Overlab, a cleantech start-up that is building the digital infrastructure for the decarbonisation of European manufacturing, has announced that it has closed a €450,000 investment round, entirely in equity, led by the Zero accelerator, the cleantech programme of CDP Venture Capital’s National Accelerator Network. Several business angels and corporations, including Coesa Group, participated in the transaction. The transaction represents a strategic step towards consolidating the company’s technological development and accelerating the adoption of its hardware and software platform, Greenverse, at European level.
Greenverse is the first all-in-one Industrial IoT platform powered by AI that transforms decarbonisation into a cost-cutting tool through data collection and analysis. Overlab’s patented platform enables companies to measure the carbon footprint of their products in real time, optimise energy consumption and costs, and facilitate compliance with European regulations on product environmental footprint (PEF), directly contributing to the UN’s sustainable development goals on clean energy, responsible consumption and the fight against climate change.
The reference market is one of the most dynamic in the Industrial IoT sector, with aggregate spending of €38 billion. In Italy, Europe’s second largest manufacturing country, companies invest €4.4 billion in Industry 4.0 technologies every year, according to a statement released by the company.
The funds raised will be invested in product development, team expansion and market positioning consolidation. Overlab, which currently employs nine people (pictured is the team), plans to triple its resources over the next three years, aiming to build a team of experts in AI applied to industrial sustainability. The goal for 2028 is to install Greenverse in 300 customer plants and consolidate a team of about 30 people.
“Overlab was created to transform sustainability into a concrete advantage for companies,” says Giovanni Fracasso, CEO and co-founder of Overlab. “The support of investors allows us to accelerate the path of innovation and scale our impact, helping the Italian and European manufacturing sector respond to new environmental and regulatory challenges. Choosing to invest in technology and decarbonisation today means ensuring competitiveness, access to credit and new market opportunities. Our goal is to promote the twin transition: connecting industry and sustainability in a simple and scalable way, drastically reducing consumption and waste, with the ambition of becoming the benchmark in Europe for industrial decarbonisation based on data and AI.
“With Overlab, we have chosen to support a company that combines industrial vision and technological pragmatism,” says Stefano Molino, head of CDP Venture Capital’s Accelerator Fund. “Decarbonisation is no longer a reputational choice, but a competitive factor that affects market access and supply chain continuity. Overlab provides manufacturing companies with an immediately operational platform based on real-time data, capable of generating savings and reducing environmental impact. Zero’s role in promoting the growth of high-potential cleantech solutions is confirmed, supporting the transition to a more resilient, efficient and sustainable European industry.”
“During the acceleration process, we saw the Overlab team grow, structure itself and perfect its technology, which is now capable of redefining the way companies produce and optimise resources in their production processes,” says Elena Martelli, portfolio manager at Zest Investments. . “Overlab is a concrete example of how technology can reconcile efficiency, profitability and positive impact, contributing to the evolution of the manufacturing industry of the future.”
“Testing Greenverse in a real production environment clearly demonstrated the platform’s effectiveness: reduced consumption, early detection of anomalies and greater overall efficiency,” adds Andrea Scarano, innovation programme manager at ELIS Innovation Hub. “It is concrete proof of Overlab’s technological maturity and industrial potential.”
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