# Shimmer Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shimmer-industries

- Industry: Software
- Headquarters: New York, US
- Website: www.shimmerindustries.com
- Total disclosed funding: $2M
- Latest round: Seed (Aug 26, 2021)
- Investors on record: 1

## About

Shimmer Industries, based in New York, specializes in innovative technology solutions, enhancing operational efficiencies through advanced software platforms across various sectors.Founded in 2017, Shimmer Industries, Inc. provides technology solutions focused on enhancing operational efficiencies. The company was established by founder Eskil Steenberg, who has a history of entrepreneurship. In August 2021, the company raised USD 2 mn in Seed funding led by VoLo Earth Ventures, marking a significant milestone in its funding journey. This investment aims to support the company's strategic initiatives in enhancing energy efficiency and reducing operational costs for commercial clients.Shimmer Industries specializes in innovative technology solutions designed to enhance operational efficiencies across various sectors. The company’s core offerings include advanced software platforms that facilitate data analytics, supply chain management, and enterprise resource planning. These products aim to address critical challenges such as inventory optimization, real-time data access, and improved decision-making processes for their clients. Shimmer Industries serves a diverse customer base, including manufacturing firms, logistics companies, and retail enterprises, ensuring their solutions are adaptable to meet specific industry needs. Their products have been deployed in markets such as North America, Europe, and Asia, reflecting a robust international presence that underscores their capability to cater to a wide range of business environments.Shimmer Industries generates revenue primarily through a subscription-based model, allowing clients to access their software solutions on a recurring basis. This transactional structure facilitates predictable revenue streams while fostering long-term relationships with enterprise clients. The company also engages in partnerships with key industry players to enhance service offerings and expand market reach. Revenue is derived from various pricing plans that align with the specific needs of businesses, particularly for flagship products that drive significant customer engagement. By focusing on B2B transactions, Shimmer Industries effectively meets the demands of its client base, reinforcing its position as a trusted provider in the technology landscape.Shimmer Industries plans to utilize the USD 2 mn raised in Seed funding from August 2021 to accelerate the deployment of its redesigned software aimed at reducing energy and operating costs for commercial property owners and managers. The company is also focusing on expanding its market presence in North America, Europe, and Asia, with specific product launches anticipated in the upcoming 12 months to address these regions' unique operational challenges.

## Funding rounds

- Seed, Aug 26, 2021, $2M — VoLo Earth Ventures

## Investors

- VoLo Earth Ventures (https://capitalatlas.ai/funds/volo-earth-ventures) — Seed