Changers, a Germany-based company that encourages customers to improve their energy use, has raised $1.5m in Series A funding in a round led by BFB Frühphasenfonds Brandenburg.
The round also saw investment from Heliocentris Energy Solutions AG and other private investors.
Markus Schulz, co-founder and chief executive of Changers, said: “We believe the timing is perfect to take Changers into new markets, build on our patented technology, and attract more consumers to participate in our fun and rewarding system. So we are very pleased to welcome these two key investors. Frühphasenfonds Brandenburg has deep experience in accelerating startups, while Heliocentris can provide guidance on manufacturing and distribution, and will be instrumental in our expansion to the Middle East. We were also very fortunate to bring three additional angel investors with backgrounds in renewable energy and ecommerce into this round.”
Changers has produced the Changers System, a energy marketplace that allows users to measure and trade renewable energy they create for sustainable goods and services from commercial partners.
Since its launch just two years ago, Changers has sold more than 5,000 starter kits to consumers who, collectively, have generated more than 640 kWh and saved over 6,000 kg of CO2.