Metry to raise $1.5M from Summa Equity and Chalmers Ventures

Metry, a Gothenburg, Sweden-based company operating a platform helping the real estate sector digitise and structure energy data to become more energy efficient, announced that it secured a SEK 14M ($1.5M) capital investment round.

The lead investment comes from Summa Equity, followed by Chalmers Ventures, angel investors and Metry’s chairman of the board Andreas Rydholm.

The funds will be used for the development of the company’s position as an unbiased/independent actor in the ecosystem for energy data.

Metry, founded in 2012 by Joel Torkelsson, built a cloud-based SaaS for energy-related data. Metry collects energy data from all different data sources and meters and makes this available in a web-based API allowing third party service providers BEMS to build energy management tools. The company has SEK 9M ($970k) in revenues and manages billions of data points for Sweden’s largest real estate companies, such as Vasakronan, Catena, Rikshem and Kungsleden.