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
-
Sectors
Energy & Utilities
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Sunly As
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$63.05 M (USD)
in 4 rounds
-
Latest Funding Round
$63.05 M (USD), Series C
Dec 05, 2024
-
Investors
Natixis
& 6 more
-
Employee Count
11
as on Sep 30, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Sunly
Sunly offers a comprehensive portfolio of products and services, including Electricity Packages, Solar Parks, and Wind Parks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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
-
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 |
|
| Aug, 2024 | Amount | Debt – Conventional - Sunly | Valuation |
investors |
|
| Jun, 2023 | Amount | Debt – Conventional - Sunly | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | 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. 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 |
|---|---|---|---|---|
|
Corporate advisory services are provided across multiple sectors.
|
Founded Year | Domain | Location | |
|
Investments in equities, bonds, infrastructure, and impact projects are managed.
|
Founded Year | Domain | Location | |
|
Rivage Investment is engaged in sustainable asset management.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sunly
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Sunly
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. 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 |
Developer of solar energy projects
|
|
| domain | founded_year | HQ Location |
Solar energy projects are developed in Estonia and Europe.
|
|
| domain | founded_year | HQ Location |
Estonian firm managing assets in energy, metals, chemicals, and real estate development.
|
|
| domain | founded_year | HQ Location |
Develops innovative technologies for solar energy projects to promote sustainability.
|
|
| domain | founded_year | HQ Location |
Develops renewable energy solutions including solar power and bio fuels projects.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sunly
Frequently Asked Questions about Sunly
When was Sunly founded?
Sunly was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Sunly located?
Sunly is headquartered in Tallinn, Estonia.
Who is the current CEO of Sunly?
Priit Lepasepp is the current CEO of Sunly. They have also founded this company.
Is Sunly a funded 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.
How many employees does Sunly have?
As of Sep 30, 2024, the latest employee count at Sunly is 11.
What does Sunly do?
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.
Who are the top competitors of Sunly?
Sunly's top competitors include Estiko Energia, PEH Renewables and AVH Grupp.
What products or services does Sunly offer?
Sunly offers Electricity Packages, Solar Parks, and Wind Parks.
Who are Sunly's investors?
Sunly has 7 investors. Key investors include Natixis, EBRD, Copenhagen Infrastructure Partners, Mirova, and KLP.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.