SoftBank Vision Fund 2 provided all the capital in an extension to the rooftop solar system installer's latest round, at a $1.1bn valuation.

Telecommunications and internet group SoftBank has helped Enpal, the Germany-based operator of an artificial intelligence-equipped solar installation service, close its series C round at €250m ($290m), TechCrunch reported yesterday.

SoftBank’s Vision Fund 2 added €150m to the €100m provided by HV Capital, Heliad Equity, ER Capital, Friba Investment and private investors Peter Rive, Thomas Griesel and Christopher Muhr at an $826m valuation in July this year. The extension valued it at $1.1bn.

Enpal uses artificial intelligence to determine which solar…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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