4 October 2024

Smart green VCs you should know

Our investor list features 94 smart green VCs in Europe that back startups in climate tech, energy, mobility, cities, materials, food and circular economy to generate impact and environmental, financial and strategic returns for their LPs. We also showcase portfolio companies we like. In the VC food chain, early stage investors prefer to invest, at lower valuations and higher risk, in the Seed and Series A of young startups working on product market fit and traction (customers, revenues). Late stage VCs join startup cap tables from Series B onwards, expecting more than €5M revenues, experienced management teams, positive unit economics and fast growth. Facing climate change, technology revolution and global competition, the majority of corporates are also active in corporate venturing and open innovation to invest in and cooperate with startups. Thus, VCs follow different investment strategies to build their portfolios that startups should know before pitching. The better the startup, the more VCs make an effort to get into the deal.

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5 October 2021

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.

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