🏆 Deal of the Week · CW 15/2025
Enpal raised EUR 110 million in a Venture – Series Unknown round, reaching a valuation of EUR 2.1 billion. TPG led the round, with participation from SoftBank Vision Fund. The deal was named Deal of the Week for KW 15/2025 on Venionaire DealMatrix.
Enpal — key deal facts
| Company | Enpal |
| Founded | 2017 |
| Headquarters | Berlin, Germany |
| Amount raised | EUR 110m |
| Valuation | EUR 2.1b |
| Round | Venture – Series Unknown |
| Investors | SoftBank Vision Fund, TPG |
| Sectors | Energy |
Who invested in Enpal?
The round was led by TPG, the global alternative asset firm, with SoftBank Vision Fund participating as a co-investor. The combination of a growth-focused private equity platform and one of the world's largest technology-oriented venture funds signals strong institutional conviction in Enpal's scaled, capital-intensive business model. This investor mix is notable for bridging traditional infrastructure capital with Silicon Valley-origin tech venture backing.
What does Enpal do?
Enpal is a Berlin-based greentech company founded in 2017 that offers integrated renewable energy systems for private households. Its product portfolio covers rooftop solar panels, battery storage, EV charging infrastructure, and heat pumps, all delivered as a one-stop-shop under a buy-or-rent model. Enpal's proprietary AI-based energy management platform, Enpal.One, connects installed systems to the broader electricity market. The company has installed approximately 60,000 systems across Germany and Italy, positioning itself as one of Europe's leading residential solar operators.
Enpal valuation & multiples
No existing multiples analysis was provided for this deal. When benchmarking Enpal against comparable greentech and distributed-energy peers, analysts typically reference EV/Sales and EV/EBITDA ranges derived from listed solar installers and energy-services companies. For the relevant sector reference ranges, see the Venionaire DealMatrix Energy sector multiples pages.
Frequently asked questions
How much did Enpal raise in its Venture – Series Unknown?
Enpal raised EUR 110 million in a Venture – Series Unknown round, announced in KW 15/2025.
What is Enpal's valuation?
Enpal's valuation was confirmed at EUR 2.1 billion at the time of this funding round.
Who invested in Enpal?
The round was led by TPG, with SoftBank Vision Fund participating as a co-investor.
When was Enpal founded and where is it based?
Enpal was founded in 2017 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.