The Hamburg-based B2B start-up Vilisto has sealed a seven-digit investment from investors Christoph Birkel, Managing Director of Hit-Technopark in southern Hamburg and EIT InnoEnergy, who has been supporting the firm for a long time. This latest financing round comes after Vilisto won the Perpetuum 2019 prize with its intelligent radiator thermostats in April and allows the company to plan further growth.
Energy savings of around 40 per cent can be achieved with digital heating technology, Valisto said. Customers in the public sector and well-known companies have already purchased the thermostats which operate on artificial intelligence technology. The technology learns the user’s behaviour and monitors every room in a building so that the radiators can be controlled fully automatically depending on demand, weather and in advance. Vilisto’s reasoned strategy and targeted approach had won over the investors.
Strategic growth through smart capital
“We deliberately opted for smart capital when selecting the investors,” said Christoph Berger, founder and SEO of Vilisto. The smart capital trend emphasizes long-term and strategic growth and relies on investors’ experience and access to networks. Vilisto now plans to grow both its workforce and production. Its next project includes fully equipping a co-working space in Hamburg for the provider and heating solutions for urban clients.