Hannover-based energy power generation startup MARCLEY, which offers owners of multifamily homes a solar solution to benefit from green electricity, has raised €5 million in a seed funding round to supply residents with affordable, eco-friendly electricity. The investment was led by VIRIDA and Venture Stars.
- Founded in 2022 by Friedrich Grimm, Florian Schnipkoweit, and Florian Schulte, MARCLEY offers a free PV solution, enabling homeowner communities to have a shared, environmentally friendly power supply without any bureaucratic or financial burden.
- The startup is focused on delivering green electricity in Germany by using unused roof spaces on apartment buildings. The startup provides an easy-to-install solar solution for multifamily homes, allowing homeowners' associations to access photovoltaic (PV) power with no upfront costs.
Details of the deal
- The fresh funding round was led by Utrecht-based VIRIDA, a venture capital firm that supports energy transition startups, and Venture Stars, a Munich-based firm specializing in early-stage investments in innovative digital B2C and B2B business models. Their investment tickets typically range from €500,000 to €2 million.
"Happy to announce our investment into Marcley. Fantastic work and co-operation from the teams of Marcley, VIRIDA, and our co-investor Venture Stars. We look forward to supporting the team and further growth of the German multi-family building roof-top solar market," VIRIDA's team, commented on LinkedIn.
- Angel investors, including Emma Tracey and Florian Bennhold, along with our previous investors, also participated in the round.
- The initial investment will enable MARCLEY to provide homeowners with access to green energy at no upfront cost or effort, delivering affordable, eco-friendly electricity.
"Our goal is to supply residents of apartment buildings with cost-effective solar power from their own roofs. With our innovative solar solution, we can reduce the annual electricity costs for residents by several hundred euros and thus drive the energy transition. A big thank you goes to our great team and supporters! Together, we are shaping a more sustainable future," MARCLEY'S team, stated on Linkedin.
