Reshape Energy Raises €5M for its All-in-One Solution for Energy Optimisation

Munich building energy services company Reshape Energy has raised €5 million in expansion capital. 

Reshape Energy is addressing a multi-billion-euro opportunity fueled by rising energy costs and increasing regulatory pressure on European property owners. 

Targeting owners of property portfolios, the company simplifies the transformation of building energy performance with an all-in-one solution.

By integrating assessment, planning, financing, implementation, and ongoing management and optimization, its platform enables property owners and their tenants to reduce costs, enhance property values, and achieve sustainability targets.

The founding team, consisting of Alan Clifford, Andrew Goodwin, Andrew Mack, Gerard Reid, Benjamin Stanzl and Markus Wiendieck, brings extensive experience in the energy sector, having previously launched and scaled successful ventures such as the Germany business of Octopus Energy – now the UK’s largest energy retailer – and Verivox, one of Germany’s largest energy price comparison platforms.

“Today’s building energy services market is fragmented and inefficient. Property owners are forced to deal with a patchwork of providers, manual processes, and limited access to financing – making energy optimization complex and costly. 

Our strategy is centred on acquiring and integrating businesses across the building energy services value chain to offer a one-stop-shop solution to our customers,” said Andrew Mack, CEO of Reshape Energy.

“By equipping these businesses with state of the art digitalisation tools, streamlined processes, access to capital, and strategic direction, we are creating a new category of energy services company that can deliver unparalleled value to property owners.”

Reshape Energy is initially focused on the German market, where it completed the acquisitions of an energy consulting business and a commercial solar planning, installation, and maintenance company. 

The company plans to expand its footprint across Europe in the coming years.

The funding was provided by the founding team, industry insiders, PostScriptum Ventures, and Vireo Ventures, a European early-stage venture capital fund focused on electrification and digitalization. 

According to Mischa Wetzel, Partner at Vireo Ventures:

“Reshare Energy’s deep industry expertise and commitment to sustainability align perfectly with our investment strategy. We look forward to seeing the company achieve its ambitious goals and make a significant contribution to the energy transition.”

This funding round will enable Reshape Energy to complete additional acquisitions across the building energy services value chain in Germany, enhance its technology platform capabilities to drive operational efficiency and maintain high-quality standards, and scale its commercial offering to capture market demand.

Source