Funding round
1KOMMA5° Series B
1KOMMA5°, which works in renewable energy system installation in Hamburg, raised $235M in a Series B round announced on 23 Jun 2023, led by G2 Venture Partners, at a $1.10B post-money valuation. 1 firm took part. It is 1KOMMA5°'s second venture round on record; the one before was a Series A in Apr 2022.
$235M
Amount raised
215,000,000 EUR converted
$1.10B
Post-money valuation
$865M pre-money
1
Investors
1 lead
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced 1KOMMA5° at $1.10B after the new money. The $235M bought investors about 21% of the company. It came 14 months after 1KOMMA5°'s Series A. It is 38% of the $612M 1KOMMA5° has raised in the venture rounds on record. 1KOMMA5° raised again 18 months later: a Growth round of $156M in Dec 2024.
1KOMMA5°'s funding rounds
1KOMMA5° has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
G2 Venture Partners led the round.
Lead investor
- backs 33 venture-backed companies new investor
Joined the board: Ben Kortlang (G2 Venture Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
11 Series B rounds in Solar Energy Company within a year either side disclosed an amount; the median was $38M, and this round was 6.2 times the median. The closest in time, other companies' Series B rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 3 Jul 2023 | $40M | not disclosed | International Finance Corporation |
| Solar Energy Company | 16 May 2023 | $17M | not disclosed | Summiteer and B&C Innovation Investments |
| Solar Energy Company | 17 Aug 2023 | $50M | not disclosed | Idealist Capital |
| Solar Energy Company | 11 Oct 2023 | $30M | not disclosed | Nuveen |
| Solar Energy Company | 16 Oct 2023 | $7.0M | not disclosed | EDFI Management Company |
| Huasun Solar Energy Company | 29 Jan 2023 | $295M | not disclosed | CNBM (Anhui) New Materials Fund |
| Solar Energy Company | 27 Dec 2022 | $38M | not disclosed | not named |
| Solar Energy Company | 15 Dec 2022 | $38M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did 1KOMMA5° raise in its Series B round?
1KOMMA5° raised $235M in its Series B round, announced in Jun 2023.
Who led 1KOMMA5°'s Series B round?
G2 Venture Partners led it.
What was 1KOMMA5°'s valuation at the Series B round?
$1.10B post-money ($865M pre-money).
How does it compare with other Series B rounds in Solar Energy Company?
11 Series B rounds in Solar Energy Company within a year either side disclosed an amount; the median was $38M, and this round was 6.2 times the median.
Did 1KOMMA5° raise again after this round?
Yes: a Growth round in Dec 2024 of $156M.