# Interel

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

- Industry: Business Support Services
- Headquarters: Dubai, United Arab Emirates
- Website: http://www.interelme.com
- Total disclosed funding: $8.9M
- Latest round: Series A (Mar 19, 2021)
- Investors on record: 1

## About

Interel is a leading provider of smart building solutions, specializing in energy management and guest room control systems for luxury hospitality environments.Founded in 1984 and headquartered in Dubai, United Arab Emirates, Interel focuses on smart building technologies, particularly in energy and guest experience management. The company has successfully raised a total of USD 4.13 mn through its latest funding round, Series A, completed on March 19, 2021, with Jolt Capital as the investor. The firm has executed 2 distinct deals in its history.INTEREL specializes in advanced smart building solutions for the luxury hospitality sector, offering products such as INTEREL OS. This operating system integrates over 100 features to optimize energy usage and enhance guest experiences with control over lighting, temperature, and curtains. Utilizing the award-winning IoT infrastructure, connectBsmart, INTEREL connects devices across properties, facilitating efficient management for hotels, resorts, and residential complexes primarily in Europe, North America, and the Asia-Pacific region.INTEREL generates revenue from direct sales of its hardware and software solutions, alongside subscription services for ongoing support and updates. The business model is primarily B2B, forming partnerships with hotel chains and property management firms to provide tailored solutions. These arrangements often involve long-term contracts covering installation and maintenance, which allows clients to access the latest features without incurring additional costs. Key products like the EOS Smart Thermostat play an integral role in the company's revenue structure.Interel is planning to leverage its recent funding of USD 4.13 mn raised in March 2021 from Jolt Capital to expand its product offerings and market reach. The company is focusing on developing new smart building solutions aimed at enhancing energy efficiency and guest interaction, with launches expected in the upcoming year. Additionally, Interel aims to penetrate new markets in the Middle East and Southeast Asia by 2023, aligning its growth strategy with the increasing demand for sustainable building technologies.

## Funding rounds

- Series A, Mar 19, 2021, $4.1M — Jolt Capital
- Series A, Aug 28, 2017, $4.8M — Jolt Capital

## Investors

- Jolt Capital (https://capitalatlas.ai/funds/jolt-capital) — Series A