Investaura was mandated for a €10 million growth capital fundraising by a German provider of smart meter gateways (SMGW) and energy analytics solutions. The company is experiencing strong traction with its customers in the energy, real estate, and retail industries.
The German ‘Messstellenbetriebsgesetz – MsbG’ (Metering Point Operation act) opens up significant growth opportunities from February 2020 onwards, as three smart meter gateway providers have now received their BSI certification and the start of the mandatory rollout in Germany was officially declared by the BSI on 31 January 2020. The BSI is the German Federal Office for Information Security.
In the first step, about 4 million smart meters will be installed in Germany.
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