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Utrecht-based Sensorfact, a climate-tech IoT scale-up that specialises in smart monitoring solutions for industry, announced on Wednesday that it has raised €25M in funding.
The round was led by European growth investor Blume Equity with participation from existing investors FORWARD.one, Korys, and SET Ventures.
The Dutch company says it will use the capital to accelerate expansion into new markets and optimise its current product suite. The investment will also help Sensorfact expand the range of resource categories measured and serve industrial businesses globally.
The announcement comes over a year after raising €13M in funding from FORWARD.one, Korys, and SET Ventures in January 2022.