# Ferntech

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

- Industry: Software
- Headquarters: Crailsheim, Germany
- Website: www.ferntech.io
- Latest round: Seed (Mar 13, 2019)
- Investors on record: 1

## About

Ferntech GmbH specializes in developing innovative solutions for renewable energy projects, streamlining the financing, procurement, and operational aspects to enhance project efficiency globally.Founded in 2016 in Crailsheim, Germany, Ferntech GmbH provides solutions for renewable energy projects. The company was acquired by Odyssey Energy Solutions, Inc. on September 16, 2021, aimed at enhancing its investment and asset management platform. Patrick Cousins serves as the CEO, and Joan Tarragó is the founder.Ferntech GmbH offers an end-to-end platform that facilitates financing, procurement, and operations for distributed renewable energy projects. Their tools support capital deployment, project tracking, and supply chain credit, thereby aiding solar companies in over 50 countries to manage their projects effectively.Ferntech GmbH operates through a B2B model, generating revenue by facilitating partnerships and subscriptions with over 3,000 renewable energy companies. Their software platform provides services including supply chain credit and asset management tools, essential for the management of distributed renewable energy projects.Following its acquisition in September 2021, Ferntech GmbH aims to innovate new products that will expand its service offerings. The company is focused on entering new markets across Europe and Asia by 2023, leveraging recent funding to enhance its technological capabilities and team size to better support its growth objectives.

## Funding rounds

- Seed, Mar 13, 2019 — Factore Ventures

## Investors

- Factore Ventures (https://capitalatlas.ai/funds/factore-ventures) — Seed