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Developer of a cloud-based software designed to solve complex optimization and forecasting tasks using artificial intelligence. The company's software supports energy companies is decision making process, by calculating forecasts for the future demand for electricity, gas or heat in real time.
Last updated
In 2024, ifesca's revenue reached $3.2M. The company previously reported $2.3M in 2023. Since its launch in 2016, ifesca has shown consistent revenue growth.
ifesca has not publicly disclosed its valuation. The company has raised $7.3M in total funding to date.
ifesca has raised $7.3M in total funding across 4 rounds, with its most recent round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2019 | Funding round | $3.3M | - | - | |
| 2018 | Funding round | $1.8M | - | - | |
| 2018 | Funding round | $1.2M | - | - |
CEO
CEO & Founder ifesca - AI-based decision support Energy Data Forecasting & Optimization. Experienced Managing Shareholder with a demonstrated history of working in the computer software industry. Skilled in Energy Management, Energy, Sustainability, Strategic Planning, and Business Strategy. Strong business development professional graduated from Technische Universität Ilmenau.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for ifesca yet.
ifesca employs approximately 42 people as of 2026, including 3 sales reps that carry a quota.
ifesca generates an estimated $3.2M in annual revenue.
ifesca was founded by Sebastian Ritter.
The CEO of ifesca is Sebastian Ritter.
ifesca raised $7.3M across 4 rounds.
ifesca has 42 employees.
ifesca is headquartered in Ilmenau, Germany.
ifesca operates across multiple industries. Browse revenue, funding, and growth data for ifesca in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$3.2M(Est.)
Funding
$7.3M
Team
42
Founded
2016
| Year | Milestone | Source |
|---|---|---|
| 2024 | ifesca Hit $3.2m revenue in October 2024 | Estimated |
| 2023 | ifesca Hit $2.3m revenue in October 2023 | Estimated |
| 2021 | ifesca Hit $1.4m revenue in April 2021 | |
| 2016 | Launched with $0 revenue |
| 2017 | Funding round | $970.7K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 42 employees (October 2024) | |
| 2023 | Reached 42 employees (October 2023) | |
| 2022 | Reached 37 employees (October 2022) | |
| 2021 | Reached 31 employees (December 2021) | |
| 2021 | Reached 24 employees (April 2021) |
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