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Sunsave secured £5.4M in a seed funding round led by Norrsken to revolutionize green finance and make solar energy accessible to all UK households.

Mar 22, 2024over 1 year ago

Amount Raised

£5.4 Million

Round Type

seed

LondonEnergy

Investors

Bill NusseyRoland RuddMichael SpencerStuart RosePlug And PlayIpglNorrsken

Description

Sunsave, a green-energy company, has completed a £5.4 million seed funding round. The investment was led by Norrsken, along with previous investors IPGL, Plug and Play, and angel investors Stuart Rose, Michael Spencer, Roland Rudd, and Bill Nussey. The funds will be used to commercialize the solar subscription model, product development, and team expansion with experienced experts from the energy and personal finance sector.

Company Information

Company

Sunsave

Location

London, England, United Kingdom

About

Sunsave is a provider of a CA-authorised solar subscription service founded in 2022, making rooftop solar accessible to the mass market. The Sunsave Plus subscription removes upfront installation costs while providing comprehensive installation, monitoring, and maintenance services.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers