Putting an end to wasted residential energy
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.
- Year acquired
- 2016
- Sector
- PropTech, Energy Transition
- Location
- Norway
- Employees
- 139
- Website
- https://www.kiona.com/
- Investment theme
- Tech-Enabled Transformation
Key developments in 2022
2022 was the year for Kiona reaping the synergies of the recent mergers, with over 290 cross deliveries of 2 products or more finalized. It has resulted in strong double-digit growth in Kiona’s EMS and SCADA products, while the self-learning AI engine Edge experienced a very strong backlog and pipeline. This lays a solid foundation for ramping up growth in 2023 across a broader install base.
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.
-
75%
of buildings in the EU are energy-inefficient
-
- 152MtCO2e
emissions reduction from buildings required per annum to reach carbon neutrality by 2050
How does Kiona help?
Reality today
Property owners and retailers have limited visibility into the energy consumption of their buildings, while not being able to connect various existing technical systems to gain insights. The mass inefficiencies keep buildings as a contributor of 36% of all the emissions in the EU.
Kiona approach
Kiona enables stakeholders to optimize resource efficiency while reducing emissions from buildings through the monitoring, control, and optimization of energy usage. This is achieved by utilizing over 3,500 technical system integrations and 200+ partners, making Kiona suitable to connect and optimize nearly any building.
Aspirational future
Enable CO2 savings documentation and accounting on the Kiona platform, enable partners and platform participants to utilize the network of Kiona-connected buildings to create new products and features, enable data acquisition, sharing and analysis.
Who is impacted?
Stakeholders (including owners and tenants who are enabled to optimize their buildings’ energy usage. The planet through fewer GHG emissions from buildings.
What are the impact considerations?
Additionality
Kiona enables property owners and retailers to accelerate their energy optimization efforts in pursuit of carbon neutrality. Kiona is uniquely positioned to do so, having created >3,500 integrations that allow buildings to get connected.
Risks
Visibility into energy usage does not guarantee that stakeholders will act accordingly to optimize operations, and Kiona has limited power to influence stakeholder behavior.
SDG alignments
Press release
Summa Equity announced the sale of leading PropTech Kiona to CAREL
Stockholm, July 24th 2023: Summa Equity (“Summa”), a purpose-driven thematic investment firm, today announces the sale of Kiona, a leading energy efficiency software platform, to global energy efficiency components and solutions provider CAREL.