September, 10 2019 Successful financing for Thüringen Technology Start-up ifesca

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.
The ifesca founders: Clemens Kießhauer, Andreas Reuter, and Sebas­t­ian Ritter)

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.