VC firms in €60m funding round for Sonnen

German VC firms ECapital, Munich Venture Partners and Inven Capital have invested in previous funding rounds for Sonnen. The fresh capital will be used to support further international expansion.

Alongside the investment, Sonnen has announced a strategic cooperation agreement with Shell's New Energies division.

Previous funding
ECapital first backed Sonnen in January 2013, investing via its cleantech fund. ECapital also took part in a €7.5m round led by Munich Venture Partners in December 2014.

Inven provided further expansion capital in July 2015 at an undisclosed valuation.

Company
Sonnen produces and sells intelligent power storage products for households and commercial clients. Its modular storage technology provides customers with increased energy self-supply, back-up power, active energy management and compatibility with smart-home systems. The company is based in Wildpoldsried, Germany, and has additional office in the US.

People
Sonnen – Christoph Ostermann (CEO).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Venture