🏆 Deal of the Week · CW 36/2024
Reonic raised EUR 13 million in a Series A round announced in September 2024; the post-money valuation was not disclosed. The round was backed by Puzzle Ventures, Point Nine, and Northzone.
Reonic — key deal facts
| Company | Reonic |
| Founded | 2021 |
| Headquarters | Berlin, Germany |
| Amount raised | EUR 13M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | Puzzle Ventures, Point Nine, Northzone |
| Sectors | Renewable Energy, Software, Solar |
Who invested in Reonic?
The syndicate combines Puzzle Ventures, Point Nine, and Northzone. The presence of Point Nine — a specialist B2B SaaS investor — and Northzone, a multi-stage European growth fund, signals institutional conviction in Reonic's software-led approach to the renewable energy installer market. The combination of early-stage and growth-oriented capital suggests the round is structured to support both product development and geographic expansion.
What does Reonic do?
Reonic is a climate-tech SaaS company founded in 2021 by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, with Menzinger and Schneider serving as co-CEOs. The company is headquartered in Berlin, Germany, with additional offices in Augsburg and São Paulo. Its core product is an AI-native operating system designed for small and mid-size renewable energy installers, consolidating CRM, solar design, quoting, project management, and customer handover into a single platform. The platform covers solar, battery storage, EV charging, and heat pump installations.
Reonic valuation & multiples
No existing multiples data was provided for this deal. Comparable SaaS businesses operating in the renewable energy and climate-tech vertical are typically benchmarked on EV/Revenue and EV/EBITDA multiples; because Reonic's valuation remains undisclosed, a direct multiples calculation is not possible at this time. For current sector benchmarks, see the Renewable Energy Software and Climate-Tech SaaS multiples pages on DealMatrix.
Explore the benchmarks: Series A Software.
Frequently asked questions
How much did Reonic raise in its Series A?
Reonic raised EUR 13 million in its Series A round, announced in September 2024.
What is Reonic's valuation?
Reonic's post-money valuation was not disclosed as part of this funding announcement.
Who invested in Reonic?
The Series A was backed by Puzzle Ventures, Point Nine, and Northzone.
When was Reonic founded and where is it based?
Reonic was founded in 2021 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.