Meteomatics, a company specializing in highly accurate weather information, has taken 13.5 million Swiss francs in a series B funding round. According to a press release, this was led by Klima, the energy transition fund established by the financial service provider Alantra in partnership with the gas network operator Enagás. Alantra and Enagás both have their headquarters in Madrid.
Meteomatics is headquartered in the St.GallenBodenseeArea and employs around 55 workers in Switzerland, Germany, and England. Meteomatics provides more than 400 companies around the world with the most accurate real-time weather information for any place and time. This is particularly in demand in the energy sector. Meteomatics Founder and CEO Martin Fengler comments: “Meteomatics offers solutions for the energy sector focused on the optimal integration of renewable energies into the electricity market, accelerating the transition towards renewables”. Meteomatics also provides tailored solutions for other industries, such as aviation or insurance. Fengler adds: “Ultimately, weather data can add significant value across industries.”
According to the press release, the funding round took place in a period of rapid growth for the weather information market. The latest information from Grand View Research estimates that this has a market volume of 11 billion US dollars. Driven by companies’ increasing interest in energy efficiency and renewable energy production, the global weather market is expected to reach a volume of 17 billion US dollars by 2027 with an anticipated growth rate of 9 to 12 percent per year.
