What is Itineris?
Established in 2003 and headquartered in Belgium, Itineris is a technology firm dedicated to providing specialized software and IT services tailored for the utility industry. The company focuses on delivering solutions that support energy and water companies across their unique value chains, enabling them to optimize operations and enhance service delivery. Itineris has built a reputation for its deep understanding of the utility sector's complex requirements.
How much funding has Itineris raised?
Itineris has raised a total of $21.1M across 2 funding rounds:
Private Equity
$10M
Private Equity
$11.1M
Private Equity (2015): $10M with participation from GIMV
Private Equity (2017): $11.1M led by PMV and Gimv
Key Investors in Itineris
GIMV
Gimv is a European investment company specializing in mid-market businesses across various sectors, including Smart Industries. They focus on partnering with ambitious companies to foster sustainable growth through long-term investment and expertise.
PMV
PMV is an investment company dedicated to shaping Flanders' economic future by financing companies from startup to international growth. They offer tailor-made financial solutions, including venture capital, for entrepreneurs with strong business plans.
What's next for Itineris?
The substantial enterprise-level funding, including the major strategic investment in 2017, positions Itineris for continued expansion and innovation. This capital infusion is likely to fuel further development of its software and IT service offerings, enabling the company to deepen its market penetration and potentially explore new technological advancements. The consistent backing from established investment firms suggests a strategic focus on scaling operations and enhancing its competitive edge within the utility technology market.
See full Itineris company page
