The Internet of Things, Industry 4.0 and the insurance industry are coming together. Berlin-based IoT startup Relayr raises $23M (€20.7M) Series B from Munich RE/HSB Ventures, KPCB and Munich Venture Partners. It turns out that the industrial insurance company Hartford Steam Boiler (HSB), since 2009 part of Munich RE, has started to embrace IoT a while ago to make their life easier and insurance business smarter. In a nutshell, HSB insures manufacturing companies against the risk of equipment breakdown and other reasons for suboptimal factory performance. By making the machines smart and connecting them to the Relayr cloud, their health status can be monitored online. If the automated machine data analysis identifies any problems, the malfunctioning machines can be repaired or replaced before it is too late and the production line has to be put on hold without knowing why.Read more
Ecosummit TV: Serial entrepreneur Josef Brunner tells the growth story of JouleX and his successful $107M cash exit to Cisco in 2013. Josef founded JouleX in Munich in 2009 and was backed by Target Partners from early on. Being a 100% energy management software startup that helps companies save OPEX by switching off unused IP devices, Josef and Olaf Jacobi, his board member at Target Partners, quickly decided that the headquarter should be transferred to the US while keeping the software development team in Germany. As a US company it is easier to sell to American customers, raise more money for faster startup development and ultimately sell to an American buyer. Tom Noonan, Co-Founder of Internet Security Systems that he sold to IBM in 2006, invested in JouleX and joined as CEO in 2010. From there it was all about managing fast growth and winning new customers that enjoy instant savings without setup fees while JouleX enjoys a 30% share of the money saved. Josef appreciates the professional integration processes at Cisco who are very experienced buyers due to a long history of successful acquisitions – JouleX was Cisco’s acquisition number 166. Now you may talk to Josef if you need a smart green software business angel.Read more
Let’s toast to 4 smart green startups that successfully closed new funding rounds during the last months. Sefaira, Geo-En, Tado and WeSustain have all been on our Ecosummit stage and are active members of our Smart Green Business Network. Sefaira, Tado and WeSustain were also nominated for the Ecosummit Award 2012. Braemar Energy Ventures leads Sefaira’s €8.2M round with co-investors Chrysalix SET and Hermes GPE. eCapital and IBB Beteiligungsgesellschaft invest €4M in Berlin-based Geo-En. Target Partners seed finances Tado while NBank, MBG, KfW and High-Tech Gründerfonds back WeSustain. Let’s take a closer look at the startups and some of their new investors.Read more
11.000 VideoViews on Ecosummit TV – Let’s Celebrate by Rewatching the best Smart Green Startups and VCs
We are proud to announce having reached a new major milestone on Ecosummit TV, our wonderful Youtube HD channel: 11.000 VideoViews since we started in February 2011. This is a good reason for rewatching some of the best episodes on Ecosummit TV featuring smart green startups and VCs. Learn about hot Cleantech deals worth backing and how you should invest your fund for successful returns. One more thing: Ecosummit 2012 takes place on 22-23 March 2012 in Berlin and it’s going to be big. Stay tuned!Read more
It’s about time to honour some recent deals that have been closed by Cleantech VCs and startups that belong to our Ecosummit community. We take a look at the portfolios of the leading VCs in Europe and share some selected news with you. Our first Smart Green Dealflow article features: JouleX, pvXchange, Entelios, Inge, Neura, Schnell Motoren and Pyrum. Let us know if you have more smart green deals we should cover.Read more
Today we have received good news from Youtube: Ecosummit TV has been granted official Youtube Partner status. This means we can now upload long videos (> 15 min) and include advertising to refinance our production costs. Ecosummit TV is the free on-demand IPTV channel covering the great transformation to the Smart Green Economy. We have started Ecosummit TV on 20 February 2011 and uploaded 42 videos in full HD quality that achieved 4.280 views as of today. Thanks to Youtube and Apple, Ecosummit TV is, in fact, high-quality Mobile TV as it looks fantastic on the iPhone and iPad.Read more
Going smart green now should be our motivation on all levels. For the smart green transformation I propose a strategy based on 7 pillars. This strategy has to be elaborated into a full-featured global master plan. I invite everybody to contribute to the elaboration of the global master plan and to join its execution.
1. Our global goal should be the fast transformation to the Smart Green Economy.
2. Cities are the epicentre of economic activity and must go smart green now.
3. Companies should adopt smart green strategies offering sustainable products and services.
4. Fast cost reduction of smart green technologies is the key leverage for the mass market.
5. We have to change our lifestyle and become smart green consumers.
6. We have to shift political and financial power to the United Nations.
7. Huge investments of human and financial capital are necessary.
Let’s start now, improve continuously, measure our progress every year and use open innovation and transparent communication so that we can learn from each other. Let’s share our ideas and know-how online on a global scale.
Ane Mari Aakernes, Gernot Toegel and Jan Michael Hess have been busy producing Ecosummit TV during the last 10 days. Our first Ecosummit TV ECO11 Mix offers you some funky 10 minutes of ECO11 experience including many speakers, startups, investors and participants. A great opportunity to relive Ecosummit 2011 on 24-25 March in Berlin. The groovy Jazz music you can hear is the song “Lost in Bogota” by Erik Truffaz on his new album “In Between”. When shall we do the next Ecosummit to celebrate and accelerate the Smart Green Economy?Read more
Joulex is the poster child of Smart Green IT. Thomas Noonan, CEO of Joulex, gave a very professional presentation at Ecosummit 2011 in Berlin explaining how Enterprise Energy Management can work to save significant amounts of energy and money. Already today, many devices have an IP address and are networked, thus they can be power-managed remotely over the network. In the future, the amount of online devices and sensors in corporate and private networks will grow tremendously. Joulex is well positioned to monetise this megatrend and the VCs are lining up to get into the deal.Read more