Zolar extends its series B with €15 million, backed by Inven Capital, which specialises in greentech, as well as TS Ventures, Heartcore Capital, Statkraft Ventures et all.

Zolar, a Berlin, Germany-based company operating a marketplace making available solar energy systems for private households, announced securing an additional €15 million to its Series B round.

The series B was announced in 2019, at a first closing of €10 million, and now totals €25M ($30M).

Overall the round was led by the VC investor from the Czech Republic Inven Capital, and included TS Ventures, Heartcore Capital, Statkraft Ventures, BayWa r.e. Energy Ventures and Partech Partners.

Zolar, founded in 2016 by Alex Melzer (CEO) and Gregor Loukidis, is a manufacturer of photovoltaic systems integrated with a smart software management system and aimed at the consumer market. The company sells DTC via its platform, where custmers can access a Zolar Online Configurator and the Zolar Project Center, a portal for partnered installation technicians, helping them digitise their side of the work.

Prior to this round, Zolar raised a €4 million in 2017.