Roofit.solar raises €7.85M Series A led by BayWa r.e. Energy Ventures

The Tesla solar roof now has a strong competitor in Europe. Today, Roofit.solar announces its €7.85M Series A (€6.4M new capital and €1.45M converted loans) led by BayWa r.e. Energy Ventures and supported by an outstanding group of Estonian co-investors. The co-investor syndicate includes the family office of Priit Piilmann (largest shareholder of Viru Keemia Grupp), Taavet Hinrikus (Co-founder of Wise, recently listed on LSE) and Sten Tamkivi (ex-General Manager at Skype Estonia), Spring Capital and Helmes Investments. We’re super happy about this transaction because Ecosummit advised the 3 co-founders of Roofit.solar during the 9-month fundraising process and successfully introduced the German lead investor BayWa r.e. Energy Ventures, the main piece in the Series A puzzle.