EIT Climate-KIC start-up Solar Monkey, Dutch market leader in solar panel software, has raised a fresh round of over € 1 million venture funding to accelerate the adoption of solar energy. The new round of capital comes from 4impact alongside Solar Monkeys existing investors: InnovationQuarter from her fund IQCapital and an informal. After having claimed market leadership in The Netherlands within 3 years of operations, it is time to venture abroad and help international solar installers to become more efficient and effective.
Solar Monkey, founded in 2013 by Jan Pieter Versluijs and Mels Hoolwerff, delivers B2B software for the design of solar power systems as well as remote performance monitoring services. Solar Monkey’s products stand out by their great ease-of-use, as well as their unique and accurate yield calculations developed at the TU Delft.
Solar Monkey now intends to enter into international solar markets, as part of its mission to accelerate the adoption of solar power. Solar Monkey has already made headway in Belgium, in response to customer demand. More countries will follow soon.
CEO Jan Pieter Versluijs: “This funding round enables us to gain a critical competitive edge as we venture abroad. We want to deliver maximum value to our new partners, so every dime goes into improving our product and telling our story.”
Read the full press release here.