NEON advises COMGY on € 15 million Series B financing round of Discovergy

15 December 2021 | Directly following COMGY’s €25 million Series B financing round, NEON has advised COMGY on the €15 million Series B financing round of smart metering full-service provider Discovergy . Digital metering startup COMGY joins Discovergy as lead investor.

Together, the two innovation drivers COMGY and Discovergy want to leverage new efficiency potential in the building sector by integrating metering and submetering, thereby accelerating the energy revolution. With a 360-degree offering that provides everything from a single source – from metering procurement and installation to metering point operation, data management and billing to real-time visualization of consumption data – the two partners are already achieving savings of at least 30 percent across all consumption sources in buildings in pilot projects. Start-up costs are quickly amortized, and climate protection is supported. The platform is flexibly available as a white-label solution (SaaS) for third parties (real estate and energy industry, metering service providers).

COMGY was founded in 2017 by Ruben Haas, Lukas Krauter and Simon Stürtz as a provider of smart metering services and now manages over 60,000 residential and commercial units in Germany and the EU with 60 employees.

As a leading full-service provider of smart metering solutions, Discovergy has been making a sustainable contribution to the success of the energy revolution with its products and services since 2009 and counts municipal utilities, energy suppliers and network operators as well as mobile network providers among its customers, in addition to energy consumers.

Background:

The NEON team has been advising COMGY on an ongoing basis, most recently as part of the €25 million Series B financing round in November of this year. The contact with the company came about through the advice of SIGNA Innovations as lead investor in the Series A financing round. We are pleased to be able to further expand and strengthen our client relationship with COMGY.