A
edifion, a German property technology provider, has secured €17 million in Series B funding to expand its real estate decarbonization platform. The company's AI-powered cloud platform helps reduce energy consumption and CO2 emissions by collecting data, identifying malfunctions, and optimizing building operations.

    Founded in 2017, Aedifion currently manages nearly 500 buildings across Europe, the UK, and the US, with over 5.8 million square meters of space. Its customers have reportedly reduced their portfolio CO2 emissions by up to 40%. The new funding will be used to accelerate expansion across Europe and improve its smart building control platform.

    Aedifion's CEO, Dr.-Ing. Johannes Fütterer, stated that the energy transition relies on smart buildings and artificial intelligence. The Series B round was led by Eurazeo, with existing investor Drees & Sommer increasing its commitment and participation from other investors including World Fund and Phoenix Contact Innovation Ventures.

    Eurazeo's Managing Director, Alice Besomi, said: "Aedifion's scalable platform is the easiest solution for asset managers to drive energy efficiency and emissions reduction across real estate portfolios." The investment will help scale Aedifion's impact across Europe.