PVcase has raised $123.6M in total across 3 funding rounds.
PVcase's investors include Elephant Partners, Blackhorn Ventures, Contrarian Ventures, foobar.vc, Founderful.
PVcase is a Lithuania-based software company founded in 2017 that builds an end-to-end platform for solar project development, including site selection, PV design, and yield estimation.[1][2][6] It serves solar engineers, developers, EPC firms, and industry leaders like AES, ib Vogt, RWE, Voltalia, and Iberdrola, solving labor-intensive, error-prone manual processes by automating workflows to design projects up to 30 times faster and support over 4 TW of projects annually across 75+ countries.[1][3][5] This accelerates clean energy deployment, reduces costs, and enhances accuracy for utility-scale and commercial solar assets.[2][4]
PVcase emerged from the frustration of solar engineers dissatisfied with traditional, manual solar design methods, evolving from an initial focus on AutoCAD-based tools to a comprehensive platform.[3][4] Founded in 2017 in Vilnius (with early operations in Kaunas), Lithuania, the company launched its software in 2018, quickly gaining traction by enabling designs for over 3 GW of projects and expanding to nearly 80 countries.[2][4] Key milestones include the 2024 acquisition of Anderson Optimization, which integrated automated site selection—reducing processes from weeks to 20 minutes—and recent expansions like PVcase Prospect for GIS-based analysis, solidifying its role in modernizing solar workflows.[3][7]
PVcase rides the global surge in utility-scale solar amid net-zero goals, where 2 TW is already installed and demand for the next terawatts requires 10x faster deployment to cut costs and emissions.[2][3] Timing aligns with subsidy reductions forcing efficiency, as manual workflows hinder scaling; PVcase's digitization fills this gap, enabling developers to compete via superior yields and de-risked early-stage planning.[4][5] It influences the ecosystem by setting new standards for PV SaaS, earning awards like the 2024 Smarter E (Photovoltaics), integrating with full software stacks, and expanding to renewables like data centers, thus accelerating clean energy transitions worldwide.[3][5][8]
PVcase is poised to dominate PV SaaS as solar scales to meet climate targets, with trends like AI-driven analytics, European market expansions (e.g., Germany, Spain, UK), and adjacent applications (data centers, rooftops) driving growth.[3][6][8] Expect further acquisitions and platform enhancements to solidify its 1,500-customer base, potentially powering 10+ TW annually while influencing industry standards for automated renewables. This positions PVcase as a linchpin in efficient solar deployment, directly fueling the shift from labor-intensive processes to a net-zero future.[1][5]
PVcase has raised $123.6M across 3 funding rounds. Most recently, it raised $100.0M Series B in July 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2023 | $100.0M Series B | Elephant Partners | |
| Oct 1, 2021 | $23.0M Series A | Blackhorn Ventures, Contrarian Ventures, Elephant Partners, foobar.vc, Founderful | |
| Oct 1, 2018 | $580K Seed | Blackhorn Ventures, Contrarian Ventures, foobar.vc, Founderful |
