Funding round
1KOMMA5° Series A
1KOMMA5°, which works in renewable energy system installation in Hamburg, raised $221M in a Series A round announced on 1 Apr 2022, led by Porsche Ventures and b2venture. 8 firms took part. It is 1KOMMA5°'s first venture round on record.
$221M
Amount raised
200,000,000 EUR converted
Not disclosed
Post-money valuation
8
Investors
2 leads
Valuation
What this round says about the price
1KOMMA5° did not disclose a valuation in this round. It is 1KOMMA5°'s first venture round on record, 1 year after it was founded in 2021. It is 36% of the $612M 1KOMMA5° has raised in the venture rounds on record. 1KOMMA5° raised again 14 months later: a Series B round of $235M in Jun 2023, at $1.10B post-money.
1KOMMA5°'s funding rounds
1KOMMA5° has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Porsche Ventures and b2venture led the round with 6 other firms.
Lead investors
- backs 30 venture-backed companies new investor
- backs 86 venture-backed companies new investor
Also in the round
- backs 28 venture-backed companies new investor
- backs 86 venture-backed companies new investor
- Eurazeo backs 103 venture-backed companies new investor
- Blue Elephant Ventures new investor
- Haniel family new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
13 Series A rounds in Solar Energy Company within a year either side disclosed an amount; the median was $9.1M, and this round was 24 times the median. The closest in time, other companies' Series A rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 15 Mar 2022 | $7.2M | not disclosed | Arborview Capital |
| Solar Energy Company | 23 Jun 2022 | $24M | not disclosed | redalpine and Galileo Green Energy |
| Solar Energy Company | 24 Jun 2022 | $12M | not disclosed | Kaszek |
| Solar Energy Company | 12 Jul 2022 | $8.0M | not disclosed | Oikocredit and EDFI Management Company |
| Solar Energy Company | 5 Aug 2022 | $23M | not disclosed | Left Lane Capital |
| Solar Energy Company | 20 Oct 2022 | $33M | not disclosed | not named |
| Solar Energy Company | 13 Oct 2022 | $13M | not disclosed | Main Sequence and Clean Energy Finance Corporation |
| Solar Energy Company | 31 Oct 2021 | $9.1M | not disclosed | BayWa r.e. Energy Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did 1KOMMA5° raise in its Series A round?
1KOMMA5° raised $221M in its Series A round, announced in Apr 2022.
Who led 1KOMMA5°'s Series A round?
Porsche Ventures and b2venture led it, with eCAPITAL, b2venture, Eurazeo, Blue Elephant Ventures and Haniel family and 1 more.
What was 1KOMMA5°'s valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Solar Energy Company?
13 Series A rounds in Solar Energy Company within a year either side disclosed an amount; the median was $9.1M, and this round was 24 times the median.
Did 1KOMMA5° raise again after this round?
Yes: a Series B round in Jun 2023 of $235M at $1.10B post-money.