French cleantech company Metron announced a few weeks ago that it had raised €18 million in funding from the investment fund OGCI Climate Investments. Other investors in the Series B round included SK Gas, BNP Paribas, STATKRAFT Ventures and BREED REPLY. In parallel, the company announced the acquisition of Belgian company Dapesco, whose solution will enrich the firm’s portfolio.

Cleantech Metron raises €18 million from OGCI Climate Investments

Metron is a French cleantech founded by Vincent Sciandra in 2013, specialising in energy efficiency and improving industrial performance with a view to reducing energy costs and the carbon footprint of companies through artificial intelligence. The company aims to “digitize” energy to decarbonize territories.

The company announced that it has raised €18 million in a Series B funding round with OGCI Climate Investments as lead investor, SK Gas, and its historical investors BNP Paribas, STATKRAFT Ventures and BREED REPLY. In addition to financial support, OGCI Climate Investments will work with METRON to introduce their technology into the industrial apparatus of OGCI member companies as a tool to improve energy efficiency.

Pratima Rangarajan, CEO of OGCI Climate Investments, talks about all the issues involved in the contribution his structure offers to cleantech:

“Improving energy efficiency is key to reducing GHG emissions, costs and waste. METRON has an interesting technology that we believe can have an impact on all three. We look forward to helping the company grow by introducing it to the OGCI ecosystem and international markets.”

Fundraising accompanied by the acquisition of Dapesco

This fundraising will allow METRON to continue its R&D efforts and accelerate its international deployment, giving the company the means to target the largest global markets, in Europe, the United States and Asia. In parallel, METRON has just acquired Dapesco, a Belgian company offering a multi-site energy management solution.

Tanguy Detroz, founder of Dapesco who joined Metron as CEO in charge of territories, gives more information on this acquisition:

“We are delighted to extend the Dapesco adventure with METRON, a company with which we share the same values and the same ambition to act for the energy transition. Our complementary skills allow us to make decarbonation more accessible to all types of industrial sites. This is an opportunity for the entire team, who will be able to continue working within METRON to accelerate this energy transition, which is more necessary than ever.”

This acquisition allows METRON to offer a turnkey solution to industrial groups to cover all their energy uses, from offices to the most energy-intensive industrial sites, and to reduce their carbon impact. Vincent Sciandra, CEO and founder of Metron, concludes on the acquisition and fundraising:

“This double announcement is an important step in the life of the company. The entry of OGCI Climate Investments and the expertise of Dapesco allow us to strengthen and expand our support to large industrial companies in decarbonizing their activities. Faced with the urgent need to act, cleantech technologies are an integral part of the energy transition and are now recognised by both investors and public authorities. This is stimulating the market and the current momentum of French Tech is reflected in companies like METRON. In this respect, we are keeping well in mind the goal announced by the President of the Republic to reach 25 French unicorns by 2025.”

Translated from Metron lève 18 millions d’euros et acquiert Dapesco afin d’enrichir son offre pour une industrie décarbonée