✉news BusinessStartups first seen 3 d ago, last 3 d ago, peak #20
German startup 1Komma5Grad hits $1.35 billion valuation
Original: German startup 1Komma5Grad secures $1.35 billion valuation in new financing round
German climate-tech startup 1Komma5Grad has reached a $1.35 billion valuation in a new financing round, giving it unicorn status. The Hamburg-based company, which sells solar, heat pump and energy management solutions, is one of the few European startups to secure major funding amid a slowdown in venture capital, drawing attention to the continued investor interest in the energy transition sector.
Why now: The large funding round and unicorn valuation stand out amid a difficult climate for European startup financing.
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