Funding round
Sunly Growth
Reported as "Growth Equity"
Sunly, which works in renewable energy project development in Tallinn, raised $195M in a Growth round announced on 1 Oct 2022. 1 firm took part.
$195M
Amount raised
200,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Sunly did not disclose a valuation in this round. It is Sunly's first venture round on record, 3 years after it was founded in 2019. No later venture round is on record for Sunly.
Sunly's funding rounds
This is the only venture round on record for Sunly.
- Growth this round 1 Oct 2022 $195M
- Debt not a venture round 26 Aug 2024, led by Rivage Investment and Copenhagen Infrastructure Partners $335M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 17 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion and scaling operations.
- Hiring
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
25 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $82M, and this round was 2.4 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 26 Sep 2022 | $73M | not disclosed | not named |
| Solar Energy Company | 13 Dec 2022 | $100M | not disclosed | Manulife Investment Management |
| Solar Energy Company | 31 Aug 2022 | $9.8M | not disclosed | not named |
| Silicon Ranch Solar Energy Company | 5 Jan 2023 | $600M | not disclosed | Manulife Investment Management and TD Asset Management Inc. |
| Summit Ridge Energy Solar Energy Company | 13 Jul 2022 | $175M | not disclosed | Apollo |
| Solar Energy Company | 25 Jan 2023 | $15M | not disclosed | not named |
| Solar Energy Company | 6 Mar 2023 | $150M | not disclosed | TPG |
| Solar Energy Company | 19 Apr 2023 | $143M | not disclosed | Eurazeo |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Sunly raise in its Growth round?
Sunly raised $195M in its Growth round, announced in Oct 2022.
Which investors took part in Sunly's Growth round?
Mirova.
What was Sunly's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
25 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $82M, and this round was 2.4 times the median.