Eliq AB has raised $0.5 million in seed funding from CBC Investment Group to expand its market presence through partnerships with electricity utility companies, enhancing its smart energy monitoring solutions.
Target Information
Eliq AB is a Swedish startup specializing in intelligent energy monitoring and optimization solutions for smart homeowners. Launched in 2010, the company has developed innovative technologies that enhance energy consumption awareness and efficiency through real-time monitoring services. The recent acquisition of $0.5 million in seed funding will allow Eliq to expand its market reach by partnering with electricity utility companies, thereby increasing access to its smart energy solutions for millions of households.
With its proprietary smart meter sensors and compatibility with third-party Smart Home systems, Eliq aims to provide users with comprehensive insights into their energy consumption. The company has also gained recognition in the tech industry, being named one of Sweden's fastest-growing tech firms by Deloitte.
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Industry Overview
The smart home industry in Sweden is poised for significant growth, fueled by consumer demand for energy-efficient solutions and advancements in technology. As environmental concerns continue to rise, homeowners are increasingly looking for
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CBC Investment Group
invested in
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in 2016
in a Seed Stage deal
Disclosed details
Transaction Size: $1M