Swiss company Exnaton, a Zurich-based software spin-off from ETH Zurich, has secured a Series A funding round to expand its white-label billing and energy-sharing SaaS platform across Europe. The company’s platform enables utility companies to manage local renewable-energy flows, dynamic tariffs and peer-to-peer energy trading.
The round is backed by lead investor True Ventures and Swiss investor Übermorgen Ventures, among others. Prior funding rounds include a seed round in 2021 led by Global Founders Capital. The exact Series A amount has not been publicly disclosed but earlier reporting described “millions” in financing.
Exnaton’s platform is already in use by more than 50 utilities spread across five countries, offering functions such as energy-sharing modules, electric-vehicle smart-charging tariffs and flexible prosumer billing. The fresh capital will be used to scale sales and marketing efforts, accelerate product development and enter new European markets.
