EQS-News

Heliad Equity Partners GmbH & Co. KGaA: Enpal closes its Series D round with €200 million in equity

EQS-News: Heliad Equity Partners GmbH & Co. KGaA / Key word(s): Financing Heliad Equity Partners GmbH & Co. KGaA: Enpal closes its Series D round with €200 million in equity 10.01.2023 / 09:24 CET/CEST The issuer is solely responsible for the content of this announcement. Enpal closes its Series D round with €200 million in equity. TPG Rise Climate leads the round with participation of new and existing investors. Enpal continues its profitable growth track by crossing €400 million in revenues in 2022. Heliad expects its investment to appreciate in the high single-digit millions.  Frankfurt am Main, December 10, 2023 - Enpal, a portfolio company of Heliad Equity Partners GmbH & Co. KGaA (ISIN: DE000A0L1NN5), receives additional growth capital of €200 million. The Series D financing round is led by TPG Rise Climate, one of the world's leading investors in renewable energy and climate tech. With Westly Group and Activate Capital, two additional leading climate investors come on board. Existing investors such as HV Capital, Softbank and Princeville Climate Tech also participated in the Series D. This comes just weeks after the company closed €855 million in additional refinancing. The company’s total financing volume, consisting of debt and equity, amounts to more than €1.8 billion after closing of Series D with the company valuation reaching the milestone of €2 billion, pre-money. Heliad already participated in the Series C of the company in April 2021 and thus will see an appreciation of the investment in the high single-digit millions after only 18 months. Enpal, Germany's first and fastest-growing cleantech unicorn, serves around 30,000 customers with its all-in-one solar energy solution and is steadily exceeding its growth projections. As a result, Enpal crossed €400 million in revenues while also remaining net profitable. The additional capital will enable Enpal to continue its profitable growth plan, expand into new markets and further develop its own award-winning smart energy platform.