- 8
- February
2022
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 more- 24
- August
2021
Installion raises €4M Series A led by Eneco Ventures
The energy transition is a hands-on job because somebody has to install all the hardware needed for making, storing and charging solar energy at the customers’ premises. It turns out that finding a good installer can be anything from very tough to simply impossible. In other words, installation is the bottleneck if we want to reach 100% renewables. For the founders among us it’s an obvious startup opportunity. Installion is the installation service provider for the energy transition helping utilities and other solar companies with qualified manpower onsite and on time. On 25 February 2021, we introduced Installion to Eneco and other smart green VCs to find the best lead investor, the main piece in the Series A puzzle. After watching Florian’s online pitch at Ecosummit Zoom 10 March 2021, Eneco was hooked and due diligence started. The deal closed end of July and today we’re breaking the news that Eneco Ventures invests a ticket of €3.2M leading Installion’s €4M Series A. At the same time, Ecosummit gets 1 assist on the startup VC matchmaking scoreboard which proves our value and track record.
Read more- 12
- October
2020
Ecosummit 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- 11
- August
2013
Markus Leuenberger pitches the Dutch cleantech institute ECN
Ecosummit TV: Markus Leuenberger pitches ECN at ECO13 Berlin. The Dutch research institute is based in a beautiful location in the dunes north of Amsterdam. 550 researchers and experts develop new green technologies with a strong focus on renewable energy and energy storage including Power to Gas. Recently, ECN launched a new technical due diligence service for cleantech VCs across Europe. This makes a lot of sense as many cleantech VCs don’t have sufficient inhouse competence in each of the many cross-industry cleantech markets. Moreover, the cleantech institute also helps startups during product development. A small version of Fraunhofer in Germany, ECN looks like they are equally smart and very entrepreneurial. If you need deep cleantech technology expertise, go and talk to ECN.
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