Tech Company Financing Transactions
Roofit.Solar Funding Round
Roofit.Solar closed a $6.9 million funding round on 3/9/2023. Investors included BayWa re. Energy Ventures and EdgeCap Partners.
Transaction Overview
Company Name
Announced On
3/9/2023
Transaction Type
Venture Equity
Amount
$6,867,000
Round
Undisclosed
Investors
BayWa re. Energy Ventures (Lead Investor)
EdgeCap Partners (Lead Investor)
Proceeds Purpose
The round will be used to accelerate expansion plans beyond its home markets of Germany, Sweden, and Estonia. Moreover, the company plans to train roofing partners, develop new products, and improve the studs and beams behind their roof planning software.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Härgmäe 21, Tallinn
Harjumaa, 13525
EE
Harjumaa, 13525
EE
Phone
Website
Email Address
Overview
It all started with dissatisfaction with what traditional solar panels look like. Now we assist homeowners around the world to convert their homes into sustainable net-zero buildings. We bring 2-in-1 solar roofs to homes and businesses all over the world, helping to build renewable electricity production. We give you solar energy from your rooftop without a compromise on aesthetics. Our unique solar roof technology was born out of personal need. Andri Jagomägi, the founder of Roofit.Solar, had been actively researching and testing solar panels at Tallinn University of Technology (TalTech) for over 15 years.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andres Anijalg
Chief Financial Officer
Raimond Russak
Founder
Andri Jagomägi
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