased their participation. Overall, metr raised over EUR 6 million.
“On the one hand, we will use the money from the Series A financing round for further product development and investments in our platform. In this way, we will further digitalize the real estate industry and thus come closer to our goal of significantly reducing CO2 emissions from buildings,” explains Dr Franka Birke, metr’s CEO & Founder. “The building sector is currently under a lot of pressure to act. The aim is to achieve climate targets, save energy and significantly increase energy efficiency, especially in existing buildings. That's why we will also use the cash injection to expand our team to meet increased demand.”
Looking back on a highly successful fiscal 2022, the young company tripled its customer base and expanded its digital platform for technical building equipment with additional partner solutions.
In view of the energy and climate crisis, metr has launched another solution to complement its remote monitoring of heating and drinking water systems: AI-supported heating optimization. According to Dr Franka Birke, it is becoming increasingly important for building owners and facility managers to reduce energy costs, to save resources and to implement efficient, safe and sustainable building management. This has also convinced the investors.
Counsel to metr Building Management Systems GmbH
Heuking Kühn Lüer Wojtek:
Ariane Neubauer (Lead; Venture Capital),
Astrid Reich (Employment),
Shimon Merkel, LL.M. (Venture Capital), all Berlin