About Astrum Solar
Astrum Solar is a company based in Maryland (Nigeria) founded in 2007 was acquired by Direct Energy in July 2014.. Astrum Solar has raised $10.55 million across 2 funding rounds from investors including Direct Energy, NewWorld and Constellation Ventures. Astrum Solar operates in a competitive market with competitors including Enel X, Lightsource BP, Dominion Energy, Origis Energy and EDF Renewable Energy, among others.
- Headquarter Maryland, Nigeria
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.55 M (USD)
in 2 rounds
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Latest Funding Round
$7.55 M (USD), Series A
Nov 19, 2013
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Investors
Direct Energy
& 3 more
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Employee Count
Employee Count
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Acquired by
Direct Energy
(Jul 29, 2014)
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Funding Insights of Astrum Solar
Astrum Solar has successfully raised a total of $10.55M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.55 million completed in November 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.5M
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First Round
First Round
(23 May 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Series A - Astrum Solar | Valuation |
investors |
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| May, 2011 | Amount | Seed - Astrum Solar | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Astrum Solar
Astrum Solar has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Direct Energy, NewWorld and Constellation Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments in the US are managed by NewWorld.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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PE firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Astrum Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Astrum Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Astrum Solar Comparisons
Competitors of Astrum Solar
Astrum Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Enel X, Lightsource BP, Dominion Energy, Origis Energy and EDF Renewable Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Utility-scale renewable energy projects are developed by Enel X.
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| domain | founded_year | HQ Location |
Solar energy projects are developed and operated by Lightsource BP.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Utility-scale and commercial solar projects are developed worldwide.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed and operated.
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| domain | founded_year | HQ Location |
Hardware and home improvement products are supplied to retail markets.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Astrum Solar
Frequently Asked Questions about Astrum Solar
When was Astrum Solar founded?
Astrum Solar was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Astrum Solar located?
Astrum Solar is headquartered in Maryland, Nigeria. It is registered at Maryland, Lagos, Nigeria.
Is Astrum Solar a funded company?
Astrum Solar is a funded company, having raised a total of $10.55M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on May 23, 2011.
What does Astrum Solar do?
Astrum Solar was founded in 2007 and operates within the renewable energy sector. Solar installation services are delivered specifically to residential customers, focusing on the integration of solar panels into home energy systems. Operations are centered in Maryland, Nigeria, where installations are conducted to facilitate sustainable power solutions. The companys domain, astrumsolar.com, supports its service outreach and information dissemination.
Who are the top competitors of Astrum Solar?
Astrum Solar's top competitors include Enel X, Lightsource BP and Dominion Energy.
Who are Astrum Solar's investors?
Astrum Solar has 4 investors. Key investors include Direct Energy, NewWorld, Constellation Ventures, and CCM Group.