Climate technology · Hamburg, Germany
MeadowGrid
Vertical SaaS · Private equity-backed · Founded 2010
Revenue€55mIllustrative LTM
EBITDA€7.1m13% margin
Revenue growth+24%Year on year
Recurring revenue78%Estimated share
Employees238+17% year on year
Company view
High confidenceOperations software for distributed renewable-energy assets, from forecasting to maintenance planning.
Energy asset operationsVertical SaaSDACHPrivate equity-backed
Synthetic source fields
No live client dataBusiness modelVertical SaaS
OwnershipPrivate equity-backed
Revenue€55m
EBITDA€7.1m
Recurring revenue78%
International revenue48%
Investment thesis
What could be true- Structural demand from increasingly distributed energy infrastructure.
- Strong product depth across asset monitoring and field operations.
- Growth is translating into operating leverage.
Risks to resolve
Before advancing- Existing sponsor ownership may constrain timing and valuation.
- Project-led onboarding creates quarterly delivery volatility.
Screening dimensions
Deterministic v1.0Revenue quality1.6 / 2.0
78% recurring revenue provides a solid contracted base.
Scale1.5 / 1.5
€7.1m EBITDA sits inside the illustrative platform range.
Growth1.2 / 1.5
24% revenue growth indicates meaningful organic momentum.
Profitability0.8 / 1.5
13% EBITDA margin is credible with room for further leverage.
Market focus1.25 / 1.25
A sharply defined energy asset operations niche supports specialist positioning.
Product depth1.0 / 1.0
Named workflow coverage and proprietary data indicate deep product value.
International0.55 / 0.75
48% international revenue provides evidence of early cross-border repeatability.
Dealability0.3 / 0.5
Private equity-backed status suggests a process-driven exit with valuation tension.