Ringhel is developing PROCESIO, a no-code technology platform aimed at enabling non-technical users to digitalize energy operations and improve efficiency. The company says PROCESIO will let customers adapt faster to market changes with lower costs and without hiring new personnel. Ringhel reports profitability, with 2019 turnover of €759,000 and a doubled monthly recurring revenue in 2019 versus 2018. SeedBlink reports Ringhel covers 40% of the Romanian energy market, and the company has expanded into markets such as Serbia. Ringhel has received awards and recognition, including winning the CEE Startup Challenge and a nomination for Romania’s Technology Provider of the Year, and holds ISO certifications (ISO 9001:2008 and ISO/IEC 27001:2013). The company plans further growth and fundraising to scale PROCESIO and its market reach.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2020