Kiona

Company details

Year Aquired

2016

Location

Norway

Revenue (2020)

193 m

Sector

PropTech & Energy Transition

Employees

134

Investment Themes

Tech-Enabled Transformation

Contact

If you want to know more about Kiona please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com

 

Kiona at a glance

Kiona is the leading PropTech platform in Europe, enabling stakeholders to optimize resource efficiency while reducing emissions from buildings through the monitoring, control and optimization of energy usage. Through a flexible, open, independent and user-friendly platform, Kiona integrates and connects all technical systems across brands and years of deployment. The company is market-leading in its core segment and has an unparalleled contractor network in Scandinavia with 200 partners in Norway and Sweden.

 

Key developments in 2021

The group was formed in 2021 as a result of the merger between IWMAC (Norway) and Egain (Sweden) and an acquisition of Cebyc (Norway), Moldeo (Sweden) and Alpha Eco (Switzerland). They experienced strong double-digit recurring revenue growth while carrying out a significant amount of integration work and improving the organization. Kiona instantly succeeded in crosssales within the four companies across all their offices in seven countries and has increased recurring revenue to above 80%. The company has put a top-notch management team in place and is about to execute on expanding partner sales and scaling the business’ cost base.

 

Impact dimensions

The challenges we face

Buildings account for ca. 40% of Europe’s energy consumption, and 75% of buildings in the EU are energy inefficient. Today, despite the fast growth of “PropTech”, only a tiny fraction of the 40 million facilities in the world are benefiting from this technology, and already connected buildings suffer from different types of legacy equipment from differing vendors.

 

 

What is the outcome?

Kiona’s solutions can connect buildings, give insight into energy usage, and optimize consumption. Property owners and grocery retailers are empowered to operate their assets more sustainably through real-time measurement and management, visualization, analytics, and algorithmic optimization. This results in reduced energy consumption and food waste and lower property overhead costs and emissions.

 

Who are the stakeholders?

Property owners and tenants benefit from a lower carbon footprint and cost savings through reduced energy use. In addition, energy providers will be under less strain through reduced peak load. The population at large can then be supported by lighter energy infrastructure. Finally, Kiona’s refrigeration control solutions help to avoid food spoilage, for e.g. grocery retailers.

 

How big is the effect, and does it last?

Kiona connects 55k commercial, residential and public buildings across 11 countries. Customers can save about 12 kWh/m2 per year. For the residential sector, Kiona currently covers 300k apartments in 11 countries, impacting the indoor climate of approximately 800k people. Increasing the installed base generates more data, enabling the solution to become better at optimizing, anticipating, and supporting energy-saving decisions over time.

 

If Kiona didn't exist

Without Kiona or a similar service, property owners and tenants would be forced to bear unnecessary increases in energy consumption, slow progress on sustainability and increased real estate operating costs. 75% of buildings in Europe are currently energy inefficient and since they cannot all be torn down and replaced, retrofitting is an essential part of solving the challenge.

 

Impact risk: what can go wrong?

Data handled by Kiona is not particularly sensitive, but there are unpredictable threats. Issues can arise in the form of data breaches or system malfunctions. Kiona invests considerable amounts of capital and effort in R&D to counteract this and other risks.

Year Aquired

2016

Revenue (2021)

193 m

Employees

134

Investment Themes

Tech-Enabled Transformation

Sector

PropTech & Energy Transition

Location

Norway

Contact

If you want to know more about Kiona please contact Gisle Glück Evensen at: gisle.gluck.evensen@summaequity.com

Website

Video

SDG Alignment
SDG Wheel
SDG 7
SDG 11
SDG 13
KPI reporting
SDG 8

REVENUE (SEKm)

2020
+3%
193
2020
188
2019
171
SDG 11

Kwh Saved

2021
-1%
206m
2020
209m
2019
209m
SDG 7

Buildings using Kiona's solutions for energy optimization

2021
55K
SDG 13

Tons CO2e averted

2021
-11%
23 128
2020
26 000
2019
26 426

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Summa expands footprint in Smart Energy market with investment in Metry

Stockholm, 5 March 2019 – Swedish energy tech company Metry, whose platform helps the real estate sector digitise and structure energy data to become more energy efficient, is announcing a rights issue and investment of 14 million SEK. The funds will support the continued development of the company’s position as an unbiased/independent actor in the...
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