PVcase, a Vilnius, Lithuania-based provider of solar project design software, secured a joint investment of $100m.
The round, which brought total funding to over $123m, was led by Highland Europe, Energize and existing investor Elephant.
The company intends to use the funds to continue to expand operations and develop its software solution.
Led by CEO David Trainavicius, PVcase provides a SaaS based solar design solution which makes solar project design faster, efficient, and precise while solving the solar industry’s growing problem of “data risk.” The platform aims to cover every step in the design and operations process in a single platform. This investment follows the company’s recent acquisition of solar siting leader Anderson Optimization. The two platforms’ data fields have already been matched, enabling transfer with a few mouse clicks. PVcase also introduced Anderson Optimization software to the European market, first covering Germany, Spain and the UK.
The company has operated almost exclusively from its revenue stream while expanding into 75 countries.
FinSMEs
17/07/2023