# Cleanwatts

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cleanwatts

- Industry: Software
- Headquarters: Portugal
- Website: www.cleanwatts.energy
- Total disclosed funding: $28M
- Latest round: Series A (Jun 28, 2022)
- Investors on record: 2

## About

Based in Coimbra, Portugal, and founded in 2020 by CEO Michael Pinto, CTO Jorge Landeck, CIO Luisa Matos, James McDougall, and Basilio Simoes, Cleanwatts, S.A. provides operating system SaaS (software-as-a-subscription)-based platform designed to aggregate small and medium energy loads, such as chillers, boilers, heaters, batteries, EV chargers, and distributed generation systems. In June 2022, Cleanwatts raised EUR 26 million in a Series A funding led by Verdane Capital Advisors. As of June 2022, the company employs about 70 employees.

The company provides Kiplo, an energy markets platform that includes three modules Kiplo® Energy Communities, Kiplo Flexibility Management, and Kiplo Energy Markets used to aggregate small and medium energy loads. The firm also offers Kisense, a meter efficiency and optimization engine technology used by commercial and industrial enterprises, including energy consumers and prosumers. In addition, Cleanwatts also provides Kiome, a platform that offers energy management, visualization, and control to tenants and homeowners in respect of their energy generation, consumption, and storage, along with offers tariff-based forecasting, basic analytics, historical reporting, and saving opportunities.

Cleanwatts plans to use its proceeds from June 2022 funding to expand and accelerates its product offering in target markets, further develop its Cleanwatts™ OS to anticipate evolving needs in local energy markets, assess merger and acquisition possibilities, meet growing market demand for its services, and hire about 40 employees over next 6-12 months.

## Funding rounds

- Series A, Jun 28, 2022, $27M — Verdane
- Seed, Jan 19, 2021, $0.7M — Portugal Ventures

## Investors

- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Seed
- Verdane (https://capitalatlas.ai/funds/verdane) — Series A