One year ago ifesca closed its series A round with 2.5 Mio. Euro. Now, the fast-growing company successfully completed a first closing of its series B round with a 2.0 Mio Euro financing. The capital will support the company´s further growth including geographic expansion outside of the DACH region, where the company has so far been focused.
Ifesca´s AI-based platform AIVA offers intelligent cloud services for industrial and energy companies aiming to better predict their energy needs. The core of the system is a prediction system that allows a near real-time automated forecast of electricity, gas, heat, and water demand. These forecasts allow industrial and energy companies to optimize their purchases and production of these resources. A closer matching of purchasing and production with demand equates to significant savings for ifesca customers.
bm|t, beteiligungsmanagement thüringen, led the round with its growth capital fund. Along with bm|t, several prominent business angels invested in the round, including Peter Worsch and Kai Romberg.
Sebastian Ritter, Andreas, Reuter and Clemens Kießhauer founded ifesca GmbH in 2016 in Ilmenau, Thüringen.