What Noventic does

Noventic GmbH is a Hamburg-headquartered building energy digitization group that delivers IoT-based hardware, software, and managed services to make residential and multi-party buildings climate-intelligent. The company operates as a holding over wholly-owned subsidiaries QUNDIS (Europe's largest independent metering device manufacturer, EMAS-certified since 2015, based in Erfurt), KALO (metering and installation services), KALORIMETA (metering service provider software and portals), imovis (Smart Meter Gateway operations), and KeepFocus (Danish energy visualization), plus a strategic minority stake in PropTech tado° acquired in 2021. Core product is the Climate Smart Solutions platform, comprising two modules: Heat Control (smart thermostats with adaptive hydraulic balancing via building-wide LoRaWAN) and Heat Sense (sensor-supported condition monitoring of central heating systems), supported by the noventic-Analytics portfolio tool, the award-winning Cards resident app, and the wohnen.noventic.com resident portal. The platform is BSI-certified via partner Power Plus Communications and integrated end-to-end from device manufacturing through professional installation to AI-supported data analytics.

The company serves three vertical segments: the Wohnungswirtschaft (housing industry) as the primary customer base, with secondary positions in the Energiewirtschaft (energy utilities) and Messdienstleister (independent metering service providers). Solutions target retrofit deployment in existing building stock using interoperable, retrofittable hardware that avoids major structural renovation, addressing the regulatory pressure of GEG, EED, CO2 pricing, and the German Smart Meter Rollout. The business model blends hardware sales (thermostats, sensors, metering devices), recurring software and platform subscriptions (analytics, dashboards, tenant apps), professional services (KALO mounting and onboarding), and managed metering services (submetering, SMGW operations, billing). Quantified outcomes include 15.5% average energy savings in multi-party buildings (KIT study, 2022-2023), up to 30% peak savings (BaltBest), and 17-23% consumption reductions via visualization (KeepFocus, Copenhagen), with 15% BEG subsidy eligibility for qualifying installations.

The go-to-market is sales-led B2B with direct enterprise field sales to housing companies and energy utilities, complemented by subsidiary channel delivery (KALO, KALORIMETA, QUNDIS) and event-driven demand generation through Berliner Energietage and sector webinars. The company maintains active regulatory engagement (Public Affairs function, EU Green Deal positioning) and has secured independent third-party validation (KIT, BaltBest) plus TÜV and EMAS certifications to support compliance-driven sales cycles.

Name

Noventic

Legal name

noventic GmbH

Website

https://noventic.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Noventic is a Hamburg-based group providing IoT building energy digitization — smart thermostats, metering devices, and AI-supported analytics — to German housing companies, energy utilities, and metering service providers across DACH and Europe.

Ownership category

akta.pro rank

Product category

Building Energy Management Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Custom Computer Programming Services (541511)

SIC

Electric, Gas & Sanitary Services (4900), Totalizing Fluid Meters & Counting Devices (3824), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Grid Data & Analytics Enablement (MDM, Data Integration, Hosting) (EUAEANAI)

akta.pro secondary industries

Microgrids & Energy Management Controllers (Campus/Community/Industrial) (EUADAPAE), Field Area Network (FAN) & Backhaul for AMI (EUADAFAE)

Keywords

• Building energy efficiency
• Smart metering solutions
• Submetering services
• IoT building digitization
• Heat cost allocation

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Smart Thermostat and Sensor Hardware Sales: Sale of smart thermostat devices (smart radiator thermostats), sensors, and IoT hardware components for building energy management. Devices are retrofittable and compatible with standard valves, sold to housing companies and property managers for deployment across residential portfolios.
2. Software and Platform Subscriptions: Ongoing subscription revenue from the noventic platform and analytics tools (noventic-Analytics, Climate Smart Solutions platform), tenant apps (Cards), and building management dashboards. Includes monitoring, AI-driven optimization, and ESG reporting capabilities.
3. Professional Services (Montage, Installation, Onboarding): Full-service offering including device provisioning, professional installation through KALO technicians, resident onboarding, and ongoing facility management services for Heat Sense components. Provided as a bundled service with hardware and software.
4. Submetering and Metering Services: Through subsidiaries KALO and KALORIMETA, provides submetering services for housing companies including consumption data collection, billing support, and Smart Meter Gateway operations for multi-utility metering points.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Noventic provides IoT-based digital infrastructure, software platforms, and metering services that make residential and commercial buildings climate-intelligent and energy-efficient. The company combines sensor hardware, smart thermostats, LoRaWAN radio infrastructure, AI-driven analytics, and Smart Meter Gateway technology to deliver building energy management solutions, submetering, and consumption visualization. It sells to housing companies, energy utilities, and independent metering service providers through direct sales and subsidiary channels (KALO, KALORIMETA, QUNDIS, imovis, KeepFocus).

Product overview

Noventic is a building digitization and energy efficiency company operating as a group of companies that provides an integrated portfolio of IoT-based hardware-software solutions for climate-intelligent (klimaintelligente) buildings. The core product is Climate Smart Solutions, a sensor-supported, technology-open, AI-based management system consisting of two main modules: Heat Control (smart thermostats with adaptive hydraulic balancing via LoRaWAN) and Heat Sense (heating system monitoring and condition monitoring). The integrated Smart Heating solution (Smart Heizen) for multi-party residential buildings combines hardware (tado° smart thermostats), mounting/maintenance services (KALO/KALORIMETA), and a LoRaWAN radio network. Supporting products include the Cards resident app for energy consumption visualization (ZIA award winner 2018), the wohnen.noventic.com resident portal, and noventic-Analytics for building-specific efficiency projections. The group portfolio includes subsidiary brands QUNDIS (metering equipment manufacturing, EMAS-certified) and KALORIMETA/KALO (metering service operations). Solutions are targeted at three customer segments: housing industry (Wohnungswirtschaft), energy industry (Energiewirtschaft), and metering service providers (Messdienstleister).

Differentiator

Problem solved

Functional benefit

Brands

• Climate Smart Solutions: Sensor-based software-hardware solutions for efficient, transparent, and predictive building operations, combining IoT sensor technology, real-time operational data, AI-powered analysis, and automatic alert functions.
• Smart Heizen
• Cards App

Products and services

• Climate Smart Solutions
• Smart Heizen (Smart Heating) for Multi-Party Buildings Integrated smart thermostat solution for multi-party residential buildings, combining KALO mounting and tenant management services, tado° smart thermostat hardware, and an interoperable LoRaWAN radio infrastructure. Delivers validated 15.5% average energy savings in rental households.
• Cards App Resident-facing smartphone application that visualizes energy consumption of electricity, water, and heat, displaying personal benchmarks, cost comparisons, CO2 avoidance goals, illustrated energy-saving tips, weather forecasts, and landlord-tenant communication features. Targets tenants of housing companies and property managers.
• noventic-Analytics Analytics tool used to calculate building-specific effects and efficiency projections of the end-to-end smart heating solution across property portfolios, providing transparency on economic viability of energy efficiency measures. Targets housing companies and property managers.
• QUNDIS Metering Devices European metering equipment manufacturer and subsidiary of noventic group, based in Erfurt, Germany. Produces smart metering devices, heat cost allocators, water meters, and submetering equipment. EMAS-certified since 2015 with a Europe-wide device return and recycling system.
• KALORIMETA Metering Services Submetering service provider and subsidiary of noventic group, offering submetering, smart meter gateway management, portal solutions, and software solutions for independent metering service providers (freie Messdienstleister). Includes mounting, onboarding, and maintenance services.
• wohnen.noventic.com Resident Portal Web portal and platform for tenants and residents providing tips, guidance, and information on climate-friendly, energy-efficient living, complementing the smart thermostat and metering infrastructure. Targets residential consumers in housing company portfolios.

Quantifiable outcome

• 15.5% average energy savings in multi-party buildings (validated by KIT study, Nov 2022–Feb 2023)
• +8 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• tado°coreStrategic or Co-development Partner · 18 May 2021noventic acquired a strategic stake in tado°, a leading smart home climate management company, as part of a 38 million Euro investment round (involving noventic and existing shareholders). The partnership aims to develop new solutions for efficient heating and cooling in residential buildings, specifically adapting tado°'s consumer smart thermostat technology (3M+ devices in 400K+ households) for the professional housing industry market. noventic provides technologies for consumption data capture, data infrastructure, and platform solutions, while tado° contributes smart heating and AC control products.
• Power Plus Communications AG (PPC)coreTechnology or IntegrationPPC is a strategic technology partner and the first company to receive BSI certification for its Smart Meter Gateway in Germany. noventic leverages PPC's SMGW technology as the communication backbone for its building digitization solutions, enabling secure data transmission from meters to the noventic platform. The partnership is critical for the Smart Meter Rollout and cross-sector data integration.
• KALOcoreChannel Partner/ Reseller/ DistributorKALO is a core subsidiary channel partner providing metering services, smart meter gateway services, and installation services for the housing industry. KALO's wohnungswirtschaftliche (housing industry-focused) service offerings include mounting services, property manager services, and tenant services, all integrated into noventic's building digitization solutions.
• KALORIMETA GmbHcoreChannel Partner/ Reseller/ DistributorKALORIMETA, a subsidiary of noventic group, provides metering service provider solutions including portal and software solutions for independent metering service providers (freie Messdienstleister). Dr. Bardia Rostami serves as Head of Business Development for both KALO and KALORIMETA.
• Karlsruher Institut für Technologie (KIT)minorStrategic or Co-development PartnerKIT conducted an independent scientific study (April 2023) on energy savings from smart thermostats in multi-party buildings as part of noventic's lighthouse project. The study validated 15.5% average energy savings, providing scientific credibility for noventic's solution claims. KIT's Institute for Technology and Management in Construction, Facility Management department conducted the research.
• Danish Technological Institute / KeepFocusminorStrategic or Co-development PartnerKeepFocus, a Danish noventic subsidiary, conducted a multi-year study (December 2016–June 2019) in Copenhagen on the impact of digital consumption visualizations on energy behavior. The study demonstrated 17% heating savings and 23% hot water savings, informing noventic's approach to tenant engagement through its Cards app.
• DIWO Living (Dillmann Immobilien)minorChannel Partner/ Reseller/ DistributorDIWO Living is a property developer partner that collaborated with noventic to create a 'new digital home' — a 129-apartment building in Rüsselsheim fully equipped with noventic's metering and digital infrastructure. The project serves as a showcase for digital building management, combining submetering, Smart Meter Gateway, broadband powerline networking, and tenant apps.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• tado°: Munich-based smart thermostat company in which noventic holds a minority stake. Direct peer in smart heating controls; tado° focuses on consumer/single-family home market while noventic targets the multi-party housing industry, making them complementary and partially overlapping.
• Diehl Metering: German-headquartered manufacturer of smart metering devices for heat, water, and electricity. Directly comparable to noventic's QUNDIS subsidiary in metering hardware; serves similar European housing and utility customers.
• Kamstrup: Danish smart metering solutions provider offering heat, water, and electricity meters plus analytics platforms. Direct peer in European submetering and smart meter infrastructure, with similar regulatory exposure across DACH and Nordics.
• Discovergy: German smart metering and energy data services company focused on real-time consumption monitoring for households and businesses. Comparable to noventic's metering-as-a-service and analytics offering in the German market.
• Zenner: German-headquartered manufacturer of metering solutions for heat, water, and gas with associated IoT and reading infrastructure. Direct peer to QUNDIS and KALORIMETA in German and European submetering markets.

Broad incumbents

• Landis+Gyr: Swiss-headquartered global leader in smart metering and grid management infrastructure. Competes with noventic's Smart Meter Gateway and metering offerings as part of a much broader utility-scale portfolio.
• Viessmann: German family-owned heating, industrial, and refrigeration systems company. Operates in the same building energy space as noventic but from a hardware/HVAC systems perspective rather than controls and analytics.
• Bosch Thermotechnology: Division of Bosch providing heating, hot water, and air conditioning solutions for residential and commercial buildings. Overlaps with noventic on smart heating controls and serves overlapping housing industry customers with bundled HVAC offerings.
• Schneider Electric: Global energy management and automation company with EcoStruxure building platform. Comparable to noventic at the building energy management and analytics layer but addresses a broader customer base including commercial real estate and industrial facilities.
• Honeywell Building Technologies: Global building management systems and energy analytics provider. Comparable to noventic's Climate Smart Solutions platform but operates at much larger scale and broader scope across commercial and institutional buildings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/noventicgroup
• LinkedInde.linkedin.com/company/noventicgroup
• Instagraminstagram.com/noventic

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Noventic