Enphase Energy acquires GreenCom Networks and Lunar Energy acquires Moixa
Exciting exit times for the Ecosummit community and joyful reasons to celebrate 2 happy endings of the famous startup investor relationship: On 29 August 2022, Enphase Energy announced its acquisition of GreenCom Networks and, on 24 August 2022, Sunrun announced that Lunar Energy acquired Moixa. Both exits are very similar: 2 US-based public solar energy companies are buying European startups to grab established software products, local teams and customers and accelerate their market expansion on the continent. GreenCom Networks first pitched at Ecosummit Berlin 2016 and Moixa at Ecosummit London 2014 and both smart green startups had many Ecosummit investors in their cap tables.
Read moreGreenCom Networks raises €12M Series C led by Shell Ventures
Breaking news at Ecosummit Zoom today: Founder CEO Christian Feißt unveils the €12M Series C of GreenCom Networks led by Shell Ventures and supported by new co-investor Energy & Environment Investment (EEI), Japan’s leading smart green VC making its first investment in Europe. With the help of EEI, GreenCom is already working on entering the Japanese market and talking to potential customers. Existing investors Centrica, Future Energy Ventures, Munich Venture Partners and SET Ventures, who all happen to be Ecosummit 2020 sponsors, participate in the new financing round of their portfolio star. The Munich-based company was founded in 2011, employs 65 energy, software and innovation experts, has a very strong management team and enjoys increasing commercial traction. In fact, GreenCom launched its Series C at our first Ecosummit Zoom 6 May 2020 and announced the closing 7 months later at our 8th Ecosummit Zoom 2 December 2020. Celebrating this funding milestone and our productive friendship, Christian just renewed their Ecosummit 2021 sponsorship. That’s the way we like it.
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