Enertika is a Barcelona-based energy services company that provides integrated Energy-as-a-Service solutions for cities, industrial customers and telecommunications networks. The company is described as a pioneer in offering these integrated services. It operates in the energy sector and plans to grow its business and revenues substantially. Enertika intends to raise its revenues by 50%. The company projected closing the referenced fiscal year with approximately €20 million in revenue and reaching €30 million in 2021. The fundraise reported in the article supports these growth plans. Enertika provides energy-services projects including efficiency measures and distributed generation across telecom infrastructure, industry and smart cities, and operates a digital-energy management subsidiary, Wattabit. The company reported €10 million in revenue for 2016, with roughly 60% from Spain and 40% from Mexico, Guatemala, Morocco and Wattabit. Founded in 2008 and based in Barcelona, Enertika plans to grow revenue about 10% in the current year to approximately €11.5 million. Management includes Francesc Tarongí as majority shareholder; he will serve as chairman and CEO. Ermen Llobet, cofounder and partner of Ecotecnia, will remain as an adviser. The company intends to use the funds from the round to continue accelerating its internationalization.

Total raised

$19M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2020