Watt Footprint secures 7m investment from Davy EIIS Fund for global expansion [Video]

Energy management company Watt Footprint has secured investment of €7m in a funding package led by the Davy EIIS Fund.

The strategic investment by Davy EIIS Fund, a joint venture between Davy and BDO managed by BES Management DAC, is intended to accelerate Watt Footprint’s market expansion and help to further develop its technology platform.

“Watt Footprint, under the leadership of Paul Mahon and Paul O’Reilly, has demonstrated an innovative approach to energy management which has already made a significant impact in the market,” said Sinead Heaney, director BES Management DAC.

“We are thrilled to support their dynamic team as they embark on this next phase of growth and expansion. This investment underscores our belief in their vision and our commitment to backing ambitious businesses that are shaping a more sustainable future.”

Established in 2020, Watt Footprint has developed a proprietary software and technology platform that uses AI and machine learning to provide detailed …