# Crystalsol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crystalsol

- Industry: Semiconductors
- Headquarters: Vienna, Austria
- Website: www.crystalsol.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 29, 2013)
- Investors on record: 6

## About

Crystalsol develops advanced materials, specializing in high-performance solar cells that enhance energy efficiency and sustainability across various applications, including residential and commercial sectors.Founded in 2008 in Vienna, Austria, Crystalsol focuses on producing innovative solar technology solutions. The company has raised a total of EUR 0.57 mn in funding, with its most recent deal occurring on December 31, 2016, led by ARAX Capital Partners. The current CEO is Rumman Syed.Crystalsol specializes in innovative solutions within the field of advanced materials, focusing primarily on the development and production of high-performance solar cells. Their flagship product is designed to enhance energy efficiency and sustainability for applications ranging from residential energy systems to large-scale commercial installations. The company provides solutions that maximize energy output while minimizing environmental impact, and its products serve a diverse clientele, including energy companies and environmentally conscious consumers across Europe, North America, and Asia-Pacific.Crystalsol generates revenue through direct sales and partnerships within the renewable energy sector, primarily engaging in B2B transactions. Revenue streams include sales of solar cells and long-term partnerships to integrate their technology into larger energy projects, with pricing aligned to industry standards and flexibility for bulk purchases. The revenue model may also incorporate licensing agreements for the use of their patented technologies.Crystalsol plans to leverage its recent funding of EUR 0.57 mn to support the launch of upcoming innovative solar products aimed at enhancing energy efficiency. The company is targeting expansion into new markets across Europe and Asia-Pacific by 2025, focusing on partnerships with local energy firms and distributors to enhance market penetration.

## Funding rounds

- Series A, Jan 29, 2013, $11M — Conor Venture Partners, ARAX Capital Partners
- Seed, Aug 30, 2009, $3.6M — Conor Venture Partners, Energy Future Invest, Austrian Research Promotion Agency, aws Austria Wirtschaftsservice Gesellschaft, Enterprise Estonia

## Investors

- Conor Venture Partners (https://capitalatlas.ai/funds/conor-venture-partners) — Seed, Series A
- Energy Future Invest (https://capitalatlas.ai/funds/energy-future-invest) — Seed
- Austrian Research Promotion Agency — Seed
- aws Austria Wirtschaftsservice Gesellschaft — Seed
- Enterprise Estonia — Seed
- ARAX Capital Partners (https://capitalatlas.ai/funds/arax-capital-partners) — Series A