Urbio in a $2 million pre-seed round co-led by Wingman Ventures and Contrarian Ventures.
Urbio, a Sion, Switzerland-based SAAS developer of planning tools for energy providers, announced completing a $2 million pre-seed funding round.
The money was raised from investors co-led by Wingman Ventures and Contrarian Ventures, joined by Urban Us and angel investor David Helgason, founder and former CEO of Unity Technologies.
Alex Stöckl, partner at Wingman Ventures, and Rokas Peciulaitis, managing partner at Contrarian Ventures, will join the board of directors.
Proceeds will be used to improve the commercial product, and expand commercial activities in the EU.
Urbio, founded in 2020 by Nicolas Sommer, Nils Schüler and CEO Sébastien Cajot, developed a software tool based on research from EPFL and which is used for streamlining design and collaborative processes by generating highly customized proposals for individual buildings or entire cities. The tool is sold as a SAAS and is used in order to design new energy assets like solar or district heating with a focus on improving the efficiency of buildings, with 90% time savings to better inform investment decisions.
Urbio was previously pre-seeded by the American investors from Urban Us.