Ukrainian venture capital fund Flyer One Ventures has participated in a €2.5 million investment round for Heizma, an Austrian startup that provides a full cycle of electrification for private homes. The startup offers environmentally friendly and cost-effective tools.

Heizma’s founders raised €2.5 million from a group of investors, including: Flyer One Ventures, Bernhard Niesner, Daniel W. Dippold, Ignaz Forstmeier, Hanno Lippitsch, Christopher Zemina, Future Fund, Fiona Macintyre, Henrik Piroth, Karl Josef Seilern, Angel Invest, Laura Warnier, and others.

The team plans to use the funding to expand its operations throughout Austria, develop energy management technologies, launch new financial instruments, and other areas.

Heizma was founded by Michael Kowatschew, Alexander V. and Valentin Perkonigg. Flyer One Ventures emphasized that they are happy to support the team in its growth.

Earlier, Flyer One Ventures invested in Field Materials, a startup that digitizes the process of purchasing materials for construction companies.