German start-up Sonnen has gained $85m in its latest round of funding from previous investors as well as new partners, including GE Ventures and Envision Energy. The Series D round is anticipated to be the last three before an initial public offering, according to Sonnen CEO Christoph Ostermann. The company will use the funds to expand internationally, broadening its bases in the UK, US and Italy, maintaining growth and expanding on its energy services technology and business.
German start-up Sonnen has gained $85m in its latest round of funding from previous investors as well as new partners, including GE Ventures and Envision Energy. The Series D round is anticipated to be the last one before an initial public offering, according to Sonnen CEO Christoph Ostermann. The company will use the funds to expand internationally, broadening its bases in the UK, US and Italy, maintaining growth and expanding on its energy services technology and business.