Lateral Frontiers Venture Capital (VC) has injected an undisclosed sum into Wattnow, a Tunisian startup specializing in energy management solutions. The investment, closed last month, comes from the firm’s newly closed Fund II, which targets high-growth ventures across Africa and beyond.

Founded in 2018 by Issam Smaali, Wattnow has developed a smart energy management system that empowers businesses to optimize their energy consumption. By identifying trends, waste sources, and anomalies, the platform helps companies reduce costs and minimize their environmental impact.

Wattnow has already made significant strides in the market, with its solution deployed on over 500 sites across three continents. The company’s recent expansion into France, with the establishment of a subsidiary in Toulouse, underscores its ambitious growth plans. The French office will serve as a hub for research and development, enabling Wattnow to strengthen its software and artificial intelligence capabilities.

Lateral Frontiers’ investment in Wattnow aligns with its focus on supporting innovative companies in the energy sector. The firm, which recently raised $28 million for its Fund II, aims to deploy the capital into African startups operating in financial services, energy, and business products and services.

Lateral Frontiers has a strong track record of investing in high-potential startups across emerging markets. The firm’s portfolio includes companies operating in various sectors, such as fintech, e-commerce, and healthcare.

With this investment, Lateral Frontiers reinforces its commitment to the African tech ecosystem, recognizing the region’s burgeoning talent pool and its potential to drive global innovation.