Announced
Completed
Financials
Sources
Tags
heat pumps
renewable energy
Czechia
Environmental / Waste Management
Acquisition
Cross Border
Minority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
The Westly Group, a venture capital company, and Fifth Wall, a venture capital firm, led the €20.5m funding round in Woltair, a renewable energy company, with participation from ArcTern Ventures, KAYA, and Inven Capital. "We are thrilled to have received this additional investment from our existing and new investors. It's confirmation for us that we are moving in the right direction and that our model is truly unique. Such rapid growth in the Czech market and dynamic development abroad is made possible not only by our unique platform, which can be applied relatively easily virtually anywhere in the world, but also by the strong background of experienced investors from the Czech Republic, Europe, the USA, and Canada, who are, among other things, a guarantee of stability," Jan Hanus, Woltair CEO.
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