About Ferntech
Ferntech is an Energy & Utilities company based in Crailsheim (Germany) founded in 2016, and was acquired by Odyssey Energy Solutions in September 2021. It operates as an integrated hardware and software for off-grid power monitoring are developed. Ferntech offers products and services including End-to-End Platform, Portfolio Management, Supply Chain Credit, Asset Analytics, and Procurement-as-a-Service. Its focus areas include Energy Tech, Smart Grid, Distributed Energy Resources and Microgrid. Its competitors include Enervalis, eleXsys, Ferroamp, Heila Technologies and VECKTA and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
Ferntech was founded in 2016 in Crailsheim, Germany, focusing on the renewable energy sector. Hardware and software are integrated into the Universal Monitoring and Control (UMC) solution, which includes a central controller, cloud server, and customizable software platform. Data from power system components is collected, analyzed, visualized, and reported. Operations extend to projects like renewable off-grid systems for water desalination plants combining multiple energy sources.
- Headquarters Crailsheim, Germany
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website ferntech.io
- Social LinkedIn X Facebook
- Acquired by Odyssey Energy Solutions (Sep 2021)
- InvestorsOdyssey Energy Solutions
& 1 more
- Acquired byOdyssey Energy Solutions
(Sep 2021)
Products & Services of Ferntech
Ferntech offers a comprehensive portfolio of products and services, including End-to-End Platform, Portfolio Management, Supply Chain Credit, Asset Analytics, and Procurement-as-a-Service.
Accelerates capital deployment for renewable energy projects worldwide.
Tracks project construction and data for financiers and companies.
Provides credit access for renewable energy equipment suppliers.
Converts data into metrics for commercial and operational insights.
Offers cost savings and tracking for energy procurement needs.
Funding Insights of Ferntech
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Ferntech with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2019 | – | Seed | – | Factor[e] Ventures | – |
2 investors in total: 2 institutional.
Investors in Ferntech
Ferntech has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Odyssey Energy Solutions and Factor[e] Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech and energy focused venture capital firm funding companies in the US, Europe and Africa | – | factore.com | Nairobi, Kenya | |
End-to-end platform for distributed renewable energy finance is provided. | 2017 | odysseyenergysolutions.com | Boulder, United States |
![Factor[e] Ventures logo](https://img.thecompanycheck.com/b/factore_logo.webp){kind=logo}
Investor details for Ferntech
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of Ferntech
3 dated milestones of Ferntech across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Ferntech is founded.
- Funding First funding round.
- Exit Acquired by Odyssey Energy Solutions.
Competitors of Ferntech
Ferntech has 9 listed competitors in our database, 6 of them funded. They include Enervalis, eleXsys, Ferroamp, Heila Technologies and VECKTA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| enervalis.com | 2013 | Houthalen Helchteren, Belgium | $7.81M | – | SaaS platform is offered for electric vehicles, microgrids, and buildings. | |
| elexsys.com | 2012 | Enoggera, Australia | $5.02M | – | Provider of AI-driven smart grid solutions | |
| ferroamp.com | 2010 | Spanga, Sweden | $1.75M | – | Developer of smart energy management system | |
| heilatech.com | 2015 | Somerville, United States | $2.5M | – | Solutions for connecting microgrids and distributed energy resources are offered. | |
| veckta.com | 2019 | San Diego, United States | $3.3M | – | Cloud-based microgrid turnkey control solutions provider | |
| ardapower.com | 2009 | Oakville, Canada | – | – | Commercial DC microgrids are enabled by controls and hardware platforms. | |
| spectral.energy | 2015 | Amsterdam, Netherlands | – | – | Energy storage systems are supplied for off-grid and micro-grid applications. | |
| russelectric.com | 1955 | Hingham, United States | – | 251 | Provider of power control system for micro grids | |
| mixislink.com | 2016 | Wuhan, China | $2.27M | – | Energy intelligence solutions are delivered via blockchain and AI technologies. |
Detailed competitors of Ferntech
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Top companies in Smart Grid & Transmission Systems
10 companies that operate in the same segment as Ferntech (Smart Grid & Transmission Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 257.69 M | USD 1.25 B | 3,191 | |
AI and cloud-driven solutions for energy optimization are provided. | 2009 | Millbrae, California, United States | USD 228.56 M | USD 156.27 M | 569 | |
Distributed energy grids are provided for clean electricity and utilities. | 2010 | London, England, United Kingdom | USD 130.7 M | – | – | |
IoT-enabled distributed energy resource management solutions are provided. | 2011 | Redwood City, California, United States | USD 158.75 M | USD 2.47 M | 50 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
Solar-powered electricity is delivered via an app-based platform. | 2020 | Berlin, Berlin, Germany | USD 45.99 M | – | – | |
Provider of smart street lighting solutions | 1992 | Jaipur, Rajasthan, India | – | USD 504.88 M | 1,430 |
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Related news about Ferntech
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Frequently Asked Questions about Ferntech
Ferntech was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Ferntech is headquartered in Crailsheim, Germany. It is registered at Crailsheim, Baden-wurttemberg, Germany.
Ferntech was founded in 2016 in Crailsheim, Germany, focusing on the renewable energy sector. Hardware and software are integrated into the Universal Monitoring and Control (UMC) solution, which includes a central controller, cloud server, and customizable software platform. Data from power system components is collected, analyzed, visualized, and reported. Operations extend to projects like renewable off-grid systems for water desalination plants combining multiple energy sources.
Ferntech's top competitors include Enervalis, eleXsys and Heila Technologies.
Ferntech offers End-to-End Platform, Portfolio Management, Supply Chain Credit, Asset Analytics, and Procurement-as-a-Service.
Ferntech has 2 investors. Key investors include Odyssey Energy Solutions, and Factor[e] Ventures.
Yes. Ferntech was acquired by Odyssey Energy Solutions in September 2021.