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DateInvestorsAmountRound
investor

€0.0

round
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$2.2m

Valuation: $14.4m

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-56 %86 %18 %
Profit0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x

Source: Dealroom estimates

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More about LEDCity AG
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LEDCity AG is a cleantech company based in Zurich, Switzerland, that specializes in intelligent lighting systems for commercial and industrial clients. The firm was founded in 2017 by Patrik Deuss, who serves as CEO, and Florian Gärtner-Wyniger, the company's CTO. The initial concept for the company originated from Deuss's bachelor's thesis in energy and environmental engineering, where he developed a prototype for a sensor-controlled lighting system after observing significant energy waste from continuous lighting in large buildings. Gärtner-Wyniger, an electrical engineer, collaborated with Deuss to further develop the prototype, leading to the formal establishment of the company.

LEDCity's core business revolves around a plug-and-play, decentralized lighting system that reduces energy consumption by as much as 80% compared to conventional LED systems. The company’s revenue model is based on selling its smart lighting products, including the NOMUS series of tubes and sensor nodes. Its system embeds microcomputers and up to five sensors in each light source, which use AI-driven algorithms to autonomously and dynamically control lighting duration and intensity based on real-time needs. This approach eliminates the need for complex, centrally controlled management systems. Beyond illumination, the collected sensor data on metrics like movement, brightness, humidity, and temperature can be used to optimize other building operations, such as cleaning and security.

Since its inception, LEDCity has achieved several significant milestones. Early pilot projects in 2017 were supported by the Swiss Federal Office of Energy. By 2018, the company had secured projects with major clients like Zurich Airport, ETH, and the University of Zurich. The company reached its first million in revenue in 2019 and began international expansion in 2020 by establishing a presence in Germany and later in Spain. LEDCity has successfully raised a total of $5.54 million over three funding rounds, with investors including Credit Suisse and the Technology Fund. The company has received multiple accolades, including the De Vigier Award in 2021 and the prestigious Green Business Award in 2023.

Keywords: intelligent lighting, cleantech, energy efficiency, smart building technology, commercial lighting, IoT sensors, AI-optimized lighting, plug-and-play lighting, facility management optimization, real estate technology, sustainable building solutions, energy cost reduction, decentralized lighting control, NOMUS, automated lighting, building operations data, sensor networks, Swiss cleantech, Green Business Award winner, smart infrastructure

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