We advised the global leader in solar project design software, PVcase on attracting USD 100 million in investment. This is one of the largest investments in the history of Lithuania’s startup ecosystem and the largest in the Baltics this year.
Highland Europe, Energize and existing investor Elephant participated in this series B round. PVcase attracted a previous investment of EUR 20 million in the series A round.
Aims to create a one-stop solar design platform
All three investment funds said they invested in PVcase because its strong financial performance has positioned it to acquire other software platforms to pursue its long-term goal of being a one-stop solution for the solar engineering community.
“We plan to use this investment to drive more cost and time savings by offering a one-stop solar design platform,” said PVcase CEO David Trainavicius.
PVcase is a next-generation PV software-as-a-service company. Driven by world-class engineering and a cutting-edge development team, PVcase is helping power the energy transition by making solar project design faster, more efficient and more precise.
In June of this year, PVcase also announced the acquisition of Anderson Optimization, the most popular US solar power plant location platform, and introduced the software to the European market. Today, PVcase operates in 75 countries.
Our services and project team
Our team, led by partner Mantas Petkevičius, senior associate Mindaugas Dominykas Baniulis, and associate Goda Jakubauskaitė advised the client on all legal matters related to investment round, including negotiation and preparing transaction documents.