Skip to main content
Tech.euFundingExplorerBeta

Otovo

A provider of residential solar energy solutions that coordinates the planning and installation of solar panels and battery systems through local installers.

Otovo has raised €282M across 9 funding rounds from 13 investors, most recently a round in Nov 2023. Based in Oslo, Norway; founded 2016; active in Cleantech. Data as of 28 Oct 2026.

Oslo, NorwayFounded 2016www.otovo.no ↗
Cleantech
← All companies
Total raised
€282M
€282,150,000
Funding rounds
9
Investors
13
distinct backers
Active since
2016-02
latest 2023-11

Funding by year

EUR raised per year
Otovo — funding by year — interactive chart.
Data table
Otovo — funding by year
2016€3.1M
2017€61M
2018€11M
2019€18M
2022€30M
2023€160M

Signals

High confidence
Raise-next likelihood6
base rate 30% for Other
  • ▼ Past typical raise window
  • ▲ Up-round momentum
  • ▼ Low backer re-investment
Exit likelihood23
base rate 11% (2+ rounds)
  • ▲ €100M+ raised
  • ▲ 9 rounds raised
  • ▲ 10y since founding (typical exit age)
  • ▼ No recent equity round (debt-only or quiet)

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

Funding rounds

9 rounds
DateStageAmountInvestors
2023-11-13Other€40MÅ Energy,Axel Johnson,NysnøView deal →
2023-01-25Other€20MAgder Energi Venture,AxSol,Nysnø Klimainvesteringer,OBOSView deal →
2023-01-25Debt€100MDNB,SpareBank 1View deal →
2022-02-22Other€30MAxel JohnsonView deal →
2019-10-01Other€18MAxel JohnsonView deal →
2018-11-08Other€11MKLP Liv,NysnøView deal →
2017-07-28Other€61MAkershus Energi,OBOSView deal →
2016-09-01Series A€2.3MAgder Energi VentureView deal →
2016-02-01Seed€850k—View deal →

Investors

13
Å EnergyAgder Energi VentureAkershus EnergiAxel JohnsonAxSolDNBKLP LivNysnøNysnø KlimainvesteringerOBOSSpareBank 1

Acquisitions

2

Related news

Similar companies

same sector or country

Global coverage: FundingData