
LeaseGreen
Offers a new holistic solution to reduce energy consumption in large buildings.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
€1.6m | Early VC | ||
Total Funding | 000k |
EUR | 2022 | 2023 | 2024 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | (33 %) | (28 %) |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
% profit margin | 514 % | 35 % | - |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
LeaseGreen operates as a specialized service company focused on enhancing the energy efficiency of large-scale properties to improve profitability and environmental sustainability for its clients. The firm was established in 2013 by Tomi Mäkipelto and Juho Rönni, entrepreneurs with backgrounds in technology and finance, respectively. Mäkipelto, who previously led European energy and environmental activities at YIT and holds a PhD in economics and an MSc in technology, paired with Rönni, a Master of Science in Economics, to address the opportunities presented by advancements in energy efficiency and the urgent need for climate action. They identified a need to shift from piecemeal energy solutions to comprehensive, integrated approaches.
The company serves owners of large properties, including industrial facilities, office buildings, business premises, and housing cooperatives. Its business model centers on planning and executing modernizations of energy systems through a turnkey service model, which can include financing. This allows clients to implement energy efficiency upgrades without upfront capital investment, as the savings generated often exceed the service's monthly fees. LeaseGreen's offerings encompass energy investment proposals, complete modernization of building technology, and performance optimization using digital twins. The firm has developed a service partnership model to support clients throughout the entire lifecycle of their properties, creating roadmaps to minimize their carbon footprint through continuous monitoring and optimization. Technologies implemented include geothermal heat, heat pumps, solar energy, waste heat recovery, ventilation modernization, and smart controls.
A significant milestone was reached in 2018 when the Finnish family-owned investment company Hartwall Capital became a shareholder and invested €10 million in new capital to support LeaseGreen's growth and international expansion. This investment bolstered the company's capital structure while allowing it to remain entrepreneur-driven. The company operates in Finland and expanded into Sweden, with ambitions for further growth across other Nordic countries and Europe. By 2018, the company had grown to approximately 70 employees and achieved a revenue of over 30 million euros.
Keywords: energy efficiency services, large properties, cleantech, turnkey energy solutions, building technology modernization, energy system financing, carbon footprint reduction, property energy economy, sustainable real estate, geothermal energy, heat recovery, smart building controls, energy investment proposals, digital twin optimization, property lifecycle services, Hartwall Capital, Tomi Mäkipelto, Juho Rönni, Finnish cleantech, energy service company (ESCO)