About SOLUNA
SOLUNA is a company based in New York (United States) founded in 2018 was acquired by EcoChain in August 2021.. SOLUNA has raised $37.76 million across 4 funding rounds from investors including Eco Chain and Spring Lane Capital. The company has 48 employees as of December 31, 2024. SOLUNA operates in a competitive market with competitors including PowerFlex, EDF Renewable Energy, MasTec, We Energies and NextEra Energy Resources, among others.
- Headquarter New York, United States
- Employees 48 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Soluna Holdings, Inc.
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Annual Revenue
$38.02 M80.49as on Dec 31, 2024
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Net Profit
$-63.33 M-116.89as on Dec 31, 2024
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EBITDA
$-3.03 M49.98as on Dec 31, 2024
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Total Equity Funding
$37.76 M (USD)
in 4 rounds
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Latest Funding Round
$460.2 K (USD), Series B
Dec 20, 2022
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Investors
Eco Chain
& 1 more
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Employee Count
48
as on Dec 31, 2024
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Acquired by
EcoChain
(Aug 12, 2021)
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IPO & Listings of SOLUNA
SOLUNA is a publicly listed company on the NASDAQ with ticker symbol SLNH in USA, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of SOLUNA
SOLUNA has successfully raised a total of $37.76M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $460.2 thousand completed in December 2022. 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 4
- Last Round Series B — $460,200
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First Round
First Round
(05 Mar 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series B - SOLUNA | Valuation |
investors |
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| May, 2022 | Amount | Series B - SOLUNA | Valuation | Spring Lane Capital |
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| Mar, 2020 | Amount | Seed - SOLUNA | 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 SOLUNA
SOLUNA has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Eco Chain and Spring Lane Capital. 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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Spring Lane Capital is focused on sustainable project financing.
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Founded Year | Domain | Location | |
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Environmental life cycle assessments are managed for manufacturing companies.
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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 SOLUNA
| 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 - SOLUNA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Soluna Comparisons
Competitors of SOLUNA
SOLUNA 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 PowerFlex, EDF Renewable Energy, MasTec, We Energies and NextEra Energy Resources, 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 |
Renewable energy project development services are provided by PowerFlex.
|
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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 |
Infrastructure construction company
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| domain | founded_year | HQ Location |
Provider of independent electric power through solar energy
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| domain | founded_year | HQ Location |
Wind and solar energy power projects are developed globally.
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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 Soluna
Frequently Asked Questions about SOLUNA
When was SOLUNA founded?
SOLUNA was founded in 2018.
Where is SOLUNA located?
SOLUNA is headquartered in New York, United States. It is registered at New York, New York, United States.
Is SOLUNA a funded company?
SOLUNA is a funded company, having raised a total of $37.76M across 4 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Mar 05, 2018.
How many employees does SOLUNA have?
As of Dec 31, 2024, the latest employee count at SOLUNA is 48.
What is the annual revenue of SOLUNA?
Annual revenue of SOLUNA is $38.02M as on Dec 31, 2024.
What does SOLUNA do?
SOLUNA was founded in 2018 and is headquartered in New York, United States. The company is focused on the development of solar and wind energy projects within the renewable energy industry. Operations involve project planning, construction, and management, primarily in the United States. Services are provided to support sustainable energy infrastructure, with an emphasis on integration into computing applications.
Who are the top competitors of SOLUNA?
SOLUNA's top competitors include PowerFlex, MasTec and EDF Renewable Energy.
Is SOLUNA publicly traded?
Yes, SOLUNA is publicly traded on NASDAQ under the ticker symbol SLNH.
Who are SOLUNA's investors?
SOLUNA has 2 investors. Key investors include Eco Chain, and Spring Lane Capital.
What is SOLUNA's ticker symbol?
The ticker symbol of SOLUNA is SLNH on NASDAQ.