Roofit.Solar develops building-integrated photovoltaic (BIPV) roofs that incorporate solar energy collection into roofing materials. The company serves customers in 17 European countries, including Estonia, Sweden, Germany, Norway, Poland, Austria, Belgium, Switzerland and the UK. It uses its roof planning software and structural components (studs and beams) to integrate PV into roofs and is working on product and software improvements. Management says revenue has steadily increased and that the company had an exceptionally strong 2022. Planned uses of new capital include ramping up production capacity, training roofing partners, accelerating expansion beyond home markets (Germany, Sweden and Estonia), and developing new products. The company is headquartered in Tallinn and is led in part by CFO and co-founder Raimond Russak.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2023