Paris-based climate tech Kelvin, which develops an AI-based software platform designed to assist professionals in the construction and real estate industries, has raised €5 million to accelerate home energy renovations.
- Founded in 2023 by Clémentine Lalande, Guillaume Sempé, and Pierre Joly, Kelvin platform utilizes AI to generate studies for the energy-efficient renovation of residential buildings, aiming to optimize renovation processes and enhance sustainability in the housing sector.
- Kelvin employs a team of 12 and partnered with tech companies, including CSTB, Nobatek, and Urbs.
Details of the deal
- The funding round was led by Racine², a venture capital firm that funds founders with a positive impact on society and the environment, with investment sizes ranging between €500,000 and €3 million.
- The funding round also saw participation from Seedcamp, Raise Capital, Kima Ventures, Motier Ventures, and several business angels in the renovation sector.
“We believe Europe has an edge to produce a picks-and-shovels winner in the gold rush that is energy-efficient renovations in real estate. We’ve met a number of teams building in this space and the seasoned founding trio of Clementine, Pierre and Guillaume stood out to us on many different levels. We’re super excited to back them on this journey,” Principal at Seedcamp, Felix Martinez, commented.
