COMAL: Funding, Investors & Team (Sep 2026)
Comal SpA was founded in 2001 on the initiative of a group of technicians with meaningful experiences gained in the plant-industrial sector. He began his career as an installer of industrial plants, actively participating in the construction of thermoelectric plants, including that of Montalto di Castro, originally a nuclear plant. With the onset of the 2008 crisis in the plant engineering sector, Comal has diversified its activities by entering the renewable energy sector and specifically in the construction (with the EPC-M formula) of photovoltaic systems of large generative power, obtaining excellent results in terms of turnover volumes, plant performance, and customer satisfaction. Although the main part of the turnover comes from the construction of large photovoltaic plants, Comal is still present in the conventional plant engineering sector for mechanical-maintenance activities (for Enel, General Electric, etc.). The photovoltaic sector experience was first consolidated in South Africa and subsequently with the construction of large plants in Italy, for a total of over 600 MW of installed power to date. To name some of the institutional clients: ACEA, Octopus Investments, KGAL Investments, EDISON. In addition to the construction of the systems, Comal takes care of the O&M (Operational and Maintenance) phase for a minimum of 24 months, with particular reference to the aspects of maintenance, functionality, production performance of the systems, and anti-intrusion surveillance. Also, from April 2018, Comal supplies the single-axis trackers with solar tracking, structural components designed by Comal, totally produced in the Montalto di Castro plant. To date, Comal has provided trackers for over 350 MW.
COMAL has raised $5.3M across 1 funding round on record, the most recent an undisclosed round of $5.3M announced in Nov 2024.
That round is below the $14M median round size for Energy companies tracked on FundedIQ over the last two years.
COMAL Company Profile and Key Stats
Latest funding round on record: Nov 2024.
COMAL Funding Rounds
COMAL Founders and Leadership Team
No contact details are on record for this team yet.
COMAL Funding Compared to Other Energy Startups
COMAL's latest round of $5.3M is below the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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COMAL Funding FAQs
What does COMAL do?
Comal SpA was founded in 2001 on the initiative of a group of technicians with meaningful experiences gained in the plant-industrial sector. He began his career as an installer of industrial plants, actively participating in the construction of thermoelectric plants, including that of Montalto di Castro, originally a nuclear plant. With the onset of the 2008 crisis in the plant engineering sector, Comal has diversified its activities by entering the renewable energy sector and specifically in the construction (with the EPC-M formula) of photovoltaic systems of large generative power, obtaining excellent results in terms of turnover volumes, plant performance, and customer satisfaction. Although the main part of the turnover comes from the construction of large photovoltaic plants, Comal is still present in the conventional plant engineering sector for mechanical-maintenance activities (for Enel, General Electric, etc.). The photovoltaic sector experience was first consolidated in South Africa and subsequently with the construction of large plants in Italy, for a total of over 600 MW of installed power to date. To name some of the institutional clients: ACEA, Octopus Investments, KGAL Investments, EDISON. In addition to the construction of the systems, Comal takes care of the O&M (Operational and Maintenance) phase for a minimum of 24 months, with particular reference to the aspects of maintenance, functionality, production performance of the systems, and anti-intrusion surveillance. Also, from April 2018, Comal supplies the single-axis trackers with solar tracking, structural components designed by Comal, totally produced in the Montalto di Castro plant. To date, Comal has provided trackers for over 350 MW.
How much funding has COMAL raised?
COMAL has raised $5.3M across 1 round on record. The most recent is an undisclosed round of $5.3M announced in Nov 2024.
When did COMAL last raise funding?
COMAL's most recent funding round on record is an undisclosed round of $5.3M, announced in Nov 2024.
Who founded COMAL?
FundedIQ lists Andrew Hancock (Founder) at COMAL.
Where is COMAL headquartered?
COMAL is based in Montalto Di Castro, Lazio, Italy.
How many employees does COMAL have?
COMAL is in the 101-250 employee band.
How does COMAL's funding compare to other Energy startups?
COMAL's latest round of $5.3M is below the $14M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's COMAL Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for COMAL is left off this page rather than filled in.
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