It’s been just under a year since the founders of ifesca raised the seed round for their start-up. At that time, a high six-figure sum flowed into the company from the Thuringian investor bm|t (bm‑t beteiligungsmanagement thüringen gmbh) from the Thuringian Start-up Fund.
In the first closing of the Series A round, ifesca secured one million for the market launch of its in-house platform ifesca.AIVA. The initial focus is on intelligent cloud services with which energy companies can calculate forecasts for the future demand for electricity, gas or heat in near real time. These form the basis for decisions on important recommendations for action for energy trading or power plant operation, for example. The companies can thus react more quickly to changes in the market or in the supply situation.
bm|t is currently leading the round and invested from the Thuringian Growth Participation Fund, in which a total of EUR 37.5 million is available for Thuringian growth companies.
In addition to bm|t, a group of business angels consisting of Lück Invest GmbH, R.O.I GmbH, Paysmark Verwaltungs- und Beteiligungsgesellschaft mbH and founding member TUPAIA Investments GmbH also invested. A number of ifesca employees and partners made an additional commitment with a co-investment on their part.
Sebastian Ritter, Andreas Reuter and Clemens Kießhauer founded their company with the participation of TUPAIA Investments GmbH in Ilmenau (Thuringia) in 2016.