About Sunseap
Sunseap is a company based in Singapore (Singapore) founded in 2011 by Jiemin Wu and Frank Phuan was acquired by EDP Renewables in November 2021.. Sunseap has raised $238.82 million across 12 funding rounds from investors including Goldman Sachs, ING and EDP Renewables. Sunseap operates in a competitive market with competitors including Sembcorp Industries, AMPYR and Eigen Energy, among others.
- Headquarter Singapore, Singapore
- Founders Jiemin Wu, Frank Phuan
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sunseap Group Pte. Ltd.
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Annual Revenue
$143.86 M (USD)19as on Dec 31, 2023
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Net Profit
$-33.49 M (USD)-48as on Dec 31, 2023
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EBITDA
$28.75 M (USD)63as on Dec 31, 2023
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Total Equity Funding
$238.82 M (USD)
in 12 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 11 more
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Employee Count
Employee Count
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Acquired by
EDP Renewables
(Nov 03, 2021)
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Funding Insights of Sunseap
Sunseap has successfully raised a total of $238.82M across 12 strategic funding rounds. 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 12
- Last Round Last Round
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First Round
First Round
(11 Feb 2014)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series E - Sunseap | Valuation | Dutco |
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| Feb, 2020 | Amount | Series D - Sunseap | Valuation | Banpu NEXT |
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| Jan, 2020 | Amount | Series D - Sunseap | Valuation | Temasek |
| 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 Sunseap
Sunseap has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, ING and EDP Renewables. 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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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Infrastructure investments in impact-driven companies are managed.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Shell
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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 Sunseap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - Sunseap
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunseap Comparisons
Competitors of Sunseap
Sunseap 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 Sembcorp Industries, AMPYR and Eigen Energy, 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 |
Large-scale asset development and management are conducted globally.
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| domain | founded_year | HQ Location |
Solar and wind energy projects are developed globally.
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| domain | founded_year | HQ Location |
Provides solar PV, EV charging, and energy storage for residential, commercial, and utility sectors.
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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 Sunseap
Frequently Asked Questions about Sunseap
When was Sunseap founded?
Sunseap was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Sunseap located?
Sunseap is headquartered in Singapore, Singapore.
Who is the current CEO of Sunseap?
Frank Phuan is the current CEO of Sunseap. They have also founded this company.
Is Sunseap a funded company?
Sunseap is a funded company, having raised a total of $238.82M across 12 funding rounds to date. The company's 1st funding round was a Series D of $36.81M, raised on Feb 11, 2014.
What is the annual revenue of Sunseap?
Annual revenue of Sunseap is $143.86M as on Dec 31, 2023.
What does Sunseap do?
Sunseap was established in 2011 in Singapore, where solar energy services are focused. Rooftop installation solutions are delivered to commercial clients, alongside operations as an independent solar power producer. Licensing as an energy retailer in Singapore has been obtained. Recognition through the Singapore Sustainability Award was received in 2013, supporting activities in the renewable energy sector.
Who are the top competitors of Sunseap?
Sunseap's top competitors include Sembcorp Industries, AMPYR and Eigen Energy.
Who are Sunseap's investors?
Sunseap has 12 investors. Key investors include Goldman Sachs, ING, EDP Renewables, United Overseas Bank, and Temasek.
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