Cleantech Invest’s portfolio company Nuuka Solutions closes investment round

News

Cleantech Invest Plc

Company Release      
5 August 2015 at 8 am (EET)

Cleantech Invest's portfolio company Nuuka Solutions has successfully closed an investment round.

Cleantech Invest has joined the round and increased its ownership to 37.0% from 36.8%. Other investors have also joined the round.

Nuuka Solutions is a software company, which has developed Nuuka BEMS, a cloud solution to help identify energy efficiency in buildings, monitoring indoor air condition and develop sustainability.

The device- and manufacturer-independent cloud service can operate in public and commercial real estates and enables to read real-time data from any building automation system, energy meter, intelligent sensor network (IOT) or other IT-system. The service can run anywhere in the world where Internet connection is available.

Nuuka Solutions has, together with a growing partner network, delivered Nuuka BEMS' services to approximately 100 public and commercial buildings. The partners have been able to produce significant improvements in energy efficiency by using Nuuka BEMS' analysis and reporting tools. Energy efficiency improvements have been up to 35% annually, and at the same time indoor air quality has been improved.

The global real estate market is large and the demand for Nuuka BEMS' service has a great potential thanks to the growing requirements of buildings' energy efficiency and indoor air quality.

Alexander Lidgren, Managing Director at Cleantech Invest: "Nuuka Solutions' development has proceeded systematically and is now entering a new phase. The company seeks growth by developing an international distribution channel as a partner system, selling the product and services locally in different countries. Cleantech Invest's investment is part of a financing solution that allows Nuuka Solutions to develop the partner system."

CLEANTECH INVEST PLC
Further information: Alexander Lidgren, Managing Director of Cleantech Invest Plc, tel. +46 73 660 1007, alexander.lidgren@cleantechinvest.com
Certified Advisor Access Partners Oy, tel. +358 9 682 9500.

Cleantech Invest in brief
Cleantech Invest focuses on clean energy and efficient use of natural resources. The company owns minorities in a diversified portfolio of companies and is actively looking for new capital light and high impact businesses within the cleantech universe. Cleantech Invest invests in the most promising early-stage and growth cleantech companies in Finland, Sweden and in the Baltic Sea area. The company management team members are international pioneers in cleantech investing. Cleantech Invest is also a designated Accelerator in the Vigo Program initiated by the Ministry of Employment and the Economy. www.cleantechinvest.com.