# WeSmart

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

- Industry: Software
- Headquarters: Brussels, Belgium
- Website: www.wesmart.com
- Latest round: Series A (Apr 23, 2015)
- Investors on record: 1

## About

WeSmart provides innovative energy-sharing solutions through photovoltaic installations, serving small and medium enterprises (SMEs) and office buildings to optimize energy usage and promote sustainability.Founded in 2015 and headquartered in Brussels, Belgium, WeSmart specializes in energy sharing through solar panels. The company has pivoted towards building partnerships with municipalities and local businesses to enhance renewable energy access. CEO François Bordes leads the company, which raised Series A funding in April 2015 from China Materialia.WeSmart offers an innovative energy-sharing solution focusing on photovoltaic installations. The company serves SMEs and office buildings with nearly a thousand solar panels to supply clean electricity. Services include energy resale to residents, self-consumption management for businesses, and battery storage solutions, supporting cost reduction and sustainability. The energy-sharing initiative is operational in municipalities in Flemish Brabant, Belgium, in collaboration with partners such as Greenbizz and Sibelga.WeSmart's revenue model centers around energy sharing and self-consumption management, involving direct transactions with SMEs and local residents. The company enables businesses to sell excess energy generated from their solar systems to neighboring clients, fostering a circular economy. Revenue primarily comes from these energy transactions under partnerships with municipalities that support the cooperative legal entity for the project. In 2023, WeSmart reported an EBITDA of EUR 185,731.4.WeSmart plans to expand its product offerings and enter new markets. The company is designing new energy solutions expected to launch in the coming year, although specific release dates are not disclosed. Additionally, WeSmart aims to extend its services beyond Flemish Brabant to other regions in Belgium by 2025. The funds raised in April 2015 will be allocated towards these growth initiatives.

## Funding rounds

- Series A, Apr 23, 2015 — CM Venture Capital

## Investors

- CM Venture Capital (https://capitalatlas.ai/funds/cm-venture-capital) — Series A