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Enpal

A provider of energy solutions including photovoltaic systems, heat pumps, electricity storage, wallboxes, and intelligent energy management systems.

Enpal has raised €4.6B across 14 funding rounds from 34 investors, most recently a Debt round in Oct 2025. Based in Berlin, Germany; founded 2017; active in Cleantech. Data as of 28 Oct 2026.

Berlin, GermanyFounded 2017www.enpal.de ↗
Cleantech
← All companies
Total raised
€4.6B
€4,591,000,000
Funding rounds
14
Investors
34
distinct backers
Active since
2019-10
latest 2025-10

Funding by year

EUR raised per year
Enpal — funding by year — interactive chart.
Data table
Enpal — funding by year
2019€0
2020€0
2021€595M
2022€925M
2023€1.2B
2024€1.1B
2025€810M

Signals

High confidence
Raise-next likelihood40
base rate 45% for Debt
  • ▼ In typical raise window
  • ▲ Up-round momentum
  • ▼ Low backer re-investment
Exit likelihood34
base rate 11% (2+ rounds)
  • ▲ €100M+ raised
  • ▲ 14 rounds raised
  • ▲ 9y since founding (typical exit age)
  • ▼ No recent equity round (debt-only or quiet)

Timing: in window vs cohort gap · momentum up. Funding-only estimates, not predictions and not investment advice — see signals.

Funding rounds

14 rounds
DateStageAmountInvestors
2025-10-22Debt€700MM&G InvestmentsView deal →
2025-04-07Other€110MPrivate Investors,SoftBank,TPGView deal →
2024-03-20Debt€1.1BBank of America,Barclays Europe,Credit AgricoleView deal →
2023-12-21Other€160MEquitix,Keppel Infrastructure Trust (KIT)View deal →
2023-06-09Debt€430MBlackRock,DWS Group,ING Germany,Phoenix GroupView deal →
2023-03-30Debt€356M—View deal →
2023-01-10Series D+€215MActivate Capital,HV Capital,PG Rise Climate,Princeville Climate Technology,SoftBank Vision Fund II Capital,The Westly GroupView deal →
2022-12-15Debt€855MBlackRock Alternatives,Infranity,ING,Pricoa Private Capital,UniCreditView deal →
2022-06-21Debt€70MPrime VenturesView deal →
2021-10-18Other€150MSoftBank Vision Fund 2View deal →
2021-09-21Debt€345MBlackRock,Pricoa Private Capital,Prudential Financial,UniCreditView deal →
2021-07-08Other€100MChristopher Muhr,E.R. Capital Holding,FRIBA Investment,Heliad Equity Partners,HV Capital,Peter Rive+1 moreView deal →
2020-11-03Other€0—View deal →
2019-10-01Series A€0—View deal →

Investors

34
Activate CapitalBank of AmericaBarclays EuropeBlackRockBlackRock AlternativesChristopher MuhrCredit AgricoleDWS GroupE.R. Capital HoldingEquitixFRIBA InvestmentHeliad Equity PartnersHV CapitalInfranityINGING GermanyKeppel Infrastructure Trust (KIT)M&G InvestmentsPeter RivePG Rise ClimatePhoenix GroupPricoa Private CapitalPrime VenturesPrinceville Climate TechnologyPrivate InvestorsPrudential FinancialSoftBankSoftBank Vision Fund 2SoftBank Vision Fund II CapitalThe Westly GroupThomas GrieselTPGUniCredit

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