Sunvigo raises €10M Series A led by Eneco Ventures
Finding the perfect lead investor is the most important milestone in venture capital financing rounds. In March 2021, we introduced Sunvigo to Eneco Ventures and started another promising relationship. As a result, our ecoportfolio company has successfully closed its €10M Series A led by the corporate VC arm of the Dutch utility. The second new Series A investor is Sparta Capital, a London-based multi-strategy fund with $500M assets under management (AUM) focused on smart green investments decarbonising our economy. The seed investors Übermorgen Ventures, Ecosummit and High-Tech Gründerfonds (HTGF), as well as a private real estate investor that joined in summer 2021, also make follow-on investments in the A round. The Cologne-based startup is a smart solar utility that bundles PV system, battery, asset financing, installation, operations, maintenance and insurance into one simple power contract and electricity tariff for homeowners in Germany, a very useful value proposition when energy prices are skyrocketing.
Read moreEcosummit Zoom 10 February 2021
Our mission is maximising our impact until 2030, the global deadline for carbon neutrality. We focus on connecting fundraising startups and active investors in smart green energy, mobility and cities. We kindly invite you to our 10th Ecosummit Zoom 10 February 2021 featuring 7 amazing speakers, including one of the most successful impact entrepreneurs who is a free business man again, recently rejuvenated and exploring new adventures: Christoph Ostermann (ex-Sonnen) is joined by Simon Koopmann (Envelio) who is launching their Series B, Freerk Bisschop (Rockstart), Michael Peters (Sunvigo), Erin Ericson (Vestemi), Monica Vaksdal (Think Outside), David Hunt (Hyperion Executive Search) and our co-host Gerard Reid (Alexa Capital). Please get in touch if you want to speak at our monthly online events to pitch your startup, fund or portfolio. Our goals are 100% electric mobility, 100% renewable energy and 100% sustainable cities – this sounds like we all have a lot of work to do.
Read moreEcosummit invests in smart solar utility Sunvigo
Solar is by far the most important renewable energy on planet Earth. To grow the number of PV systems on global rooftops a lot faster, we have to make the solar purchase decision and PV system operations as simple as possible for consumers. The solution is to package the complex bundle of solar technology, financing, installation, operations and insurance into a super easy solar electricity tariff provided by a new smart solar utility. Sunvigo are the new kids on the block, in this case the residential solar market in Germany. After aggregating a strong partner network including a smart meter operator and several PV installers, the Cologne-based solar-as-a-service startup already have their first happy customers making their own solar power at home while paying only their monthly electricity bill. Most importantly, the 3 co-founders Vigen Nikogosian, Michael Peters and Bastian Bauwens are a great team: intelligent, well educated, modest and ambitious, with impressive track records and highly motivated to maximise their impact until 2030. That’s why Ecosummit invested €50K in the €500K Seed round together with Zurich-based Übermorgen Ventures and other smart green angels.
Read more