Cost
€14m
Energy optimisation for data halls. Realised to Helio Energy.
3.46x
Cost
€14m
Proceeds
€48.4m
Sold
20 Mar 2025
Buyer
Helio Energy
No open monitoring flags.
€m, monthly
€m per month
Monitoring note
Kiln is the realised comp for the rest of the industrial map. A narrow operational loop, a buyer who already spent money on power, and a strategic that needed the team more than the model. It is why Cartograph is still in diligence and why we do not need another generic ‘AI for energy’ screen.
Sold after a partial realisation in August 2024. Total proceeds €48.4m on €14.0m of cost, 3.46x. The distribution is the bulk of Fund II DPI. Helio kept the Stockholm team and folded the control software into its data-hall product.