Berlin-based Circadian Technologies announced that it has raised €1.25M in a funding round led by BayWa r.e. Energy Ventures alongside Rockstart, Persistent Energy Capital, Great Stuff Ventures, Tofino Capital, and Ralicap Climate.
Circadian has developed an Energy Management System (EMS) Hardware- and Software-as-a-Service (SaaS) solution for solar developers and asset owners, particularly in African grid-challenged emerging market countries.
The startup says it will use the funding to expand its SaaS data platform functionality and scale operations to immediate demand.
“We want to empower renewable energy installers and strive to be the catalyst for the mass adoption of decentralised energy in growth markets. Circadian is currently scaling across Africa, where we want to extend the team, build out the platform’s functionalities, and drive further growth. The backing of our investors will be a tremendous help for this,” says CEO Mike Rosenberg.