Funding round
Elvy Seed
Elvy, which works in energy subscription services in Stockholm, raised $3.5M in a Seed round announced on 7 Feb 2025. 3 firms took part.
$3.5M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Elvy did not disclose a valuation in this round. It is Elvy's first venture round on record, 2 years after it was founded in 2023. No later venture round is on record for Elvy.
Elvy's funding rounds
This is the only venture round on record for Elvy.
- Seed this round 7 Feb 2025 $3.5M
- Debt not a venture round 12 Dec 2025, led by Scayl $590M
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 2 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- Essential Capital new investor
Comparable rounds
How it compares
21 Seed rounds in Renewable energy companies within a year either side disclosed an amount; the median was $5.0M, and this round was 70% of the median. The closest in time, other companies' Seed rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 14 Feb 2025 | $1.1M | not disclosed | not named |
| Renewable energy companies | 28 Mar 2025 | $5.4M | not disclosed | Rotterdam Energy Transition Fund |
| Renewable energy companies | 30 Apr 2025 | $4.5M | not disclosed | ISAI Ventures |
| Renewable energy companies | 26 Nov 2024 | $9.7M | not disclosed | not named |
| Renewable energy companies | 25 Nov 2024 | $8.8M | $44M | Vynn Capital |
| Renewable energy companies | 9 Jun 2025 | $5.0M | not disclosed | Giant Ventures |
| Renewable energy companies | 7 Sep 2024 | $2.8M | not disclosed | Venture Stars |
| Renewable energy companies | 1 Aug 2024 | $6.0M | not disclosed | Engine Ventures |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Elvy raise in its Seed round?
Elvy raised $3.5M in its Seed round, announced in Feb 2025.
Which investors took part in Elvy's Seed round?
Aggregate, Giant Ventures and Essential Capital.
What was Elvy's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Renewable energy companies?
21 Seed rounds in Renewable energy companies within a year either side disclosed an amount; the median was $5.0M, and this round was 70% of the median.