Funding round
Enpal Series C
Enpal, which works in solar energy solutions in Berlin, raised $174M in a Series C round announced on 20 Oct 2021, led by SoftBank Vision Fund, at a $1.10B post-money valuation. 1 firm took part. It is Enpal's first venture round on record.
$174M
Amount raised
$1.10B
Post-money valuation
$926M pre-money
1
Investors
1 lead
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Enpal at $1.10B after the new money. The $174M bought investors about 16% of the company. It is Enpal's first venture round on record, 4 years after it was founded in 2017. It is 33% of the $524M Enpal has raised in the venture rounds on record. Enpal raised again 15 months later: a Series D round of $230M in Jan 2023, at $2.35B post-money.
Enpal's funding rounds
Enpal has 3 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund led the round.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 8 Jun 2021 | $21M | not disclosed | not named |
| Solar Energy Company | 4 Jun 2021 | $13M | not disclosed | Alon Blue Square Israel, Ltd. and Gear Innovation Network |
| Solar Energy Company | 19 May 2022 | $105M | not disclosed | Energy Impact Partners and GIC |
| Solar Energy Company | 1 Aug 2022 | undisclosed | not disclosed | Augment Infrastructure |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Enpal raise in its Series C round?
Enpal raised $174M in its Series C round, announced in Oct 2021.
Who led Enpal's Series C round?
SoftBank Vision Fund led it.
What was Enpal's valuation at the Series C round?
$1.10B post-money ($926M pre-money).
Did Enpal raise again after this round?
Yes: a Series D round in Jan 2023 of $230M at $2.35B post-money.