About Astrum Solar
Astrum Solar is an Energy & Utilities company based in Maryland (Nigeria) founded in 2007, and was acquired by Direct Energy in July 2014. Solar installation services are provided for residential customers in homes. Astrum Solar has raised $10.55 million across 2 funding rounds from investors including Direct Energy, NewWorld and Constellation Ventures. Its focus areas include Energy, Solar Energy, Project Development Services and Project Developers.
Company details
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.
- Headquarters Maryland, Nigeria
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website astrumsolar.com
- Acquired by Direct Energy (Jul 2014)
- Total Equity Funding$10.55M (USD)
in 2 rounds
- Latest Funding Round$7.55M (USD), Series A
Nov 2013
- InvestorsDirect Energy
& 3 more
- Acquired byDirect Energy
(Jul 2014)
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 $10.55M
- Total Rounds 2
- Last Round Series A — $7.55M
- First Round $3M
(May 2011)
- Investors Count 3
All 2 funding rounds of Astrum Solar with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2013 | $7.55M | Series A | – | – | |
| May 2011 | $3M | Seed | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments in the US are managed by NewWorld. | newworldcapital.net | New York, United States | ||
| constellationventures.com | ||||
PE firm investing in the US | ccmgroupllc.com | Washington, Dc, United States | ||
Direct Energy is recognized as an electricity and natural gas provider. | 1986 | directenergy.com | Houston, United States |
Investor details for Astrum Solar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Astrum Solar
4 dated milestones of Astrum Solar across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Astrum Solar is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $7.5M.
- Exit Acquired by Direct Energy.
Web traffic of Astrum Solar
Websites that share an audience with Astrum Solar (astrumsolar.com).
Websites whose visitors overlap most with Astrum Solar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bloomberg.com | 100% | 51.1M | #1,495 | View details | |
| standardsolar.com | 98% | 14.9K | #1,901,915 | View details | |
forlocations.com | forlocations.com | 92% | – | ||
| allbusiness.com | 84% | 85.1K | #423,638 | View details | |
open.spotify.com | open.spotify.com | 71% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Astrum Solar
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Astrum Solar
Complete news archive for Astrum Solar
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Frequently Asked Questions about Astrum Solar
Astrum Solar was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Astrum Solar is headquartered in Maryland, Nigeria. It is registered at Maryland, Lagos, Nigeria.
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 2011.
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.
Astrum Solar has 4 investors. Key investors include Direct Energy, NewWorld, Constellation Ventures, and CCM Group.
Yes. Astrum Solar was acquired by Direct Energy in July 2014.