Next Big Thing AG is delighted to announce that our PropTech venture, METR, has closed their seed round funding with three new investors on board.
The trio of new investors are business angels who bring specialized knowledge and value to METR, since they are deeply familiar with the German real estate and energy markets, and bring vast networks of potential clients.
METR’s IoT Backbone
METR builds modern IoT infrastructure, enabling connected use cases for the housing industry and democratizing IoT for the housing sector through affordable, open, and interoperable systems. METR provides multifunctional IoT gateways which enable services for landlords and tenants, and offers high data protection. In complex buildings, METR’s devices read heating consumption data and securely provide data back to housing companies through the internet or cloud – for fair, efficient billing.
With this milestone of seed funding reached, METR expects to be able to strategically add more employees to the roster, develop new use cases and the IoT building management platform, and delve into new projects.
CEO Dr. Franka Birke, who was recently nominated for IT Woman of the Year describes this momentous opportunity for the startup, which she launched in 2017 with co-founder Maite Hernandez Zubeldia, by saying:
“The entry of our three new business angels shows that we are on the right track in terms of product development. They share the same vision of offering the housing industry an IoT platform that improves the work of housing associations, property managers, manufacturers and facility managers. The market potential is big, but time-to-market is crucial. Therefore, the timing could not have been better for us.”
To follow the METR team’s success story, stay tuned to their news page.
Shown above: The team behind METR at the NBT Offices in Factory Berlin Görlitzer Park campus.
Dr. Franka Birke, Geschäftsführerin/ CEO
METR Building Management Systems GmbH c/o Factory Works GmbH Lohmühlenstr. 65 12435 Berlin