Founded in 2021 in Augsburg, Bavaria, by Tristan Menzinger, Lars-Manuel Schneider, and Udo Sill, Reonic was built to empower SME renewable energy installers. The founders, who met while studying Industrial Engineering, aimed to simplify the increasingly complex renewable energy landscape, enabling installers to streamline operations and drive the energy transition forward.

Reonic’s platform functions as a comprehensive operating system tailored to the needs of renewable energy installers, helping them digitise their workflows and boost efficiency. Focused primarily on regional installers, the platform targets over 200,000 companies across Europe.

The startup has experienced significant growth, having tripled its recurring revenue in the past six months. In addition to scaling its original mission, Reonic plans to use the newly raised funds to expand into new markets, starting with France, and to grow its team, which currently has 21 members. Earlier this year, the company also opened a second office in Berlin to support its ongoing expansion.

Commenting on the raise, Lars-Manuel Schneider, Co-Founder of Reonic said: “Renewable technologies are one of the fastest growing markets in Europe, which is almost exclusively served by independent installers across the continent, which almost always lack digital tooling

“Our goal is to enable these installers to compete, grow, and win. First, by creating best-in-class software as the backbone of their workflows. And second, by offering adjacent services in procurement, payment, financing, and beyond. 

“Though we’ve had some real momentum since we started the business three years ago, in truth, we feel like we’re just getting started. We couldn’t be happier having Northzone, Point Nine, and Puzzle Ventures in our corner to help propel us, and our customers, to the next level.”

Markus Gleim, Principal at Northzone, said: “The energy transition is one of the most significant challenges and opportunities of our time. Reonic is at the forefront of this movement, offering a solution that not only simplifies the adoption of renewable technologies, but one that also drives significant progress towards a more sustainable future. We are proud to back a team that is making such a profound impact on the energy landscape.”

Jessica Schultz, Partner at Northzone, added: “Reonic's end-to-end software is precisely what installers have been searching for. It streamlines workflows and provides the digital tools necessary to manage the increasing complexity of renewable energy projects. We believe that the team with their complementary skillset is uniquely positioned to build the category-leading software solution in this space. We are excited to support Reonic as they continue to innovate and empower installers across Europe.”