SET portfolio company, Sensorfact, which specialise in smart monitoring solutions for industry, has announced the successful completion of a €25 million investment round.
The round was led by the European growth investor Blume Equity, with participation from existing investors FORWARD.one, Korys, and SET Ventures. The investment will further propel Sensorfact’s mission to enable more efficient and sustainable industry through improving resource efficiency and machine uptime.
Sensorfact provides an all-in-one, self-install, easy to use and cost effective solution that enables manufacturers to significantly improve resource efficiency and machine uptime through smart monitoring of electricity, gas, water, and compressed air usage and prediction of maintenance needs. This contributes to the optimisation of operations, resource efficiency, and the achievement of sustainability goals.
The core USP is in the smart algorithms and productivity enablement tools the company uses to translate the data into actionable insights, with Sensorfact also providing the IoT hardware needed for the measurements.
Sensorfact, established in 2016, has over 150 employees across offices in Utrecht, Amsterdam, Berlin and Barcelona, and serves over 1,300 clients in 40+ countries.
The raised capital will be allocated towards entering new markets and optimising Sensorfact’s current product suite, expanding the range of resource categories measured. With this investment, Sensorfact will be able to serve industrial businesses on a global scale.
“We have already achieved remarkable energy savings for European industrial plants, underscoring our significant impact towards a net-zero future.” says CEO Pieter Broekema.
“While proud of our accomplishments so far, we are committed to broadening and deepening our product portfolio, continuously creating innovative solutions that tackle industrial waste throughout the entire production process. We aim to venture into new markets, enabling companies worldwide to monitor their production processes and achieve savings.” he continues.
This latest investment round marks another significant milestone in Sensorfact’s journey of growth and innovation. In January 2022, the company had already secured a €13 million investment from prominent investment firms FORWARD.one, Korys, and SET Ventures. This latest investment round marks yet another significant milestone in Sensorfact’s journey of growth and innovation.
Pieter Broekema says: “We deeply appreciate the trust of our investors and our dedicated employees. With Blume Equity on board, we are confident that we will continue to drive innovation towards a greener and more sustainable industry even faster.”
Eleanor Blagbrough, co-founding Partner of Blume Equity, says: “Sensorfact is a fantastic company, epitomising the kind of inherently impactful business we seek to back: Europe’s industrial SMEs need to improve their resource efficiency and this presents both a compelling impact and business opportunity. We are delighted to be partnering with Pieter and the team on this next exciting stage of Sensorfact’s scale-up journey, supporting them on their continued geographic and product expansion”
Existing investors (FORWARD.one, Korys, and SET Ventures) also participated in this round. All three have a fundamental belief in the mission, and were impressed with the company’s pace of growth and their success in expanding their product offering. Existing investors are excited to continue the collaborative journey, and are looking forward to the next phase with Blume on board.
For media inquiries, please contact:
Karel Nanninga, Head of Growth & Strategic Projects
Niels Dijk, Head of HR & Strategic Projects