French Cleantech METRON announces a fundraising of 12.5 million euros and confirms breakeven objective by the end of 2025

Paris, November 22nd, 2024 – METRON, an international player in the digital management of energy consumption and reduction of carbon emissions, announces that it has raised €12.5 million in financing, marked by the arrival of the German investor GET Fund. This is a key milestone for the French cleantech company, reflecting the renewed confidence of its historic investors and setting METRON on the road to breakeven, forecasted by the end of 2025, in the promising industrial decarbonization market.

At a time when the impact of geopolitical issues on the achievement of the reduction targets set out in the Paris Agreements is being questioned, the need to find reliable solutions to reconcile competitiveness, sovereignty and industrial decarbonization has become strategic for governments around the world.

Founded in 2013, in just a few years METRON has become a key player in decarbonization in Europe and Asia. Thanks to its real-time energy management and optimization solution, METRON has enabled more than 25,000 sites worldwide, and 200 manufacturers, to significantly reduce their carbon footprint.
The €12.5 million round of financing is being led by the German GET Fund, a highly reputed venture capital investor in the energy sector, alongside long-standing investors (BNP Paribas, Climate Investment and Vertigo) who have renewed their confidence in the French cleantech company. The investment of the GET Funds coincides with METRON’s market entry in Germany, amongst others with the establishment of a strategic alliance with electronics giant Fujitsu in April 2024, specifically covering the German territory in addition to the Japanese perimeter.

Reinforcing the growth strategy

This round of financing will enable the French scale-up to reinforce its development strategy, based on the acquisition of major international accounts – such as Danone, Safran and Arcelor Mittal – and forging of significant alliances with international players such as Fujitsu, Thailand’s PTT oil company, Dalkia in France.

METRON’s ambition is to help manufacturers from all sectors to deploy and monitor their decarbonization roadmaps, turning objectives into measurable reality on the ground. Relying on innovative software, developed and tested for over 10 years, and on local teams specialized in energy and digital services, METRON enables manufacturers to take control of their carbon trajectory.

Continued growth and prospects in Europe and Asia

In Europe, this funding supports structuring projects, such as the scale-up initiated by the Decarb Fast Track (DFT) program, whose latest pioneers’ meeting was held on October 16 in Paris, bringing together some fifty industrial companies committed to digitizing energy management. At this stage, thanks to the 11,000 data inputs from the 61 industrial sites of the programme, 250 decarbonization projects have been identified, 80 of which are already underway.

Furthermore, Southeast Asia is becoming a key region for achieving global climate objectives, and therefore represents an opportunity for European energy companies. Quickly convinced of Asia’s decarbonization potential, METRON focused its development on this region very early on, and opened its first office in Singapore in 2018. Now present in Malaysia, Thailand, Singapore and Indonesia, METRON’s expansion in the region has been made possible by successful deployments with industrial leaders in key Asia-Pacific markets (Indonesia, Singapore, Malaysia, Thailand, Japan, Korea, New Zealand…) and with international-scale clients.

METRON also covers the Americas with teams in Mexico and Colombia, with some 15 sites to be deployed across the continent by 2025.

“We are proud to join this investment round in METRON, a company making a significant impact on industrial decarbonization. Partnering with our esteemed co-investors – Vertigo, BNP Paribas, and Climate Investment – we look forward to supporting METRON as it scales its innovative solutions and reinforces its leadership in sustainable energy management.” says Martin Kröner, Partner at GET Fund.

“We are delighted by the renewed confidence of our historic investors, and by the arrival of the German GET Fund,” says METRON CEO Vincent Sciandra. “Thanks to this round of financing, we will be able to accelerate our growth strategy and consolidate our trajectory towards profitability by 2025. This support confirms the relevance of our international deployment, enabling us to provide global industrial groups with an energy management solution for their sites anywhere in the world, thanks to our regional presence and in-depth knowledge of local contexts. After 10 years, the decarbonization market is experiencing unprecedented momentum, but our ambition remains intact: to support our customers in transforming their stated decarbonization objectives into measurable reality at each of their plants.”

Press contact:
metron@rumeurpublique.fr
Manuella ANDRIANJAFIMIHANTA – +336 22 08 64 51
Alix LAGERSIE : +337 77 14 61 85

About METRON
METRON is a French cleantech company specializing in energy optimization. Founded in 2013, it develops digital solutions to help industrial companies optimize and reduce their energy consumption and therefore their carbon footprint. Today, METRON has 100 employees in 11 countries and a solution deployed at more than 25,000 sites worldwide, including 200 in the industrial sector. METRON has been selected by the French government to be part of the French Tech 2030 program since June 2023, having featured in the Green 20 ranking for two consecutive years. Find more information about METRON here : metron.energy

ABOUT GET Fund
GET Fund is an impact venture capital firm investing in Green European Tech startups. The fund supports innovative companies in the energy, mobility, ag & food, and industrial sectors, aiming to drive sustainable solutions with significant environmental impact. With over 15 years of experience, the GET Fund team has been at the forefront of cleantech and impact investing, leveraging its expertise, a robust sustainability framework, and its extensive track record. Previous investments include companies such as sonnen, relayr, Luxexcel, GreenCom Networks, DP Polar, and Lofelt. Find more information about GET Fund here: getfund.eu