# Kyotherm

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

- Industry: Financial Services
- Headquarters: Paris, France
- Website: www.kyotherm.com
- Total disclosed funding: $31M
- Latest round: Series A (Sep 24, 2020)
- Investors on record: 5

## About

Kyotherm SAS is a Paris-based company that specializes in financing solutions for industrial decarbonization projects, assisting enterprises in transitioning to sustainable energy sources through tailored contracts.Founded in 2011 and headquartered in Paris, France, Kyotherm SAS focuses on financing industrial decarbonization projects. The company has successfully completed 9 deals, with the most recent closing on April 4, 2022. In this round, Kyotherm raised EUR 6.18 million from investors including Bpifrance Investissement, Ciclad, Johes SAS, Noria, and StarQuest. The firm is led by CEO Arnaud Susplugas, who brings extensive experience to the company's operations.Kyotherm specializes in providing comprehensive financing solutions for industrial decarbonization projects. Their core offerings include financing total investment costs through heat supply and energy performance contracts, facilitating the shift to lower carbon energy sources. The company supports project co-development by leveraging its expertise, allowing industrial energy consumers to mitigate operational risks. Kyotherm serves a diverse clientele, including energy service companies and project developers, and has successfully executed 63 projects across 13 countries, demonstrating a robust international presence in Europe and parts of Asia.In 2023, Kyotherm reported a revenue of EUR 1,274,105.30, with an EBITDA of EUR -1,427,111.50 for the same year. The company generates revenue through long-term contracts providing financing for decarbonization projects, typically structured over 7 to 25 years, ensuring manageable costs for clients while aligning with the operational needs of energy solution providers.Following their recent funding round on April 4, 2022, where Kyotherm raised EUR 6.18 million, the company plans to invest in and promote the long-term profitability of energy efficiency projects. Kyotherm aims to expand into new markets, though specific regions have not been disclosed. Funding will support the development and implementation of new products designed to enhance their service offerings in the decarbonization space.

## Funding rounds

- Series A, Sep 24, 2020, $5.3M — Ciclad, Bpifrance Investissement, Noria
- Series A, Apr 25, 2019, $13M — Ciclad, StarQuest, Bpifrance Investissement, Noria
- Series A, Jan 29, 2019, $2.7M — StarQuest
- Series A, Apr 18, 2018, $3.5M — StarQuest
- Series A, Apr 8, 2016, $4.9M — StarQuest, Noria, Johes SAS
- Series A, Apr 9, 2013, $1.4M — StarQuest

## Investors

- StarQuest (https://capitalatlas.ai/funds/starquest) — Series A
- Noria — Series A
- Johes SAS — Series A
- Ciclad (https://capitalatlas.ai/funds/ciclad) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A