Wattnow, a Tunisian startup specializing in smart energy management solutions, has announced the successful closing of an undisclosed funding round aimed at supporting its plans for global expansion.
The newly acquired funding will allow Wattnow to penetrate new markets and enhance its services as it assists businesses in adopting more sustainable energy solutions.
The funding round was led by Lateral Frontiers and 216 Capital, with additional participation from Outlierz Ventures, Satgana, Octerra Capital, and a group of strategic angel investors, including Guillaume Amblard and InstaDeep founder Karim Beguir.
InstaDeep, a Tunisian AI startup, was acquired by a biotechnology company in 2023 and has since invested in other Tunisian startups, including Clusterlab in March 2024.
Issam Smaali, the CEO, emphasized this development as a significant milestone, noting that their key clients, initially onboarded in Tunisia, are now operating across multiple continents, which showcases the global appeal and effectiveness of their solution.
