# Wattsense

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

- Industry: IT Infrastructure
- Headquarters: France
- Website: www.wattsense.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Aug 28, 2019)
- Investors on record: 5

## About

Wattsense SAS is a French company focused on developing innovative building management solutions. Their technology enhances energy efficiency and operational effectiveness in buildings without requiring major renovations.Founded in 2017 in France, Wattsense SAS specializes in building management solutions that streamline the operation of facilities. The company was founded by Louis Vermorel, who previously gained experience in the technology sector. Wattsense has raised EUR 2.30 mn in its latest funding round, Series A, which was completed on October 6, 2021, involving investors such as Bpifrance Investissement and Demeter IM. The total amount raised by the company stands at EUR 2.30 mn, with a current valuation of EUR 5.81 mn.Wattsense specializes in providing innovative building management solutions primarily through its core products, Wattsense Tower and Wattsense Bridge. These products enable users to manage existing buildings efficiently without the need for major renovations or significant investments. The Wattsense Tower serves as a BMS (Building Management System) designed for simple control of small and medium-sized buildings, promoting energy management, maintenance, and occupant comfort. Wattsense Bridge allows for the collection and centralization of building data, regardless of equipment brand or model, through a multi-protocol solution that communicates with over 800 devices. The solutions cater to a diverse range of end users, including facility managers, property owners, and integrators, and are utilized in various geographical markets across Europe and North America. The offerings target specific use cases such as energy efficiency, compliance with government regulations, and operational cost reductions, demonstrating their applicability in sectors such as real estate management, commercial buildings, and hospitality.In the most recent fiscal year 2022, Wattsense generated revenue of EUR 783,670.70, with an EBITDA of EUR -1,546,694.40. Revenue is derived from a structured transaction model that includes B2B partnerships and direct sales, focusing on integrating their technology into existing building infrastructures. Clients engage by purchasing connectivity solutions, which may involve one-time installation fees alongside ongoing service agreements for maintenance and support. Although specific pricing plans are not disclosed, the revenue model centers around providing scalable solutions tailored to clients' unique building management needs, ensuring a steady stream of income from service subscriptions and software integrations.Wattsense is focused on expanding its product offerings and market reach. The company intends to design and launch new products that will enhance its building management capabilities, while specific release dates have not yet been announced. Additionally, Wattsense aims to expand into new geographic markets, particularly targeting regions in Europe and North America by 2023. The recent funding from the Series A round will be strategically utilized to support these initiatives, especially in developing new products and enhancing market penetration. Notably, in October 2021, Siemens Aktiengesellschaft acquired Wattsense SAS, aiming to expand its building products portfolio and strengthen its IoT management systems.

## Funding rounds

- Series A, Aug 28, 2019, $2.5M — Kreaxi, Demea Invest, Bpifrance Investissement, Wattsense Patricipations, Electra Invest

## Investors

- Kreaxi (https://capitalatlas.ai/funds/kreaxi) — Series A
- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Series A
- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series A
- Wattsense Patricipations — Series A
- Electra Invest — Series A