# Neoom International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neoom-international

- Industry: Renewable Energy
- Headquarters: Austria
- Website: www.neoom.com
- Total disclosed funding: $44M
- Latest round: Series B (May 24, 2023)
- Investors on record: 3

## About

Based in Österreich, Austria, and founded in 2018 by its CEO Walter Kreisel, and CFO Philipp Lobnig, Neoom International GmbH is an energy company that provides solutions for the generation, storage, and management of electricity. In May 2023, Neoom International GmbH raised EUR 16 million in series B funding from B&C Innovation Investments and ING Wholesale Banking. As of May 2023, the company operates in four locations, including Freistadt, Vienna, Nuremberg, and Zurich.

Neoom International GmbH's flagship product is the power storage unit, which allows users to store the electricity they generate from their solar panels. It empowers households to increase their self-consumption of clean energy, and lower their electricity bills. The company's advanced energy management system, accessible through the Neoom app, provides users with real-time insights into their decentralized energy system and enables control of their energy devices. In addition to serving private households, Neoom caters to the needs of commercial customers and solar installers by offering photovoltaic systems and networking hardware. The company also facilitates the formation of energy communities, allowing participants to trade green electricity and benefit from shared resources.

The company plans to use the series B funding to support the development of its products and software solutions.

## Funding rounds

- Series B, May 24, 2023, $17M — ING Wholesale Banking, B&C Innovation Investments
- Series B, Feb 22, 2023, $26M — ING Wholesale Banking, Summiteer

## Investors

- ING Wholesale Banking (https://capitalatlas.ai/funds/ing-wholesale-banking) — Series B
- Summiteer (https://capitalatlas.ai/funds/summiteer) — Series B
- B&C Innovation Investments (https://capitalatlas.ai/funds/b-c-innovation-investments) — Series B