SaaS platform Solteo, a French company aimed at renewable energy installers, has raised €1.5m in funding.
The investment round featured contributions from Axeleo Capital, Kima Ventures, Campus Fund, and prominent business angels from the solar and entrepreneurial sectors. The funds will support Solteo’s expansion across France and ongoing improvements.
By addressing inefficiencies in project management, Solteo provides a unified platform for tasks ranging from technical studies to site management, allowing installers to concentrate on installations.
“Every minute we save them is precious time to focus on what’s essential: installing panels and accelerating the development of solar power in France,” said Alexandre d’Auvigny, a co-founder of Solteo.
The platform
According to Solteo, its platform integrates administrative, technical, and financial tools, reducing the need for multiple software systems and optimising workflows for users.
Since launching its first administrative module in mid-2023, Solteo has facilitated over 10,000 projects across more than 100 users. In the future, the company plans to expand its platform into a full-suite solution that includes maintenance and financing capabilities.
“Solteo embodies the innovation needed to support France’s energy transition, enabling installers to focus on what’s essential: offering sustainable, profitable solutions,” concluded Manon Hias, the company’s CEO.
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