Elvy valuation, funding and investors
Elvy works in energy subscription services, based in Stockholm, Sweden. Founded in 2023, it has about 33 employees.
- Last round
- Seed · $3.50M · Feb 2025
- Valuation at last round
- $21.4M · implied
- Headcount
- 33 · up
- Grade
- C
- Founded
- 2023
Elvy valuation today
VCMC values Elvy at $42.8M today, with a range of $10.9M to $65.2M and a grade of C. The valuation starts from its last funding round, a seed round in Feb 2025.
Valuation by date (48 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $13.8M | $5.04M – $38.0M | $15.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $13.9M | $5.07M – $38.3M | $15.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $14.0M | $5.11M – $38.5M | $15.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $14.1M | $5.15M – $38.8M | $15.4M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $14.2M | $5.18M – $39.1M | $15.6M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $14.3M | $5.22M – $39.4M | $15.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $14.5M | $5.26M – $39.7M | $15.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $14.6M | $5.30M – $40.0M | $15.8M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $14.7M | $5.34M – $40.3M | $15.8M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $14.8M | $5.38M – $40.6M | $15.8M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $14.9M | $5.42M – $40.9M | $15.8M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $15.0M | $5.46M – $41.2M | $15.8M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $15.1M | $5.50M – $41.5M | $15.8M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $15.2M | $5.54M – $41.8M | $15.8M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $15.3M | $5.58M – $42.1M | $15.8M (+3%) | before first round | – | unknown | D | 0% |
| 1 Apr 2024 | $15.4M | $5.62M – $42.4M | $15.8M (+2%) | before first round | – | unknown | D | 0% |
| 1 May 2024 | $15.6M | $5.66M – $42.7M | $15.8M (+1%) | before first round | – | unknown | D | 0% |
| 1 Jun 2024 | $15.7M | $5.71M – $43.0M | $15.8M (+1%) | before first round | – | unknown | D | 0% |
| 1 Jul 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2024 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2025 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2025 | $15.8M | $5.75M – $43.4M | $15.8M (0%) | before first round | – | unknown | D | 0% |
| 8 Feb 2025 | $21.4M | $14.1M – $65.2M | $42.8M (+100%) | after a round | – | unknown | C | 0% |
| 1 Mar 2025 | $22.3M | $14.1M – $65.2M | $42.8M (+92%) | after a round | – | unknown | C | 0% |
| 1 Apr 2025 | $23.7M | $14.1M – $65.2M | $42.8M (+81%) | after a round | – | unknown | C | 0% |
| 1 May 2025 | $25.1M | $14.1M – $65.2M | $42.8M (+71%) | after a round | – | unknown | C | 0% |
| 1 Jun 2025 | $26.6M | $14.1M – $65.2M | $42.8M (+61%) | after a round | – | unknown | C | 0% |
| 1 Jul 2025 | $28.1M | $14.1M – $65.2M | $42.8M (+52%) | after a round | – | unknown | C | 0% |
| 1 Aug 2025 | $29.8M | $14.1M – $65.2M | $42.8M (+43%) | after a round | – | unknown | C | 0% |
| 1 Sep 2025 | $31.6M | $14.1M – $65.2M | $42.8M (+35%) | after a round | 25 | unknown | C | 0% |
| 1 Oct 2025 | $33.5M | $14.1M – $65.2M | $42.8M (+28%) | after a round | 25 | unknown | C | 0% |
| 1 Nov 2025 | $35.5M | $14.1M – $65.2M | $42.8M (+20%) | after a round | 27 | flat | C | 0% |
| 1 Dec 2025 | $37.6M | $14.1M – $65.2M | $42.8M (+14%) | after a round | 27 | flat | C | 0% |
| 1 Jan 2026 | $39.9M | $14.1M – $65.2M | $42.8M (+7%) | after a round | 27 | flat | C | 0% |
| 1 Feb 2026 | $42.3M | $14.1M – $65.2M | $42.8M (+1%) | after a round | 33 | up | C | 0% |
| 1 Mar 2026 | $42.8M | $13.8M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Apr 2026 | $42.8M | $13.4M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 May 2026 | $42.8M | $13.0M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Jun 2026 | $42.8M | $12.6M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Jul 2026 | $42.8M | $12.2M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Aug 2026 | $42.8M | $11.9M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Sep 2026 | $42.8M | $11.5M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 1 Oct 2026 | $42.8M | $11.2M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
| 24 Oct 2026 | $42.8M | $10.9M – $65.2M | $42.8M (0%) | after a round | 33 | up | C | 0% |
Key facts about Elvy
- Founded
- 2023
- Headquarters
- Stockholm, Sweden
- Employees
- about 33
- Total raised
- $594M
- Funding rounds
- 2
- Last round
- Debt Dec 2025
Elvy was founded in 2023 by David Wedar, Fabian Linzberger and Johan Outinen.
Elvy funding history
Elvy has 2 funding rounds on record, from Feb 2025 to Dec 2025, $594M in total. None disclosed a valuation.
Debt 12 Dec 2025no round page
Led by Scayl.
Sources: eu-startups.com, arcticstartup.com, eu-startups.com
$590M
$3.5M
Elvy investors
4 investors have backed Elvy; Scayl led at least one round.
- Scayl lead
- Essential Capital
What Elvy does
Elvy works in renewable energy companies, with 15 recorded offerings and customers in energy and residential.
Elvy is a Swedish company that operates as an energy supplier and provider of energy subscription services for residential homeowners. The company offers a subscription-based energy solution that covers all household energy needs, including the installation of solar panels, heat pumps, and battery systems. Elvy manages the entire process from financing and installation to maintenance and warranty, and utilizes an AI-driven energy analysis model to optimize equipment selection and energy efficiency. The company also provides project planning and ongoing maintenance services.
Description from Veridion's company data.
Products and services
- Energy Subscription Services
- Solar Panel Installation and Maintenance
- Heat Pump Installation and Maintenance
- Battery System Installation and Maintenance
- AI-Driven Energy Analysis and Optimization
- Customized Energy Equipment Selection Services
- Energy System Project Management
- Energy System Financing Services
- Energy System Warranty Services
- Sustainable Energy Solutions Consulting
- Climate Forecasting and Energy Planning
- Residential Energy Efficiency Consulting
- Energy Cost Optimization Services
- Renewable Energy Integration Services
- Energy Storage System Installation and Maintenance
Markets
- Energy
- Residential
Technology
- AI-Driven Energy Analysis
- Battery Systems
- Solar Panels
- Heat Pumps
Certifications
- GDPR compliant
Business model
- Business-to-Consumer
- Service Provider
- Subscription-Based
Industry codes (NAICS)
- 238210 Electrical Contractors and Other Wiring Installation Contractors 50% match
- 532490 Other Commercial and Industrial Machinery and Equipment Rental and Leasing 30% match
- 221122 Electric Power Distribution 20% match
Questions about Elvy
What is Elvy worth?
Valuation $42.8M (range $10.9M to $65.2M), as of 24 Oct 2026.
Has Elvy raised money?
Elvy has 2 funding rounds on record, from Feb 2025 to Dec 2025, $594M in total. None disclosed a valuation.
Who has invested in Elvy?
Scayl, Aggregate, Essential Capital and Giant Ventures. Lead investors include Scayl.
How many people work at Elvy?
About 33. Headcount grew from 25 in Aug 2025 to 33 in Jan 2026.
What does Elvy do?
Elvy works in renewable energy companies, with 15 recorded offerings and customers in energy and residential. Its main offerings are energy subscription services, solar panel installation and maintenance and heat pump installation and maintenance.
When was Elvy founded, and where is it based?
Elvy was founded in 2023 and is based in Stockholm, Sweden. It has about 33 employees.