Swiss-based Exnaton raises Series A funding to grow its energy management platform across Europe

Zurich-based Exnaton, an AI platform for utilities, has raised a Series A funding round to expand in Europe and develop its platform.

Zurich-based Exnaton, a software company empowering utilities to lead the renewable energy transition, has raised a Series A funding round to support its European expansion and strengthen customer partnerships. The funding amount, however, remains undisclosed.

The round was co-led by 4impact capital and Elevator Ventures, with participation from existing investors True Ventures and Übermorgen Ventures.

Magdalena Chalas, Investment Manager at Elevator Ventures, says, “At Elevator Ventures, we recognise the role of energy communities and prosumers as a key trend shaping the future of the energy sector.”

“We are glad to back a talented team through our investment in Exnaton, which will drive innovation in flexible billing solutions for decentralised energy ecosystems. We are sure that their expertise will be essential in supporting the next generation of real-time energy management.”

Capital utilisation

Exnaton develops digital tools that help utilities create and manage energy solutions using data. As energy systems change and become more decentralised, the company supports utilities in adapting to new customer needs, regulations, and market conditions while maintaining their existing IT systems.

The funds will support Exnaton’s growth in international markets and the development of new AI features in its platform. By joining forces with 4impact capital and Elevator Ventures, the company aims to extend the reach of its platform across Europe.

Anselma Wörner, co-founder and COO of Exnaton, says, “AI is transforming the way we manage energy. With this funding, we will accelerate our go-to-market strategy, enhance our customer-facing operations, and make our software even smarter — from fine‑grained personalised billing to intelligent management of decentralised flexibilities.”

“Our goal is to build user‑friendly products that make investing in renewables so compelling that everyone participates and helps drive the transformation our society urgently needs.”

Yasmin Venema, Principal at 4impact capital, adds, “Exnaton’s platform is a key enabler of the digital energy transition. By combining deep research expertise with strong execution, the team has built technology that empowers utilities to innovate faster, operate more efficiently, and accelerate decarbonisation. We are proud to support Liliane, Arne, and Anselma as they scale their impact across Europe.”

An intelligence platform for new energy

Founded in 2020, Exnaton builds an AI-driven billing platform for utilities. Its modular SaaS platform automates billing tasks, manages dynamic energy pricing, supports community energy projects and smart charging, and offers tools for real-time data analysis.

The company’s platform connects with existing ERP systems and uses AI to automate workflows related to billing, energy use, and production data. This helps utilities lower operational costs, improve efficiency, and strengthen customer engagement.

Currently, more than 50 utilities across Europe use Exnaton’s platform to manage digital energy systems. Clients include TotalEnergies in Belgium, eprimo and Bayernwerk in Germany, and Burgenland Energie in Austria.

Exnaton was founded by Liliane Ableitner, Arne Meeuw and Anselma Wörner. The company draws on research from ETH Zürich, the University of St. Gallen, and TUM, combining academic insight with industry knowledge to equip utilities with digital tools for a cleaner, smarter grid.

Brief about the lead investors

4impact capital is an early-stage investor in European digital tech companies that focus on sustainability and measurable impact aligned with the UN Sustainable Development Goals. Using its second fund, SFDR Art. 9, the firm invests in seed and Series A companies in the Benelux, DACH, and Nordic regions. Invest-NL and the European Union support its investment in Exnaton through the InvestEU Fund.

Elevator Ventures is a VC fund supported by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark. It manages over €100M to invest in tech companies in Fintech and Beyond Banking. The fund focuses on Series A and B growth equity rounds in the DACH and CEE regions. So far, the firm has invested over €60M across 21 companies, achieving seven exits and investing in two additional funds.