Tunisian IoT Startup Wattnow Raises USD 1.3 Mn Pre-Series A Round

Tunisia-based IoT energy management solution Wattnow has closed a USD 1.3 Mn pre-Series A funding round, led by Katapult Climate and 216 Capital, with participation from Launch Africa Venture alongside Cross-Boundary, Oman Technology Fund, and a business angel from Saudi Arabia.

Wattnow helps companies take control and optimize their energy usage and extend the lifetime of their assets in order to reduce costs and carbon footprint. The core mission is to make a robust and accessible energy efficiency technology for both industrials, commercial buildings, and corporations. Wattnow will deploy the new funding into boosting its local sales and expand outside of Tunisia, targeting markets in Africa and the Middle East.