Connect24.io

What Connect24.io does

Connect24.io (legal entity CONNECT 24 IBERICA SL) is a Spanish IoT software company founded in 2023 and headquartered in Palma de Mallorca, Balearic Islands. The company operates an integrated real-time monitoring platform that ingests data from a broad sensor catalogue — electrical meters, water meters, flood and gas detectors, temperature, humidity, pressure, CO2 and air-quality probes, refrigeration cameras, solar inverters, and motor-vibration sensors — over WiFi, 5G, and LoRaWan connections, with samples reported as frequently as every second. A centralized cloud dashboard and a 24/7 Control Center in Palma de Mallorca enable continuous auditing of building technical installations, predictive maintenance, incident management, and compliance reporting for energy, water, air-quality, and safety regulations.

The platform is delivered as a multi-stream business: recurring SaaS subscriptions, one-time IoT hardware sales, and installation/professional services executed either directly or through a network of authorized installation partners and system integrators. Pricing is not publicly disclosed and is built per deployment. Distribution combines direct enterprise sales (with on-site 'visita' assessments) for hotels and large commercial accounts, an authorized-partner channel for mid-market hardware deployment, and Spain's Kit Digital government program (Red.es) as an SMB acquisition channel. Primary customers are tourism-sector properties (hotels, resorts, vacation rentals) in the Balearic Islands, with secondary segments in residential/commercial buildings and industrial/maintenance facilities across Spain.

Connect24.io is privately held with no disclosed external equity investors; capital sources to date are non-dilutive public funds, specifically an EU NextGenerationEU grant under Spain's Recovery, Transformation and Resilience Plan targeting tourism-sector energy efficiency, and accreditation as a Kit Digital digitalization provider. The company employed 6 people at the time of available data and operates solely within Spain, with the platform and a managed-service add-on (Connect24 Protect, which provides delegated monitoring of critical infrastructure) representing its principal product surface.

Name

Connect24.io

Legal name

CONNECT 24 IBERICA SL

Website

https://connect24.io

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Connect24.io is a Spanish IoT platform that monitors building technical installations in real time — covering water, electricity, gas, HVAC, and air quality — via sensors and APIs. It serves primarily tourism-sector properties, with secondary segments in residential, commercial, and industrial facilities across Spain, through SaaS subscriptions plus hardware sales.

Ownership category

akta.pro rank

Product category

IoT Building Monitoring Software

NAICS

Computer Facilities Management Services (541513), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Integrated Systems Design (7373), Computer Communications Equipment (3576)

akta.pro primary industry

Waste Management & Smart Sanitation (Facilities) (HSAPAPAM)

akta.pro secondary industries

Network Monitoring & Smart Water Sensors (Pressure/Flow/Noise Loggers, IoT) (EUANAKAB), Gas Utility IoT (Pipeline Monitoring, Smart Regulators, Leak Detection) (EUADAPAL), Online Monitoring, Sensors & Instrumentation (SCADA-integrated analyzers, probes, samplers) (EUANAJAC)

Keywords

• IoT building monitoring
• Facility management software
• Energy consumption tracking
• Predictive maintenance platform
• Smart building sensors

Headquarters

HQ city

Palma de Mallorca

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. SaaS Platform Subscription: Recurring subscription fees for access to the Connect24.io monitoring platform, including software updates, cloud hosting, analytics, and support services.
2. Hardware Sales: Sale of IoT sensors and monitoring equipment required for installation at customer sites. These are typically one-time hardware purchases that complement the recurring software subscription.
3. Installation and Professional Services: Installation services provided through authorized partners or directly for sensor deployment, configuration, and initial setup of the monitoring system.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Connect24.io provides an IoT-based SaaS platform that monitors and audits technical installations in real time through automatic sensor reading and third-party system APIs, covering water, gas, electricity, HVAC, refrigeration, pools, solar panels, and air quality. The offering combines the Connect24.io Platform with the Connect24 Protect delegated monitoring service operated from a 24/7 Control Center in Palma de Mallorca. Customers include hotels, residential and commercial buildings, and industrial facilities across Spain, with deployment supported by IoT sensor hardware, network connectivity, and an authorized installer partner network.

Product overview

Connect24.io is a unified monitoring platform for technical installations that combines sensor-based monitoring with API integrations. The core product is the Connect24.io Platform, which provides real-time monitoring, auditing, and optimization of technical installations. The Connect24 Protect add-on module offers delegated management services from a 24/7 Control Center for critical infrastructure monitoring. The platform monitors areas including water cycle management, electrical management, production temperature, water quality, industrial refrigeration, machine rooms, photovoltaic systems, and air quality.

Differentiator

Problem solved

Functional benefit

Brands

• Connect24 Protect: A delegated management service from their Control Center, monitoring critical infrastructure, machine rooms, or any network-connected elements, providing continuous and efficient supervision for clients.

Products and services

• Connect24.io Platform An integrated SaaS platform that monitors and audits technical installations in real time through automatic sensor reading and third-party system APIs, providing property owners and managers with a clear, objective view to optimize operations, comply with regulations, and improve installation efficiency across water, electrical, HVAC, refrigeration, water quality, machine rooms, photovoltaic, and air-quality domains.
• Connect24 Protect A delegated monitoring service operated from the company's Control Center that supervises critical infrastructure, machine rooms, or any network-connectable element for clients, providing continuous and efficient 24/7 oversight.

Quantifiable outcome

• Energy consumption reduction

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature4 records

Partnerships

One partnership is on record.

• Kit Digital (Red.es)coreGTM or Marketing PartnerConnect24.io is an accredited solution provider under Spain's Kit Digital program, administered by Red.es (public business entity under the Ministry of Digital Transformation). This government initiative provides digitalization subsidies for SMEs, allowing Connect24.io to reach smaller tourism and commercial businesses that may not have budgeted for digital transformation. The partnership enables customer acquisition through government-backed funding.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• 75F: 75F is an IoT-based smart building platform offering real-time monitoring and predictive control of HVAC, lighting, and air quality for commercial buildings. Highly comparable to Connect24.io's multi-system monitoring approach and target customer base of building owners/managers seeking energy efficiency.
• Switch Automation: Switch Automation is a building analytics platform that integrates disparate building systems (HVAC, lighting, energy, water) into a unified performance dashboard. Closely mirrors Connect24.io's positioning of unifying multiple utility and building systems into a single monitoring view.
• Verdigris Technologies: Verdigris provides AI-powered energy monitoring using IoT sensors on electrical panels to deliver real-time consumption analytics and anomaly detection. Comparable to Connect24.io's energy monitoring module and predictive analytics capabilities for technical installations.
• Enertiv: Enertiv provides real-time building analytics and IoT sensor-based monitoring of energy, water, and equipment performance for commercial real estate. Directly comparable to Connect24.io in both technology stack (IoT + analytics) and value proposition (monitoring technical installations to optimize resource use).
• Nuuka Solutions: Nuuka offers an IoT-based building optimization platform that integrates HVAC, lighting, and energy data into a single management interface. Directly comparable to Connect24.io in technology (IoT sensors, cloud platform, unified dashboard) and customer segment (commercial building owners).

Broad incumbents

• Accruent: Accruent provides facility and asset management software solutions including building operations, maintenance management, and IoT integrations for commercial real estate portfolios. Comparable to Connect24.io's predictive maintenance and centralized facility management positioning, though Accruent is software-focused without Connect24's sensor hardware layer.
• Schneider Electric (EcoStruxure): Schneider Electric's EcoStruxure platform offers comprehensive IoT-enabled building management and energy monitoring for commercial and industrial facilities. A broad incumbent whose offering overlaps significantly with Connect24.io but at enterprise scale across multiple building/utility domains globally.
• Siemens Building Technologies: Siemens offers Desigo CC and MindSphere-based building management platforms covering HVAC, energy, and facility monitoring. A large incumbent addressing the same IoT-enabled building operations use case as Connect24.io but with much broader product breadth and global reach.
• Honeywell Building Technologies: Honeywell's building technologies division provides BMS, energy management, and IoT-enabled facility monitoring through products like Niagara and Forge. A major incumbent competing for the same building/facility monitoring wallet, though targeting larger enterprise customers than Connect24.io's SMB/mid-market focus.

Emerging players

• Kaiterra: Kaiterra specializes in air quality monitoring with IoT sensors and a cloud platform for real-time environmental data. Overlaps with Connect24.io's air quality monitoring module and broader IoT-to-cloud architecture, though Kaiterra focuses more narrowly on indoor air quality.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/connect24-io

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Connect24.io