When was NIBE Group founded?

NIBE Group was founded in 1952 and raised its 1st funding round 65 years after it was founded.

Where is NIBE Group located?

NIBE Group is headquartered in Markaryd, Sweden. It is registered at Ft. Wayne, Indiana.

Who is the current CEO of NIBE Group?

Gerteric Lindquist of NIBE Group.

How many employees does NIBE Group have?

As of May 31, 2026, the latest employee count at NIBE Group is 2812.

Is NIBE Group a funded company?

NIBE Group is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 15, 2017.

When was the latest funding round of NIBE Group?

NIBE Group's latest funding was a $***** Grant (prize money) round on Nov 01, 2017, with participation from 1 investor.

Where does NIBE Group rank among its competitors?

NIBE Group ranks 6th amongst 39 active competitors, of which 9 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Aira, which secured $175M in Aug, 2025.

Who are the top competitors of NIBE Group?

NIBE Group's top competitors include Operto, Tibber and Axiom Cloud AI. Among them, Aira secured the most recent funding round in August, 2025.

NIBE Group - 2026 Company Profile, Team, Funding & Competitors

NIBE Group is a public company based in Markaryd (Sweden), founded in 1952 by Nils Bernerup. It operates as a Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally. NIBE Group has raised an undisclosed amount in funding. The company has 39 active competitors, including 9 funded and 4 that have exited. Its top competitors include companies like Operto, Tibber and Axiom Cloud AI.

Company Details

NIBE Industrier AB, operating under the NIBE Group, focuses on sustainable energy solutions to help reduce greenhouse gas emissions globally. They specialize in Climate Solutions, Element, and Stoves, offering a wide range of eco-friendly and energy-efficient products.

Website: nibe.com
Social
Email ID: *****@nibe.com
Phone Number: +46 **********
Registered Address: Ft. Wayne, Indiana

Key Metrics

Founded Year

1952

Location

Markaryd, Sweden

Stage

Public

Latest Funding Round

Grant (prize money), Nov 01, 2017, $*****

Investors

ELM Responsible Investments & 1 more

Ranked

6^th among 39 active competitors

Employee Count

2,812 as on May 31, 2026

Investment & Acquisitions

LS Control & 30 more

Similar Companies

ecobee & 1062 more

Exit Details

Public

View NIBE Group's full profile

NIBE Group is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NIBE ENERGY SYSTEMS LIMITED CIN: 5764775 , United Kingdom, Active	Mar 30, 2006	$10M - $50M (As on Dec 31, 2024)	44 (As on Dec 31, 2024)
NIBE INDUSTRIER AB CIN: 0686.797.117 , Belgium, Active	Dec 26, 2017	-	-	-
NIBE ENERGY SYSTEMS, INC. CIN: 990368191 , United States, Active	Dec 31, 1999	-	2859 (As on Dec 31, 2024)	-

NIBE Group got listed on Oct 08, 2004.

Click here to take a look at NIBE Group's IPO in detail

NIBE Group has raised funding over 3 rounds. Its first funding round was on Jun 15, 2017. Its latest funding round was a Grant (prize money) round on Nov 01, 2017 for $*****. 1 investor participated in its latest round. NIBE Group has 2 institutional investors.

Here is the list of recent funding rounds of NIBE Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 01, 2017	8342034	Grant (prize money)	2562871	9811812	5429846	6295451
Oct 01, 2017	5525958	Grant (prize money)	7320442	8769433	9160988	Europa
Jun 15, 2017	1542900	Grant (prize money)	1194535	6017290	7578746	Europa

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View details of NIBE Group's funding rounds and investors

The founders of NIBE Group is Nils Bernerup. Gerteric Lindquist is the CEO of NIBE Group.

Here are the details of NIBE Group's key team members:

Nils Bernerup: Founder of NIBE Group and founder of 1 other company.
Gerteric Lindquist: CEO of NIBE Group.

View details of NIBE Group's Founder profiles and Board Members

NIBE Group's employee count trend

NIBE Group has 2,812 employees as of May 26. Here is NIBE Group's employee count trend over the years:

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Top competitors of NIBE Group include Operto, Tibber and Axiom Cloud AI. Here is the list of Top 10 competitors of NIBE Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Operto 2005, Vancouver (Canada), Series B	Provider of cloud-enabled property automation and access control solutions	$40.7M	Centana Growth Partners, FUSE & 6 others	62/100
2nd	Tibber 2016, Stockholm (Sweden), Series C	Provider of a digital platform for electricity consumption management and insights	$177M	Summa Equity, Founders Fund & 10 others	60/100
3rd	Axiom Cloud AI 2014, Oakland (United States), Series A	AI & SaaS-driven refrigeration management solution for facility managers	$27.9M	Blue Bear Capital, Windsail Capital Group ... & 11 others	60/100
4th	Aira 2022, Stockholm (Sweden), Series C	Provider of heat pumps solution for energy efficiency	$333M	Kinnevik, Temasek & 8 others	59/100
5th	Yale 1840, Stockholm (Sweden), Acquired	Provider of smart locks	-	-	59/100
6th	NIBE Group 1952, Markaryd (Sweden), Public	Provider of sustainable energy solutions contributing to reducing greenhouse gas emissions globally	-	ELM Responsible Investments, Europa	49/100
7th	DREM 2022, Stockholm (Sweden), Seed	Installer of air-water, air-air, exhaust air, and geothermal heat pumps	$5.97M	Peak, Byfounders & 14 others	41/100
8th	Sally R 2016, Vasteras (Sweden), Seed	IoT & cloud-based energy-efficient ventilation solutions	$114K	PÄAB, Almi Invest & 7 others	40/100
9th	NODA 2005, Karlshamn (Sweden), Acquired	SaaS-driven energy management solution for commercial spaces	$247K	AP6, Latour & 4 others	40/100
10th	Ngenic 2010, Uppsala (Sweden), Public	Smart thermostat for homes	$1.65M	Vinnova, EIT InnoEnergy & 1 others	38/100

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NIBE Group has made 2 investments in companies including Go Geothermal and Enertech Global. NIBE Group has also acquired 29 companies including LS Control and Ceramicx.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 20, 2023	Acquisition	LS Control	1969	Herlufmagle (Denmark)
Jul 20, 2023	Acquisition	Ceramicx	1992	Cork (Ireland)
Jul 05, 2023	Acquisition	Solzaima	1978	Agueda (Portugal)