About Metry
Metry is a company based in Goteborg (Sweden) founded in 2012 by Magnus Luttkens was acquired by EVORA Global in January 2024. Metry has raised $703.24 thousand across 4 funding rounds from investors including SEB, European Union and Chalmers Ventures. Metry offers products and services including Metry Platform and Energy Management Tool. Metry operates in a competitive market with competitors including Particle, Signify, Landis+Gyr, PowerSecure and Span.IO, among others.
- Total Equity Funding$703.24K (USD)
in 4 rounds
- InvestorsSEB
& 4 more
- Acquired byEVORA Global
(Jan 2024)
Products & Services of Metry
Metry offers a comprehensive portfolio of products and services, including Metry Platform and Energy Management Tool.
Automates environmental data gathering for energy and sustainability management.
Connects energy data to tools for reporting and optimization purposes.
Funding Insights of Metry
Metry has successfully raised a total of $703.24K across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $703,236
- Total Rounds 4
- First Round $703,236
(Sep 2016)
- Investors Count 4
All 4 funding rounds of Metry 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 |
|---|---|---|---|---|---|
| Jun 2022 | – | Series A | – | SEB | – |
| Oct 2017 | $213,512 | Grant | – | – | |
| Jan 2017 | $207,284 | Grant | – | – | |
| Sep 2016 | $703,236 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Metry
Metry has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include SEB, European Union and Chalmers Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage investments are made across sectors in Europe. | 2015 | chalmersventures.com | Gothenburg, Sweden | |
Multiple sectors are invested in by corporate-backed Almi Invest. | – | almi.se/Almi-Invest/ | Lund, Sweden | |
SEB is recognized as a leading Nordic corporate bank. | 1856 | sebgroup.com | Stockholm, Sweden | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Sustainability risks are mitigated for real asset investors by EVORA. | 2011 | evoraglobal.com | London, United Kingdom |
Investor details for Metry
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People of Metry
2 people are tracked at Metry (2 in leadership).
| Name | Role | Group |
|---|---|---|
Magnus Luttkens | Co-Founder & CEO | Leadership |
Anton Holm | Chief Product Officer | Leadership |
Complete people profiles for Metry
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Timeline of Metry
4 dated milestones of Metry across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Metry is founded.
- Funding First funding round of $703K.
- Funding Latest funding round, Series A,.
- Exit Acquired by EVORA Global.
Competitors of Metry
Metry operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Particle, Signify, Landis+Gyr, PowerSecure and Span.IO, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| particle.io | 2011 | San Francisco, United States | $134.87M | 109 | IoT connectivity platform from prototype to production is developed. | |
| signify.com | 1891 | Eindhoven, Netherlands | – | – | Signify is recognized as a global leader in lighting solutions. | |
| landisgyr.com | 1896 | Zug, Switzerland | $1.03B | 996 | End-to-end energy management solutions are provided for utilities worldwide. | |
| powersecure.com | 1991 | Wake Forest, United States | – | 1,030 | Energy efficiency and smart grid management solutions | |
| span.io | 2014 | San Francisco, United States | $255.56M | – | Smart panels for home energy management are provided by Span.IO. | |
| osram.com | 1919 | Munich, Germany | – | 13 | Automotive lighting equipment is manufactured by Osram in Germany. | |
| nanoleaf.me | 2012 | Toronto, Canada | $2.9M | 94 | Energy-efficient smart lightbulbs are developed by Nanoleaf. | |
| resideo.com | 2018 | Wilmington, United States | – | 293 | Smart home products for security and energy efficiency are provided. |
Detailed competitors of Metry
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- Full competitor set
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Web traffic of Metry
The website of Metry (metry.io) receives about 3.3K visits a month.
- Monthly visits3.3K
▲ 8.7% vs previous month
Latest news on Metry
Complete news archive for Metry
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- Full article archive
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Similar companies to Metry
10 companies that operate in the same segment as Metry (Facility Management Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | – | 2,458 | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
Cloud-based video intercoms and physical security systems are provided. | 2000 | Tysons, Virginia, United States | USD 137.36 M | USD 1.01 B | 2,009 | |
Provider of interior design, product supply, and project management services for facilities | 2011 | Mumbai, Maharashtra, India | USD 21.3 M | USD 10.46 M | 292 | |
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 | |
Corporate workplace and cafeteria digitization solutions are provided. | 2014 | Bengaluru, Karnataka, India | USD 2.24 M | USD 24.03 M | 594 | |
Cloud and app-based facility management and service automation platform | 1999 | New York, New York, United States | USD 56 M | – | – | |
SaaS-based CAFM software is delivered for commercial facility management. | 1995 | Leicester, England, United Kingdom | USD 23.43 M | USD 98.38 M | 774 |
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Frequently Asked Questions about Metry
Metry was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Metry is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Magnus Luttkens is the current CEO of Metry. They have also founded this company.
Metry is a funded company, having raised a total of $703.24K across 4 funding rounds to date. The company's 1st funding round was a Seed of $703.24K, raised on Sep 2016.
Metry was founded in 2012 in Gothenburg, Sweden, as a SaaS platform focused on energy data management. Data from utility meters and private installations is gathered automatically, with consumption overviews delivered through an accessible app and web interface. Operations center on enabling real-time monitoring for commercial and industrial users in the energy sector across Europe.
Metry's top competitors include Particle, Landis+Gyr and Signify.
Metry offers Metry Platform and Energy Management Tool.
Metry has 5 investors. Key investors include SEB, European Union, Chalmers Ventures, EVORA, and Almi Invest.
Metry operates through Metry Ab.
Yes. Metry was acquired by EVORA Global in January 2024.