NEON advises VARM on € 5.7 million Series Seed financing round

17 July 2024 | NEON has advised VARM on their € 5.7 million Series Seed financing round. The financing round was led by Emerge and Pale Blue Dot, with additional support from existing investors noa (formerly A/O), Foundamental, and several angel investors.

VARM, founded by Christian Gruener and Sebastian Wuerz, is focused on addressing the insulation skills gap in Europe by connecting trained installers with homeowners. This initiative aims to reduce carbon footprints and enhance energy efficiency, thereby contributing to Europe’s decarbonization efforts.

The capital raised will be used to advance VARM’s mission to revolutionize insulation across Europe. This includes scaling their operations, expanding their network of trained installers, and further developing their technology to improve energy efficiency and sustainability in homes.

Background:

NEON has extensive experience advising clients in the climate technology industry, helping innovative startups such as VARM to achieve their strategic goals.