Viboo raises 3.3 million euros

(CONNECT) viboo AG has successfully completed its second financing round, the Dübendorf-based company, which was founded in 2022, announced in a press release. A total of EUR 3.3 million was collected from existing and new investors. The spin-off of the Swiss Federal Laboratories for Materials Science and Technology has developed a tool for the optimal use of energy in buildings.

Viboo intends to utilize the new shares for its upcoming entry into the German market. To this end, the young company wants to expand its energy management tool into a comprehensive tool for building management. "We have laid the foundations in Switzerland - with over 40 satisfied customers, some of whom are already in the portfolio roll-out, and significant energy savings in the portfolio," viboo co-founder Felix Bünning is quoted as saying in the press release. "We are now taking the next big step by entering our first EU market, where the combination of energy prices and regulation is providing a strong pull."

The financing round that has now been concluded was led by Realyze Ventures from Cologne. "With viboo, we are investing in an innovative software solution that drives the decarbonization of the existing building segment and thus addresses a very large market," said Marnix Roes, Investment Manager at Realyze Ventures, in the press release. viboo has also gained Zürcher Kantonalbank(ZKB) as a new investor. It is looking forward to "supporting viboo in the upcoming scaling process", explains Nicola Leuenberger, Investment Manager at ZKB. ce/hs