Otovo

Otovo

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Organization

Contact Information

Overview

To homeowners, Otovo is the easiest way to get solar panels on the roof and batteries in the home. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project.

Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw, Milan, Berlin, Barcelona and Lisbon.

We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.

About

Industries

Marketplace, Energy, CleanTech, Solar, Renewable Energy

Founded

2016

Employees

101-250

Headquarters locations

Europe

Social

N/A

Profile Resume

Otovo headquartered in Europe, operates in the Marketplace, Energy, CleanTech, Solar, Renewable Energy sector. The company focuses on Marketplace and has secured $49.4B in funding across 200 round(s). With a team of 101-250 employees, Otovo is actively contributing to advancements in Marketplace. Their latest funding round, Venture Round - Otovo, raised $2.8M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Simen Fure Jorgensen

Simen Fure Jorgensen

Co-Founder & CPO

imagePlace Andreas Thorsheim

Andreas Thorsheim

Founder and CEO

imagePlace Svenja Witzmann

Svenja Witzmann

Interim VP Communications

imagePlace Anne Lene Holstad

Anne Lene Holstad

COO

Funding Rounds

Funding rounds

10

Investors

1

Lead Investors

0

Total Funding Amount

$246.8M

Details

1

Otovo has raised a total of $246.8M in funding over 1 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2016Seed844.9K

Investors

Otovo is funded by 32 investors.

Investor NameLead InvestorFunding RoundPartners
OBOS Group-FUNDING ROUND - OBOS Group42.8M
Otovo-FUNDING ROUND - Otovo7.0M
Otovo-FUNDING ROUND - Otovo2.8M
Agder Energi Venture-FUNDING ROUND - Agder Energi Venture2.8M

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