Circadian raises €1.25M to accelerate the energy transition for telecom towers in frontier markets

We’re proud to announce our co-investment in Circadian, a member of the Rockstart Energy portfolio. This €1.25 million funding round was spearheaded by BayWa r.e. Energy Ventures, alongside Persistent Energy Capital, Great Stuff Ventures, Tofino Capital, Ralicap Climate, and Rockstart. The funds will be used to bolster Circadian’s Software as a Service (SaaS) data platform and ramp up operations to meet growing demand.

Based in Berlin, Circadian has developed an innovative Energy Management System hardware and SaaS solution that targets solar developers and asset owners, especially in grid-challenged emerging markets in Africa. Their all-in-one platform optimizes the entire project value chain, from site assessment and design to commissioning and asset management.

Circadian is playing a pivotal role in decarbonization, particularly in Africa. They are facilitating the transition from diesel generators to renewable energy systems for commercial and industrial (C&I) companies, with an initial focus on telecom tower companies across the continent. Their mission is to become a leading B2B platform for Distributed Energy Resources (DER) in emerging markets.

Commenting on the round, Max ter Horst, Managing Partner, Rockstar Energy shared:

“Telecom tower companies and C&I customers in emerging and established markets want to reduce their diesel generator consumption by implementing renewable-powered microgrids. Circadian supports them with a hardware and SaaS platform that turns complex projects into plug-and-play solutions. In this way, the company greatly enables the scaling of renewable energy use among customers. We are thrilled to participate in this funding round, led by BayWa r.e. Energy Ventures, which will enable Circadian to expand its business even further.”

We are proud to stand by Circadian as they continue on their exciting journey.