- 24
- February
2020
Solar data manager Solytic raises Series A from EWE and Vattenfall
Data is key and enables new business models. The more data you have the better. This is also true in the solar industry and that’s why solar data manager Solytic is a hot startup these days. We’re happy to break the news that Solytic celebrates the first closing of its Series A raising almost €5M from new investor EWE and existing investor Vattenfall, 2 of the top 5 utilities in Germany. As a result, Vattenfall owns a bit more than 20% and EWE a bit less than 20%. The A round was also joined by 3 business angels led by ex-Goldman Sachs banker Frank Oliver Lehmann. EWE’s impressive investment manager Justin Müller met Solytic’s Enrico Ohnemüller and Vattenfall’s Alexander Hain on 16 May 2019 at Ecosummit Berlin and learned that Solytic was planning a new round. As EWE is transforming into a smart green utility that believes in the power of data and wants to grow its renewable energy business, the Berlin-based startup immediately looked like a good strategic fit and smart investment. In fact, Solytic is open to talk to new investors providing strategic value because the next financing round is already planned.
Read more- 21
- September
2012
Felix Krause pitches PV marketplace Milk The Sun
Ecosummit TV: Not only their name is cool but also their business model. Felix Krause pitches Milk the Sun at ECO12 Berlin. The Berlin-based smart green startup develops and operates an online marketplace for existing and planned PV systems connecting buyers and sellers. Milk the Sun’s goal is to establish solar investments as a liquid asset class that can be easily traded. There are several service providers attached to the marketplace that can help make a PV installation more effective and cost-efficient, thus increasing ROI. Milk the Sun is live in Germany, UK and Italy and looks for funding to accelerate their company growth.
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