Pre-seed capital for Exnaton

Business angels from the energy and ICT sector have contributed to the pre-seed round for Exnaton, the Zurich based startup developing products for the energy sector using energy data, algorithms and apps. The funding will be used to accelerate the go-to-market in the D-A-CH region.

Exnaton was founded in 2020 as an ETH spinoff with the mission of reshaping the energy sector with data and apps. The company’s first product “PowerQuartier” is a software platform that enables energy providers to set up energy communities in their distribution areas to facilitate local peer-to-peer renewable energy transactions. For instance, household A can buy green electricity directly from their neighbour in household B who owns a solar system. That way, investing in renewable energy is easy and fun, and demand and supply for the power company is optimised on a local level.

Exnaton sells “PowerQuartier” in a software-as-a-service model to energy providers - guiding them into the digital energy world. The trading platform lays the groundwork for digital services for end consumers, like personalised analytics and the remote access to distributed energy resources like battery storage systems.

The first energy companies in Switzerland and Austria are already on board as customers. Thanks to the new capital obtained through its pre-seed financing round, Exnaton plans to increase its footsteps in different markets within the D-A-CH region.

Gaining traction with an experienced team
The three co-founders Liliane Ableitner, Arne Meeuw, and Anselma Wörner originally met during their PhD studies at ETH Zurich and the University of St. Gallen, during which they built Switzerland’s first local energy community in the Quartierstrom project. They combine in-depth knowledge around energy consumer technology, data science and deep tech. Two of the co-founders were featured on the 2020 Forbes DACH 30 UNDER 30 list. Kurt Lüscher, ex-CEO of Energie360° has recently joined the startup as the first external board member.

(Press release/RAN)
Photo: Team Exnaton L-R: Liliane Ableitner, Arne Meeuw and Anselma Wörner