Smart Metering Platform metiundo Lands Major Bank Partnership

Berlin-based PropTech startup metiundo has secured €5 million in project financing from Berliner Volksbank, according to a company press release. The funding will support the nationwide rollout of smart metering systems, accelerating the digitalization and decarbonization of Germany's real estate sector.

The investment enables metiundo to install smart meters in over 15,000 households and buildings across Germany. This represents the first tranche of what's described as a long-term strategic partnership between the companies.

Founded in 2021 by Dennis Nasrun and Felix Mücke, metiundo offers a comprehensive solution that uniquely combines hardware, installation, operation, and data management. The company's platform integrates measurements across all utilities – electricity, gas, water, and heat – allowing property managers to consolidate and analyze consumption data in real-time.

"With Berliner Volksbank, we've gained a partner who shares our vision of data-driven, cross-utility flexibility for real estate portfolios through fully digitalized and intelligent measurement infrastructure," explained Dennis Nasrun, Co-founder and CEO of metiundo.

Jörg Widhalm, Head of Real Estate & Renewable Energy at Berliner Volksbank, highlighted the importance of the technology: "Reliable measurements of various consumptions are essential, and automation and digitization are important levers. This is exactly where metiundo comes in."

The eight-year financing arrangement aligns with the technical operational lifetime of the metering systems. Both companies plan to expand their partnership to finance additional smart infrastructure projects supporting the energy transition.

Currently employing over 50 people across offices in Berlin and Heidelberg, metiundo aims to reduce CO₂ emissions in the real estate sector while promoting transparency and efficiency in energy management.