Berlin-based Fuchs & Eule, a company that wants as many homeowners as possible to make their homes energy efficient, has secured a multi-million Euro funding in its Series A round to capitalise on the rising demand for green home renovations.
The investment amount remains undisclosed.
The round was led by Amsterdam-based SET Ventures, with Realyze Ventures and Picus Capital also contributing.
Dr Till Stenzel, Partner at SET Ventures, says, “The building sector is one of the largest fossil energy consumers in our economy but so far has not played its role in the decarbonisation challenge.”
“Fuchs & Eule has built a delightful product that enables mass-market adoption of energetic home renovations. We are beyond excited to work with the team around Robin Behlau, Tobias Frese, Friso Zimmermann and Lina Adrian.”
Robin Behlau, Fuchs & Eule founder and CEO, adds, “The SET and Realyze team have been great partners in closing this round quickly despite some regulatory headwinds at the time.”
“We truly believe our customer experience stands above all others, as evidenced by the thousands of satisfied customers we’ve helped already. With this funding, we’re ready for even more.”
Making homes energy efficient
Fuchs & Eule acts as an independent energy renovation advisor in the residential building sector, leveraging a robust property database and a team of seasoned energy advisors.
Founded as a digital property management platform, Fuchs & Eule pivoted to energy renovations in 2022.
The company’s digital platform creates digital twins of homes, simulates renovation options, finds funding solutions, and crafts personalised renovation roadmaps. They facilitate project initiation by connecting customers with suitable craftsmen and financing.
Through their process, thousands of homeowners have improved their home energy ratings.
According to a press release by Fuchs & Eule, in 2024, rising energy costs and sustainability regulations are driving demand for green renovations. Buildings rated “C” or worse face a 20-40 per cent decrease in value compared to “A” rated properties, compelling property owners to invest in energy efficiency.
In Germany, where Fuchs & Eule operates, there are over 16 million homes in need of refurbishment to maintain their value and realise potential savings on future energy costs.
In 18 months since the launch, they’ve completed over 2,000 renovations in Germany, saving an average of 6.7 tons of CO2 per building and have scaled to over 100 employees.
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