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Swedish EnergyTech startup Elvy raises €5.9 million to accelerate growth and establish a subscription model, with Essential Capital and Daft Capital leading the round.

PRIVATEMay 14, 2026

Amount Raised

€5.9 Million

Round Type

Funding Round

ÖstermalmEnergyRenewable Energy

Investors

Mathias KampradEssential CapitalDaft Capital

Description

Elvy has closed a €5.9 million funding round, led by Essential Capital and Daft Capital, to accelerate growth and establish its subscription model as the market standard for homeowners. The company aims to address Sweden's electricity crisis with its technology and plans to invest over €1 billion. Elvy's subscription model has grown 10x in 2025, demonstrating strong demand. Business leader Knut Frängsmyr has joined as Chairman of the Board.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Elvy that raised within 45 days of this round, from Fundz verified event records.

  • WeLight raised $31M (Funding Round) on June 28, 2026.
  • GLB Power raised $47M (Series E) on June 26, 2026.
  • Anferra raised an undisclosed amount on June 25, 2026.
  • H2SITE raised $48M (Series B) on June 25, 2026.
  • Eqon raised $6M (Seed) on June 24, 2026.
  • Surge Battery Metals raised $7.3M on June 24, 2026.

Who to call at Elvy, and when

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Company Information

Company

Elvy

Location

Östermalm, Stockholm County, Sweden

About

Elvy is a Swedish energy company offering integrated home energy solutions through a subscription model. Their packages include solar panels, heat pumps, and home battery systems, designed to eliminate large upfront investments for homeowners. By combining smart technology with installation services, Elvy aims to help households reduce energy costs and emissions. The company focuses on delivering peace of mind to its customers, ensuring predictable energy expenses without requiring them to become energy experts.

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Elvy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.