Yodiwo announces Brookstreet Equity’s investment in Yodiwo’s IoT Platform to boost its Post-Covid ESG portfolio
HETiA’s member Yodiwo announced Brookstreet Equity’s investment in Internet-of-Things (IoT) Platform Yodiwo, based in Sweden with R&D Center in the tech hub of Patras and implementation systems in Cyprus.
Yodiwo is a technology orchestrator which blends state-of-the-art IOT and artificial intelligence (AI) solutions that transform infrastructure management. Yodiwo is entrusted by international clients and partners such as Nokia, Engie, Vox, Dixons, BDF, Veolia, Microsoft, the Greek Government (Greece vs Virus Challenge) and several European Municipalities. The firm came 1st in the MIT Enterprise Forum GR and the European IOT Contest. The multilayer deal included an alignment of 22 multi-jurisdictional parties including founders, management team and angels.
Alex Maniatopoulos, CEO of Yodiwo AB, stated:
We are excited to be backed by Brookstreet, an investor with a clear commercial focus and wider social impact. Together with Omiros and the team at Brookstreet, we share the vision to lead the IOT and ESG agenda in infrastructure management. Brookstreet’s investment boosts our global expansion in a world that is rapidly changing and requires innovative products and solutions for tomorrows business problems, today. The deal benefits all stakeholders, including our teams to leverage on a global network platform, our customers with exceptional support and cutting-edge R&D pipeline, and our firm with best-in-class practices in governance, structures and systems
Omiros D. Sarikas, Managing Partner (CEO) of Brookstreet, stated:
The new decade brings focus on the environment, green technologies, infrastructure, environmental, social and governance (ESG) considerations, decarbonisation and smart planning. Yodiwo is firm founded by managers that grew and sold businesses internationally twice before. Yodiwo solutions apply to smart cities, intelligent buildings, interconnected homes, automated manufacturing and vertical applications, such as maritime. The way that Yodiwo and Alex handled this transaction, with resilience and sophistication, gives us a lot of confidence for the executive team and our equity partners. We welcome them to Brookstreet and are excited about the synergies with our portfolio
Brookstreet is a London-based investment group supporting companies which experience transformational growth. It was founded by M&A, McKinsey and CEO veterans to bring established scale up practices in asymmetric markets. Our mission is to be the leading investor and partner for innovative, high-growth-potential, outliers. We have a global network and platform which outreaches USA, UK, Continental Europe, Middle East and Asia. Brookstreet was recognised as a “DraxFuture40 Investor” that helps shape the future of Europe. Amongst its many awards, the firm takes particular pride in being a “Commercially Motivated” private equity house.
For more information please visit: https://www.yodiwo.com/brookstreet-announces-its-investment-in-yodiwo/
The HETiA Board of Directors