# GreenCom Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/greencom-networks

- Industry: Software
- Headquarters: Munich, Germany
- Website: www.greencom-networks.com
- Total disclosed funding: $3.4M
- Latest round: Series C (Jun 14, 2017)
- Investors on record: 2

## About

GreenCom Networks, established in 2011 and based in Munich, Germany, specializes in developing innovative energy management solutions for the renewable energy sector, enhancing the integration of decentralized energy resources.GreenCom Networks is a company focused on energy management solutions. Founded in 2011 in Munich, Germany, the firm has undergone strategic developments to enhance its offerings. In August 2022, the company was targeted for acquisition by Enphase Energy, with the deal expected to finalize in Q4 2022, subject to regulatory approvals. The funding rounds have raised a total of EUR 12.000 mn, with the latest round led by Shell Ventures. The company has successfully completed 8 deals to date.GreenCom Networks provides advanced energy management solutions that facilitate the integration and optimization of decentralized energy resources. Their services are designed to empower both residential and commercial users by enabling efficient energy management and enhancing the utilization of renewable energy technologies. The company focuses on connecting various energy sources, including solar and storage systems, to enable seamless energy consumption and distribution.GreenCom Networks generates revenue through the sale of its energy management solutions and services. They typically engage customers with a standard consultation fee for installation services, which is credited toward the total installation cost. This model effectively supports their sales efforts and ensures customer satisfaction by facilitating a streamlined installation process.Looking ahead, GreenCom Networks aims to expand its product offerings and market reach. The company plans to leverage recent funding from its latest EUR 12.000 mn round to develop new energy management solutions and enhance existing products. Additionally, with the acquisition by Enphase Energy, the company is set to benefit from increased resources and market access, enabling a focus on expanding into new geographic regions and markets globally.

## Funding rounds

- Series C, Jun 14, 2017, $3.4M — SET Ventures, Munich Venture Partners
- Series C, Jun 1, 2014 — Munich Venture Partners

## Investors

- Munich Venture Partners (https://capitalatlas.ai/funds/munich-venture-partners) — Series C
- SET Ventures (https://capitalatlas.ai/funds/set-ventures) — Series C