KUGU provides a proprietary technology platform that optimises and controls energy systems for real estate companies, with customer costs fully allocatable to tenants. The company manages over 12,000 buildings on its platform and serves more than 60 clients, including major housing companies, municipal utilities, and metering service providers across Germany. KUGU's product portfolio focuses on digital energy solutions to support customers in meeting emissions targets. The business has advisory support from industry experts Michael Lowak and Axel Müller, who have been actively involved since last year. With the new funding, KUGU plans to develop its digital product portfolio further and scale sales and operations. The company aims to optimise approximately 50,000 buildings on its platform and hopes to reach profitability.

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Nov 2024