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- 1Komma5°
1Komma5° Revenue, Valuation, Funding & Investors
1Komma5° is valued at $1.4B as of December 2024.
Last 1Komma5° valuation
$1.4B
Undisclosed stage · Dec 2024
Last 1Komma5° funding round
$155M
Undisclosed stage · Dec 2024
1Komma5° revenue
$598M
Series B · Jun 2023
Key investors in 1Komma5°
Eurazeo
b2venture
Norrsken VC
eCAPITAL
Porsche Ventures
G2 Venture Partners
About 1Komma5°
1Komma5° is a Berlin-headquartered ClimateTech company delivering integrated energy solutions at 80 sites in seven markets including Germany, Austria, and the US. It installs photovoltaics systems up to 10 kWp, battery storage with 15 kWh capacity, heat pumps for heating, and EV charging stations bundled into subscription models for residential and commercial properties.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Subscription
Revenue
$598M (Jun 2023)
Valuation
$1.4B (Dec 2024)
1Komma5° Valuation
1Komma5° is currently valued at $1.4B, based on its undisclosed-stage round in December 2024.
The $155M round was led by CalSTRS and G2 Venture Partners, with participation from Hamilton Lane, b2venture, 2150, E*Capital, Norrsken VC and 1 other investor.
1Komma5°'s valuation has grown 1.2x from $1.1B at its Series B in June 2023 to $1.4B in December 2024, across 2 priced rounds.
1Komma5° valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2024 | Undisclosed stage | $1.4B | - |
| Jun 2023 | Series B | $1.1B | 1.9x |
1Komma5° Revenue
1Komma5°'s latest recorded revenue is $598M, as of its Series B in June 2023. At a $1.1B valuation, that implies a 1.9x revenue multiple.
1Komma5° revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2023 | $598M | $1.1B | 1.9x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
1Komma5° Funding History
1Komma5° has raised a total of $639M across 3 funding rounds.
1Komma5°'s first fundraising round was a $211M Series A in April 2022. The most recent completed round was a $155M undisclosed-stage round in December 2024.
1Komma5° funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2024 | Undisclosed stage | CalSTRS (lead); G2 Venture Partners (lead); Hamilton Lane; b2venture; 2150; E*Capital; Norrsken VC; Eurazeo | $155M | $1.4B | 1KOMMA5° is a Hamburg-based cleantech startup founded in 2021 that provides an integrated home electrification platform combining rooftop solar installation, heat pumps, battery storage, and energy management software. The company operates as a vertically integrated residential clean energy provider across Europe, with over 2,500 employees globally and approximately 120,000 customers served across 80 locations and 26 showrooms. In December 2024, 1KOMMA5° closed a €150 million pre-IPO financing round led by CalSTRS and G2 Venture Partners, with participation from existing investors including Hamilton Lane, Porsche Ventures, Eurazeo, b2venture, eCapital, 2150vc, Norrsken, Blue Elephant Ventures, and family offices. The round was subsequently expanded in early 2025 with an additional undisclosed investment from Sabanci Climate Ventures. At the time of the round, the company was valued at €1.2 billion, reflecting its status as a European cleantech unicorn. For fiscal year 2024, 1KOMMA5° reported preliminary revenues of approximately €520 million, representing 15.5% year-over-year growth from €450 million in 2023. Organic sales (excluding acquisitions) grew particularly strongly by 36%, from €360 million in 2023 to €490 million in 2024. The company achieved this growth while maintaining profitability, with the company previously reporting operational profit (EBIT) of approximately €50 million. The company plans to invest over €100 million from 2025 to 2027 in expanding its Heartbeat AI software business, which manages Europe's largest virtual power plant for residential customers with over 500 megawatts of flexibility capacity and approximately 40,000 connected energy systems. 1KOMMA5° has raised approximately €400 million in total equity since its founding and remains debt-free, with an unused credit line of €100 million. |
| Jun 2023 | Series B | G2 Venture Partners (lead); b2venture; Haniel; eCAPITAL; Blue Elephant Capital; Jan Klatten; Norrsken VC; Eurazeo; Porsche Ventures | $273M | $1.1B | 1Komma5° is a Hamburg-based cleantech startup founded in 2021 that provides an integrated platform for carbon-neutral energy solutions, including solar panels, heat pumps, and the Heartbeat AI energy management system and virtual power plant for optimizing consumption in homes and buildings. The company pursues a pan-European buy-and-build strategy through acquisitions in markets like Spain, Italy, Austria, and Switzerland to create a one-stop-shop for CO2-neutral electricity, mobility, and heat. On June 23, 2023, 1Komma5° closed a heavily oversubscribed Series B growth financing round, raising €215 million in equity beyond the €150 million target, led by G2 Venture Partners with participation from existing investors including eCAPITAL Entrepreneurial Partners, Porsche Ventures, b2venture, Haniel, Eurazeo, Jan Klatten, Blue Elephant Capital, and Norrsken VC. An additional €215 million was secured via re-participation options tied to future acquisitions, enabling up to €430 million ($470 million) total investment for vertical integration, technology development of Heartbeat, and virtual power plant expansion. This round valued the company at more than €1 billion, achieving unicorn status just 23 months after inception, with G2VP's Ben Kortlang joining as Vice Chairman. The funds support scaling operations, team growth, and product acceleration amid the energy transition. Prior to this, 1Komma5° raised €200 million in a Series A in April 2022 from Porsche Ventures, b2venture, and Jan Klatten. The company had grown to over 1,000 employees by mid-2023. |
| Apr 2022 | Series A | b2venture (lead); eCAPITAL (lead); Eurazeo (lead); Porsche Ventures (lead); kopa ventures; Haniel; Blue Elephant Capital; Jan Klatten; Schürfeld Group | $211M | - | 1Komma5° is a Hamburg-based cleantech company founded in 2021, specializing in home electrification solutions including solar panels, heat pumps, batteries, EV chargers, and the Heartbeat AI energy management software platform, which operates Europe's largest virtual power plant for residential customers connecting over 40,000 systems. The company rapidly achieved unicorn status, raised over €400 million in equity funding across multiple rounds, expanded to five European countries and Australia, and employs around 2,500 people worldwide with 80 locations and 26 showrooms. It focuses on growth through organic expansion and software, planning €100 million investment in Heartbeat AI over three years targeting double-digit million sales in 2025 and €10 billion annual revenue by 2030. The specified November 2022 funding round involved investors including b2venture, Blue Elephant Capital, eCAPITAL Entrepreneurial Partners, Eurazeo, Haniel, Jan Klatten, kopa ventures, Porsche Ventures, and Schürfeld Group, with leads b2venture, eCAPITAL, Eurazeo, and Porsche Ventures; sources confirm a ~€210.9 million raise. Subsequent developments include a €150 million pre-IPO round bringing total funding over €650 million, a €100 million credit line in 2023 (unused), and spin-off of Heartbeat GmbH in late 2024. Revenue grew significantly post-round: €260 million in 2022 (per one source), doubling to €460 million in 2023, then to ~€450-520 million in 2024 with 15-122% YoY growth and 36% organic sales increase from €360-490 million, achieving profitability while debt-free despite market challenges in solar and heat pumps. Solar accounts for <50% of orders, balanced by heat pumps and AC; 2024 order intake and software revenue hit records amid recession. |
Who has invested in 1Komma5°?
15 investors have backed 1Komma5° across its funding rounds, including Eurazeo, b2venture, Norrsken VC, eCAPITAL, Porsche Ventures and G2 Venture Partners.
Lead investors include CalSTRS, G2 Venture Partners, b2venture, eCAPITAL, Eurazeo and 1 other investor.
1Komma5° Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2022 | ||
| 3 | Lead | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Lead | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Apr 2022 | ||
| 2 | Participant | Jun 2023 | ||
| 2 | Lead | Jun 2023 | ||
| 2 | Lead | Apr 2022 | ||
| 1 | Participant | Dec 2024 | ||
| 1 | Lead | Dec 2024 | ||
| 1 | Participant | Apr 2022 | ||
| 1 | Participant | Dec 2024 | ||
This data is available for Pro users. Sign up to see all 15 1Komma5° investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by 1Komma5°
1Komma5° has acquired 1 company to date.
Last acquisition by 1Komma5° was on October 10th 2022. 1Komma5° acquired Natural Solar for undisclosed valuation.
Latest Acquisitions by 1Komma5°
| Description | Natural Solar is a Melbourne-based installer and maintainer of solar battery storage systems for residential and commercial renewable energy setups in Australia. Specializing in Tesla Powerwall and Sonnen integrations, it handles grid-tied and off-grid installations compliant with Clean Energy Council standards. Operating since 2012, the company services Victoria and New South Wales with monitoring software. |
| HQ Country | |
| HQ City | - |
| Deal Date | 10 Oct 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all 1Komma5° acquisitions and their M&A valuation multiples. Start Free Trial | |
1Komma5° Competitors
1Komma5° competitors include listed companies like Shoals, Sunrun, SMA Solar Technology and SolarEdge, and private ones like Palmetto and Climeworks.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $475M | $72M | $1.3B | 2.6x | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $3B | $546M | $2.1B | 6.0x | ||
| Publicly listed | $1.7B | ($77M) | $2.2B | 1.1x | ||
| Publicly listed | $1.2B | ($365M) | $2.2B | 1.6x | ||
| Private | - | - | $1.1B | - |
1Komma5° Public Comps
1Komma5° is still privately-owned, but its public comps include Minera Valparaiso, Hydrograph Clean Power, American Superconductor, REX American Resources, Tamboran Resources, Inox Wind, CropEnergies, Longshine Technology, Shikun & Binui Energy and Gunkul engineering PCL.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.6B | $630M | 3.2x | - | 8.1x | - | |||
| $43K | ($8M) | 30584.1x | - | (167.9x) | - | |||
| $299M | $19M | 4.3x | 3.8x | 67.5x | 45.3x | |||
| $650M | $97M | 1.8x | 1.8x | 11.9x | - | |||
| - | ($41M) | - | 109.3x | (35.9x) | (74.1x) | |||
| $439M | $100M | 3.7x | 3.0x | 16.4x | 15.1x | |||
| $5M | ($41M) | 270.8x | 1.1x | (35.0x) | 12.2x | |||
| $674M | $24M | 2.0x | 1.8x | 55.0x | 32.5x | |||
This data is available for Pro users. Sign up to see all 1Komma5° competitors and their valuation data. Start Free Trial | ||||||||
Common questions about 1Komma5°
| When was 1Komma5° founded? | 1Komma5° was founded in 2021. |
| Where is 1Komma5° headquartered? | 1Komma5° is headquartered in Germany. |
| Is 1Komma5° publicly listed? | No, 1Komma5° is a private, VC-backed company. |
| What is 1Komma5°'s valuation? | 1Komma5° was last valued at $1.4B in its undisclosed-stage round in December 2024. |
| How much funding has 1Komma5° raised? | 1Komma5° has raised $639M across 3 funding rounds. |
| What was 1Komma5°'s last funding round? | 1Komma5°'s last funding round was a $155M undisclosed-stage round in December 2024, led by CalSTRS and G2 Venture Partners. |
| Who are 1Komma5°'s investors? | 1Komma5°'s investors include b2venture, Eurazeo, Haniel, eCAPITAL, Blue Elephant Capital, Jan Klatten, Norrsken VC, G2 Venture Partners, Porsche Ventures, Hamilton Lane and 5 others. |
| What is 1Komma5°'s revenue? | 1Komma5°'s latest recorded revenue is $598M (June 2023). |
| What is 1Komma5°'s revenue multiple? | 1Komma5°'s latest valuation implies a 1.9x revenue multiple ($1.1B valuation on $598M of revenue). |
| Which companies are comparable to 1Komma5°? | Companies comparable to 1Komma5° include Shoals, Palmetto, Sunrun, SMA Solar Technology, SolarEdge and Climeworks. |
| How many companies has 1Komma5° acquired? | 1Komma5° has acquired 1 company, including Natural Solar. |
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