About Sunly
Sunly is a company based in Tallinn (Estonia) founded in 2018 by Priit Lepasepp, Martin Kruus, and Kalle Kiigske. Sunly has raised $63.05 million across 4 funding rounds from investors including Natixis, EBRD and Copenhagen Infrastructure Partners. The company has 11 employees as of September 30, 2024. Sunly offers products and services including Electricity Packages, Solar Parks, and Wind Parks. Sunly operates in a competitive market with competitors including Estiko Energia, PEH Renewables, AVH Grupp, Neith Elekter and Tricoastal Horizons, among others.
- Headquarter Tallinn, Estonia
- Employees 11 as on 30 Sep, 2024
- Founders Priit Lepasepp, Martin Kruus, Kalle Kiigske
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunly As
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$63.05 M (USD)
in 4 rounds
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Latest Funding Round
$63.05 M (USD), Series C
Dec 05, 2024
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Investors
Natixis
& 6 more
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Employee Count
11
as on Sep 30, 2024
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Products & Services of Sunly
Sunly offers a comprehensive portfolio of products and services, including Electricity Packages, Solar Parks, and Wind Parks.
Direct supply of renewable electricity from local parks
Development and operation of solar energy facilities for power generation
Construction and management of wind energy parks for sustainable electricity
Funding Insights of Sunly
Sunly has successfully raised a total of $63.05M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $63.05 million completed in December 2024. 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 C — $63.0M
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First Round
First Round
(13 Oct 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - Sunly | Valuation |
investors |
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| Aug, 2024 | Amount | Debt – Conventional - Sunly | Valuation |
investors |
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| Jun, 2023 | Amount | Debt – Conventional - Sunly | Valuation |
investors |
Investors in Sunly
Sunly has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Natixis, EBRD and Copenhagen Infrastructure Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Investments in equities, bonds, infrastructure, and impact projects are managed.
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Founded Year | Domain | Location | |
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Rivage Investment is engaged in sustainable asset management.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sunly
Financial Statements - Sunly
Sunly Comparisons
Competitors of Sunly
Sunly 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 Estiko Energia, PEH Renewables, AVH Grupp, Neith Elekter and Tricoastal Horizons, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of solar energy projects
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| domain | founded_year | HQ Location |
Solar energy projects are developed in Estonia and Europe.
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| domain | founded_year | HQ Location |
Estonian firm managing assets in energy, metals, chemicals, and real estate development.
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| domain | founded_year | HQ Location |
Develops innovative technologies for solar energy projects to promote sustainability.
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| domain | founded_year | HQ Location |
Develops renewable energy solutions including solar power and bio fuels projects.
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Frequently Asked Questions about Sunly
Sunly was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Sunly is headquartered in Tallinn, Estonia.
Priit Lepasepp is the current CEO of Sunly. They have also founded this company.
Sunly is a funded company, having raised a total of $63.05M across 4 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $32.37M, raised on Oct 13, 2022.
As of Sep 30, 2024, the latest employee count at Sunly is 11.
Sunly was founded in 2018 in Tallinn, Estonia, as a developer of solar energy projects. Operations are focused on the renewable energy sector, with activities centered on project development and implementation in the Baltic region. Services encompass planning, construction, and management of solar installations. The company is led by co-founders Priit Lepasepp as CEO, Martin Kruus as Chairman, and Kalle Kiigske.
Sunly's top competitors include Estiko Energia, PEH Renewables and AVH Grupp.
Sunly offers Electricity Packages, Solar Parks, and Wind Parks.
Sunly has 7 investors. Key investors include Natixis, EBRD, Copenhagen Infrastructure Partners, Mirova, and KLP.