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Octopus backs Berlin’s metiundo with €40M to digitise building energy data

metiundo co-founders
Image credits: metiundo

Germany’s building sector accounts for 30% of energy-related emissions but has been slow to adopt smart metering, despite a national push to modernise. Complicated multi-property setups make it harder to roll out solar, batteries, and flexible grid solutions.

Berlin-based metiundo addresses these challenges as an independent metering point operator, providing ‘Energy Metering as a Service’ that covers everything from installation to data processing for energy and water.

Today, metiundo secured €40 million in funding from Octopus Energy Generation, increasing its installed base to over 21,000 meters. The investment will support software development, expand installation and software teams, and deploy integrated smart networks for data-driven energy optimisation.

Digitising every step of energy and water data for even the most complex buildings

Dennis Nasrun and Felix Mücke started metiundo in 2021, bringing together Nasrun’s experience in regulation and energy markets with Mücke’s background in IT and measurement technology from earlier startups. While consulting for utilities, they saw firsthand how fragmented metering was slowing down Germany’s energy transition.

Nasrun shares with TFN, “The founding team brings nearly 15 years of experience in smart metering across the DACH region and other European markets. Through this work, it became clear that the market was not being served adequately — particularly when it came to scalable, digital, and cross-utility solutions. At the same time, demand for smart metering and data-driven energy services was growing rapidly. metiundo was founded to close this gap with a more integrated and future-proof approach.”

The company aims to support decentralised energy transitions by linking consumption, generation, and flexibility in real time. The founders launched Metiundo to move faster than established players, building their own software from the ground up to stay ahead as the market evolves.

Nasrun adds, “At the core is a highly scalable internal platform capable of processing large volumes of metering data. This platform is tightly connected to a fully digital, end-to-end process chain — from installation and operation to data processing and downstream applications. This deep integration of technology, data model, and processes sets us apart from more fragmented solutions in the market.”

metiundo’s platform brings together planning, hardware installation, market communications, and data processing in one solution, giving each property a complete energy and water profile.

“metiundo takes a holistic approach to smart-meter data processing across all utility types (electricity, gas, heat, and water) within real estate portfolios. A key differentiator is that our data model is directly mapped to the underlying building structure, allowing consumption data to be interpreted in a meaningful, property-specific context,” Nasrun elaborates.

Unlike traditional systems that focus only on energy, metiundo runs its own operations with 70 staff managing over 21,000 meters. As an independent operator, it offers regulatory flexibility and adaptable software for features like demand response.

metiundo moves faster than traditional utilities, offering quicker and more flexible installations for complex properties. Its main competitors are Bidgely and Europris.

What about diversity?

On diversiy, Nasrun notes, “Currently, 33% of our overall workforce are women, and women hold 25% of leadership positions within the company. The average age across the team is 36, reflecting a mix of experienced industry professionals and younger talent.”

What’s next for metiundo?

The investment will help metiundo grow faster in 2026 by increasing its installation teams for multi-site networks, adding new platform features for solar and battery optimisation, and making the grid more flexible.

Nasrun concludes, “Our goal is to build integrated smart-meter networks across multiple properties and portfolios, enabling customers to benefit from advanced, data-driven value-addedservices. Over the next three to five years, we aim to significantly scale our operations while deepening the role of data intelligence in energy and building management.”

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