1KOMMA5° expands pre-IPO financing round
The Hamburg-based energy startup 1KOMMA5° has expanded its pre-IPO financing round of 150 million euros, which was concluded in December 2024, by an undisclosed amount. Sabanci Climate Ventures, the ClimateTech investment arm of the Turkish Sabanci Group, has joined as a new investor.
1KOMMA5° primarily wants to scale its software business
The additional capital will be used to accelerate organic growth. From 2025 to 2027, the company plans to invest over 100 million euros in the expansion of its software business centred around Heartbeat AI. The energy management software currently controls over 500 megawatts of flexibility capacity, making it the largest integrated virtual power plant for private households in Europe. In November 2024, 1KOMMA5° announced the spin-off of Heartbeat GmbH as an independent subsidiary.
1KOMMA5° was founded in 2021, currently employs almost 2,500 people worldwide and serves over 120,000 customers. To date, the company has raised almost 400 million euros in equity and remains debt-free. With a valuation in excess of one billion euros, it is one of the so-called startup unicorns. Existing investors include Hamilton Lane, CalSTRS, G2VP, Porsche Ventures, Eurazeo, b2venture, eCapital, 2150vc, Norrsken, Blue Elephant Ventures, the Haniel and Schürfeld family offices and Jan Klatten.
