🏆 Deal of the Week · CW 16/2023
Sunvigo raised EUR 20M in a Series B round; the company's valuation was not disclosed. The round was supported by a syndicate of six investors spanning energy, impact, and venture capital. Sunvigo was recognised as Deal of the Week for KW 16/2023.
Sunvigo — key deal facts
| Company | Sunvigo |
| Founded | 2017 |
| Headquarters | Cologne, Germany |
| Amount raised | EUR 20M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series B |
| Investors | Eneco Ventures (https://www.eneco.com/wat-we-doen/ventures/) Future Energy Ventures (https://futureenergy.com/) High-Tech Grunderfonds (http://www.htgf.de/en) Sparta Capital (http://www.spartacapital.com/) Triodos Investment Management (http://www.triodos-im.com/) Übermorgen Ventures (https://www.uebermorgen.vc/) |
| Sectors | Renewable Energy |
Who invested in Sunvigo?
The round was backed by Eneco Ventures, Future Energy Ventures, High-Tech Gründerfonds, Sparta Capital, Triodos Investment Management, and Übermorgen Ventures. The investor mix is notable for combining corporate energy strategics — Eneco Ventures and Future Energy Ventures — with an impact-focused lender in Triodos Investment Management and an early-stage specialist in High-Tech Gründerfonds. This breadth of backing signals both commercial validation and strong alignment with sustainable energy transition goals.
What does Sunvigo do?
Sunvigo is a Cologne-based renewable energy company founded in 2017. It installs and operates rooftop solar systems for homeowners who then pay only for the electricity they consume, with no upfront capital outlay required. Its product suite includes rooftop photovoltaic installations, optional battery storage, and integrated electric vehicle charging solutions. Co-founders Bastian Bauwens, Dr. Michael Peters, and Dr. Vigen Nikogosian lead the company with the stated aim of building a Europe-wide solar power community.
Sunvigo valuation & multiples
No verified revenue or EBITDA figures are publicly available for Sunvigo at this stage, so deal-specific EV/Sales and EV/EBITDA multiples cannot be calculated. Investors and analysts evaluating this transaction can benchmark it against prevailing renewable energy sector multiples on the Venionaire DealMatrix sector multiples pages. Visit the Renewable Energy multiples section for current EV/Sales and EV/EBITDA ranges used in comparable early-growth transactions.
Explore the benchmarks: Series B.
Frequently asked questions
How much did Sunvigo raise in its Series B?
Sunvigo raised EUR 20M in its Series B round, recognised as Deal of the Week for KW 16/2023.
What is Sunvigo's valuation?
Sunvigo's valuation was not disclosed in connection with this Series B round.
Who invested in Sunvigo?
The Series B was backed by Eneco Ventures, Future Energy Ventures, High-Tech Gründerfonds, Sparta Capital, Triodos Investment Management, and Übermorgen Ventures.
When was Sunvigo founded and where is it based?
Sunvigo was founded in 2017 and is headquartered in Cologne, Germany.
Source: original announcement — read the full report.