Startups
Sunly, a renewable energy company, is active in the Baltics and surrounding markets. Sunly is developing renewable energy projects through Sunly Infra and manages a renewable energy and electrification portfolio of start-ups through Sunly Startup.
Sunly Infra is developing a full range of renewable energy projects, employing the knowledge of an accomplished team of experts to develop, construct and operate renewable energy power plants.
Sunly Startup is managing a portfolio of startups in the field of renewable energy and electrification (smart grid, storage, demand response and similar). Sunly Startup is managing a hub called Port of Power & located in Tallinn, Estonia.
Sunly was established by 4Energia team after 4Energia shares were sold to Enefit Green AS. At the moment of acquisition 4Energia was the biggest renewable energy company in the Baltics.
Sunly has local teams in Estonia, Latvia, Lithuania and Poland.
Sunly Infra is developing a full range of renewable energy projects, employing the knowledge of an accomplished team of experts to develop, construct and operate renewable energy power plants.
Sunly Startup is managing a portfolio of startups in the field of renewable energy and electrification (smart grid, storage, demand response and similar). Sunly Startup is managing a hub called Port of Power & located in Tallinn, Estonia.
Sunly was established by 4Energia team after 4Energia shares were sold to Enefit Green AS. At the moment of acquisition 4Energia was the biggest renewable energy company in the Baltics.
Sunly has local teams in Estonia, Latvia, Lithuania and Poland.
Overview
Location
Estonia, Tallinn
Employees
11-50
Total raised
$32.41M
Founded date
2019
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 19
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Nov 18, 2025 | HoloSolis secures over €220 million to advance one of Europe’s largest solar gigafactories in France | HoloSolis, the French manufacturer of low carbon PV cells and modules, has secured over €220 million in public and private funding to build one of Europe’s largest solar gigafactories in Sarreguemines-Hambach. Backed by Calés Technologie an... |
| Aug 8, 2025 | CEE Tech Weekly: AI Startups, Smart Cities, and Biotech Breakthroughs | Central and Eastern Europe ~ Company: The Recursive’s weekly roundup aims to cover key tech developments across Central and Eastern Europe, as well as the growing impact of CEE-born founders on the global stage. Take a look at the latest ne... |
| Aug 4, 2025 | Estonian clean energy provider Sunly secures near €85 million to build four solar parks across Latvia | Tallinn-based Sunly, a renewable electricity provider, announced they received almost €85 million in international financing to build four solar parks in Latvia with a total capacity of 329 megawatts (MW) – reportedly enough to meet the ann... |
| May 15, 2025 | Deep roots, global reach: Estonia’s tech ecosystem | Estonia's tech ecosystem continues to demonstrate resilience and maturity amid global economic uncertainty. According to Startup Estonia, in the first quarter of 2025, startups generated over €400 million in turnover, contributed €63 millio... |
| Oct 31, 2024 | Powering the future: European energy tech companies leading the transition | From pioneering advancements in solar and wind energy to developing groundbreaking nuclear technologies, European tech companies spearhead efforts to create a more sustainable and resilient energy future. Their initiatives aim to reduce car... |
| Sep 6, 2024 | August 2024's top 10 European tech deals you need to know about | August was the slowest month YTD, with over €1.9 billion raised in some 203 deals. This figure represents a decrease of around 60 per cent compared to the previous month (in July European tech companies collected €5 billion). The August slo... |
| Aug 29, 2024 | Sunly secures €300M to transition to energy independence in the Baltics | Estonian enewable energy producer Sunly has raised €300 million in debt financing to accelerate the construction of 1.3 GW of solar, wind, storage, and hybrid parks across the Baltics and Poland. This brings the company’s debt and equity ca... |
| Aug 22, 2024 | UP Catalyst: Turning CO2 into Gold for the Battery Industry | In the heart of Tallinn, a revolution is brewing. UP Catalyst, a trailblazer in sustainable carbon material production, has secured an additional €2.36 million in funding. This fresh capital is not just a number; it’s a lifeline for a visio... |
| Aug 21, 2024 | Tallinn-based UP Catalyst bags extra €2.3 million to offer a sustainable solution for the battery value chain | UP Catalyst, a pioneer in sustainable carbon material production directly from CO2 emissions, has successfully closed a €2.36 million seed extension round. The funding round saw equal participation from Warsaw Equity Group, a leading privat... |
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FAQ about Sunly
When was Sunly founded?
Sunly was founded in 2019.
How much funding has Sunly raised?
Sunly has raised $32.41M in total across 1 funding round.
What has the press written about Sunly?
Parsers VC has collected 19 articles mentioning Sunly, among them “HoloSolis secures over €220 million to advance one of Europe’s largest solar gigafactories in France” (Nov 18, 2025) and “CEE Tech Weekly: AI Startups, Smart Cities, and Biotech Breakthroughs” (Aug 8, 2025).
Is Sunly still active?
Yes, Sunly is active; its latest activity on Parsers VC dates from Feb 5, 2026.