# Vertus Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vertus-energy

- Industry: Environmental Services
- Headquarters: Vienna, Austria
- Website: www.vertusenergy.com
- Total disclosed funding: $9.4M
- Latest round: Seed (Jun 27, 2024)
- Investors on record: 8

## About

Based in New Zealand, Vertus Energy specializes in providing sustainable energy solutions aimed at promoting energy justice, leveraging innovative technologies to enhance accessibility and affordability for underserved communities.Vertus Energy, founded in 2019 in Vienna, Austria, operates in the renewable energy sector focused on improving energy accessibility. The company was established by founders Benjamin Howard, Danilo Perez, Freddy Gonzalez, and Santiago de los Reyes. In June 2024, Vertus Energy raised EUR 8.75 million in SEED funding, led by Energy Capital Ventures with participation from several other investors, to support its growth initiatives. The company has completed 2 deals to date, including this recent funding round.Vertus Energy focuses on delivering sustainable energy solutions aimed at achieving energy justice for all. Their core offerings include innovative renewable energy technologies designed to enhance energy accessibility and affordability for underserved communities. These solutions target a variety of end-use cases, including residential energy needs, community power projects, and small-to-medium enterprise energy solutions. Vertus Energy's products are particularly relevant in urban areas experiencing energy inequities, as well as in rural regions with limited access to traditional energy sources. The company serves a diverse client base, including government entities, non-profit organizations, and private sector clients across multiple geographical markets such as North America, Europe, and select regions in Africa.Vertus Energy's revenue model is structured around a combination of direct-to-consumer sales, partnerships with governmental and non-governmental organizations, and B2B transactions with businesses seeking renewable energy solutions. The company engages in subscription-based agreements for continuous service and maintenance on its energy systems, as well as project-based pricing for larger installations and community energy projects. Clients typically enter into contractual agreements that outline payment terms based on the scale and scope of the energy solutions provided. This model supports a sustainable flow of revenue while fostering long-term relationships with clients committed to energy justice initiatives. Key products associated with this revenue stream include their flagship renewable energy systems designed to optimize energy production and usage. In 2023, the company reported an EBITDA of EUR -852,472.30.In June 2024, Vertus Energy raised EUR 8.75 million in SEED funding, which will be used to expand the deployment of their BRIO technology in commercial units, including wastewater treatment plants and large-scale biogas plants, crucial to the renewable energy ecosystem. The company aims to enhance its product offerings and market presence significantly in the coming years, focusing on specific geographic regions identified for growth.

## Funding rounds

- Seed, Jun 27, 2024, $9.4M — Amadeus Capital Partners, StartMate, Blackbird, Icehouse Ventures, Energy Capital Ventures, NOAB Ventures, Aussie Angels, Outset Ventures

## Investors

- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Seed
- StartMate (https://capitalatlas.ai/funds/startmate) — Seed
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed
- Energy Capital Ventures (https://capitalatlas.ai/funds/energy-capital-ventures) — Seed
- NOAB Ventures (https://capitalatlas.ai/funds/noab-ventures) — Seed
- Aussie Angels — Seed
- Outset Ventures (https://capitalatlas.ai/funds/outset-ventures) — Seed