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. 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.
- Total Equity Funding$63.05 M (USD)
in 4 rounds
- Latest Funding Round$63.05 M (USD), Series C
Dec 05, 2024
- InvestorsNatixis
& 6 more
- Employee Count11
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 $63.0M
- Total Rounds 4
- Last Round Series C — $63.0M
- First Round $194.0M
(13 Oct 2022)
- Investors Count 7
All 4 funding rounds of Sunly with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
7 investors in total: 7 institutional.
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 |
|---|---|---|---|---|
Corporate advisory services are provided across multiple sectors. | 1991 | ebrd.com | London, United Kingdom | |
Investments in equities, bonds, infrastructure, and impact projects are managed. | 2012 | mirova.com | Paris, France | |
Rivage Investment is engaged in sustainable asset management. | – | rivageinvestment.com | Paris, France | |
Investments in renewable energy are made by Vardar AS. | – | vardar.no | Norway | |
Pension funds are managed for Norwegian government employees. | 1949 | klp.no | Oslo, Norway | |
Energy infrastructure projects are provided across multiple technologies and markets. | 2012 | cip.com | Copenhagen, Denmark | |
Multi-disciplinary global financial services provider | 2006 | natixis.com | Paris, France |
Investor details for Sunly
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People of Sunly
3 people are tracked at Sunly (3 in leadership); the tracked headcount is 11.
| Name | Role | Group |
|---|---|---|
Priit Lepasepp | Co-Founder & CEO | Leadership |
Martin Kruus | Co-Founder & Chairman | Leadership |
Kalle Kiigske | Co-Founder | Leadership |
Complete people profiles for Sunly
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Sunly
3 dated milestones of Sunly across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Sunly is founded.
- Funding First funding round of $194.0M.
- Funding Latest funding round, Series C, of $63.0M.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| estikoenergia.ee | 2017 | Tartu, Estonia | – | 4 | Developer of solar energy projects | |
| peholding.eu | 2020 | Tallinn, Estonia | – | – | Solar energy projects are developed in Estonia and Europe. | |
| avh.ee | 1998 | Tallinn, Estonia | – | 8 | Estonian firm managing assets in energy, metals, chemicals, and real estate development. | |
| neith.ee | 2007 | Tartu, Estonia | – | 30 | Develops innovative technologies for solar energy projects to promote sustainability. | |
| tricoastalhorizons.com | 2014 | Tallinn, Estonia | – | – | Develops renewable energy solutions including solar power and bio fuels projects. | |
| energysmart.ee | 2009 | Valga, Estonia | – | – | Develops innovative technologies for solar renewable energy power projects. | |
| bombus.ee | 2014 | Estonia | – | 1 | Develops innovative technologies for solar energy power projects. |
Detailed competitors of Sunly
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Latest news on Sunly
Complete news archive for Sunly
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Similar companies to Sunly
10 companies that operate in the same segment as Sunly (Renewable & Sustainable Energy), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 1.96 B | – | – | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Hybrid renewable energy solutions are provided for rural communities. | 2008 | Patna, Bihar, India | USD 73.99 M | USD 3.46 M | 294 | |
Solar energy projects are developed and operated by Lightsource BP. | 2010 | London, England, United Kingdom | USD 417.9 M | – | – | |
Solar energy solutions and financing are provided for off-grid communities. | 2004 | Nairobi, Kenya | USD 118.02 M | USD 26.54 M | 103 | |
Solar energy projects are developed for commercial and industrial clients. | 2011 | Mumbai, Maharashtra, India | USD 442.67 M | USD 166.51 M | 365 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Manufacturer of solar PV modules | 1990 | Mumbai, Maharashtra, India | USD 374.18 M | USD 2.77 B | 8,690 | |
Sustainable energy solutions are developed and operated worldwide. | 2000 | Chicago, Illinois, United States | USD 575 M | – | 1,276 | |
Solar energy services are provided to residential customers nationwide. | 2007 | San Francisco, California, United States | USD 296.98 M | USD 2.96 B | 11,060 |
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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 $194.05M, raised on Oct 13, 2022.
Sunly has 11 employees.
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.
Sunly operates through Sunly As.