TablePointer Founder Jason Tang
(An earlier version of this article wrongly mentioned the fund raised as US$3M. It has now been corrected.)
TablePointer, an energy-efficiency-as-a-service (EEaaS) startup in Singapore, has received over US$2.3 million in an oversubscribed seed funding round led by Wavemaker Partners, AgFunder, and ENGIE.
The funding will be used to add new features and product modules and enter fast-growing markets in Southeast Asia.
TablePointer helps businesses become more energy efficient through its EEaaS model. It provides IoT and AI solutions for energy efficiency at no upfront costs and manages their implementation, monitoring, and maintenance. Its plug-and-play energy efficiency technology primarily targets the food and beverage industry.
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By helping its customers reduce their energy consumption, TablePointer is helping to reduce greenhouse gas emissions and combat climate change.
Steve Melhuish, Chairman of TablePointer and Founding Partner, Wavemaker Impact, said: “The F&B industry has been slow to adopt sustainability solutions due to perceived lack of rapid ROI. TablePointer addresses this problem by offering a plug-and-play solution that provides immediate tangible savings and significant reduction in greenhouse emissions without any upfront costs. This has led to fast adoption by both small independent outlets and some of the largest most recognisable F&B chain brands.”
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