SunRoof raises €15 million in a funding round
SunRoof has raised €15 million in a funding round led by the European growth equity fund Klima Energy Transition, with the participation of Level2 Ventures, Inovo VC, SMOK Ventures, Alphabeat and business angels, including Jon Olsson. The funding will support the company strong growth in its existing core European markets, mainly Sweden, Germany, and Poland, as well as its leading position in the BIPV sector. The recent investment round increased the total funding of SunRoof to €21.5 million.
Led by co-founder, CEO, and serial entrepreneur Lech Kaniuk (Delivery Hero, PizzaPortal, and iTaxi), SunRoof delivers the most powerful building-integrated solar roofs on the market today. The company offers 2-in-1 solar roofs and innovative façades that optimize the decentralized electricity generation of a building. The solar roofs are not only neat-looking and more productive per surface area of a roof, but also leave lower CO2-footprint and use less resources and materials, comparing to traditional roof and PV installations.
SunRoof offers to homeowners a complete energy management system including storage and a digital platform, to track the progress of manufacturing and construction of their solar roof but also monitor and manage their energy production and consumption via the SunRoof’s energy app, ultimately optimizing the economical return of their SunRoof installation.
The company was founded by Karol Kaniuk, a brother of Lech, who has been developing the technology in Sweden. The duo is backed by an experienced management team which includes co-founder of Jumia Travel and HotelOnline.co, Marek Zmysłowski, entrepreneur and former Google executive, Rafał Plutecki.
Over the last two years, SunRoof has established and expanded operations in Sweden, Germany, and Poland, being the fastest growing company in the BIPV industry. With the recent funding, SunRoof will continue to grow and to consolidate its leading position in existing markets.
SunRoof grew from 10 people in January 2020 to over 130 employees beginning of 2022 and is seeking a new key executive at the COO position to strengthen the top management team prior to the next rapid expansion planed from 2023 and onwards.