Private investment firm Summa Equity has sold Kiona, a proptech firm and developer of a building energy efficiency software platform that allows users to monitor, control and optimise their energy consumption, to global energy efficiency specialist CAREL.
Private investment firm Summa Equity (Summa) has sold Kiona, a proptech firm and developer of a building energy efficiency software platform that allows users to monitor, control and optimise their energy consumption, to global energy efficiency specialist CAREL.
The use of Kiona’s technology in 2022 saved users 215m kWh – equivalent to the power needed to heat over 17,900 average homes for an entire year.
Kiona has a team of around 145 people working across Europe, in Denmark, Finland, Germany, Norway, Poland, Sweden, and Switzerland.
Kiona was the first investment made by Summa Equity Fund I, meeting UN Sustainable Development Goals #7 (affordable and clean energy), #11 (sustainable cities and communities), and #13 (climate action).
William Blair acted as exclusive M&A advisor to the shareholders of Kiona.
