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.
- Headquarter Goteborg, Sweden
- Founders Magnus Luttkens
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Sectors
Business ServicesTechnology Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Metry Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$703.24 K (USD)
in 4 rounds
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Latest Funding Round
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Investors
SEB
& 4 more
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Employee Count
Employee Count
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Acquired by
EVORA Global
(Jan 23, 2024)
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Products & Services of Metry
Metry offers a comprehensive portfolio of products and services, including Metry Platform and Energy Management Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(07 Sep 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series A - Metry | Valuation | SEB |
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| Oct, 2017 | Amount | Grant - Metry | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Metry | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments are made across sectors in Europe.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by corporate-backed Almi Invest.
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Founded Year | Domain | Location | |
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SEB is recognized as a leading Nordic corporate bank.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Metry
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Metry
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Metry Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IoT connectivity platform from prototype to production is developed.
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| domain | founded_year | HQ Location |
Signify is recognized as a global leader in lighting solutions.
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| domain | founded_year | HQ Location |
End-to-end energy management solutions are provided for utilities worldwide.
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| domain | founded_year | HQ Location |
Energy efficiency and smart grid management solutions
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| domain | founded_year | HQ Location |
Smart panels for home energy management are provided by Span.IO.
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| domain | founded_year | HQ Location |
Automotive lighting equipment is manufactured by Osram in Germany.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Metry
Frequently Asked Questions about Metry
When was Metry founded?
Metry was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Metry located?
Metry is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Metry?
Magnus Luttkens is the current CEO of Metry. They have also founded this company.
Is Metry a funded 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 Grant of $207.28K, raised on Sep 07, 2016.
What does Metry do?
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.
Who are the top competitors of Metry?
Metry's top competitors include Particle, Landis+Gyr and Signify.
What products or services does Metry offer?
Metry offers Metry Platform and Energy Management Tool.
Who are Metry's investors?
Metry has 5 investors. Key investors include SEB, European Union, Chalmers Ventures, EVORA, and Almi Invest.
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