Urbio raises $2M in an oversubscribed pre-seed financing round
Urbio Team © 2021 EPFL
Urbio, a startup from EPFL Valais Wallis who develops software to help energy providers plan the energy transition globally, has raised $2M in a pre-seed round.
Urbio, an EPFL Valais Wallis spin-off that develops software to help energy providers plan for the global energy transition, has raised $2 million in a pre-seed funding round.
Urbio accelerates the transition of utilities towards clean energy, with a novel software based on research from world-leading technical university EPFL that reduces ten-fold the time spent on design tasks. Today, customers deal with scattered data sources and manual design processes at the building scale, supported essentially by spreadsheets and fragmented tools. Urbio streamlines design and collaborative processes by generating highly customized proposals for individual buildings or entire cities.
The $2M funding, co-led by Wingman Ventures and Contrarian Ventures, will allow Urbio to hire new people, improve the commercial product, and expand its business operations in the EU. Urban Us and David Helgason, founder and former CEO of Unity Technologies, also participated in the funding round.
Urbio is excited by the diversity of these new partnerships. “Besides the capital that will support the growth of our team, we’re thrilled to count on the extensive experience in software and climate tech of our investors, as well as far-reaching international networks”, says Sébastien Cajot, CEO of Urbio. “Joining forces with such forward-thinking people represents a giant leap forward for our company. This will let us reach customers faster and with a considerably better product that is up to the challenge of the energy transition.”
February 2021: Urbio was granted a Tech Seed loan from FIT, read more
October 2020: This project was supported by the service Design and Prototyping of the Startup Unit EPFL, read more
September 2019: Urbio received a Playgrant from Tech4Impact, read more