Otovo: Funding, Investors & Team (Oct 2026)
The simplest approach to instal solar panels on your roof is through Otovo. We are a network of highly skilled, locally based energy installers that we have carefully evaluated. Utilizing technology, we evaluate your home's potential and provide you with exact project recommendations. We have thousands of solar energy projects under our belts, and we're present in Austria, France, Germany, Italy, Norway, Poland, Portugal, Spain, Sweden, and the UK. Our goal is to dominate the European market for residential solar.
Otovo has raised $176M across 4 funding rounds on record, the most recent an undisclosed round of $16.6M announced in Mar 2026.
That round is above the $3.6M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Otovo Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Otovo Funding Rounds
Otovo raised $112M in an undisclosed round announced in Jan 2023.
10 months later, an undisclosed round of $42.7M was announced in Nov 2023.
2.1 years later, an undisclosed round of $5.0M was announced in Dec 2025.
3 months later, an undisclosed round of $16.6M was announced in Mar 2026.
Otovo Founders and Leadership Team
Contact details for the Otovo team: 2 of 3 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →Otovo Funding Compared to Other Commerce and Shopping Startups
Otovo's latest round of $16.6M is above the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Otovo in Commerce and Shopping and Oslo
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Otovo Funding FAQs
What does Otovo do?
The simplest approach to instal solar panels on your roof is through Otovo. We are a network of highly skilled, locally based energy installers that we have carefully evaluated. Utilizing technology, we evaluate your home's potential and provide you with exact project recommendations. We have thousands of solar energy projects under our belts, and we're present in Austria, France, Germany, Italy, Norway, Poland, Portugal, Spain, Sweden, and the UK. Our goal is to dominate the European market for residential solar.
How much funding has Otovo raised?
Otovo has raised $176M across 4 rounds on record. The most recent is an undisclosed round of $16.6M announced in Mar 2026.
When did Otovo last raise funding?
Otovo's most recent funding round on record is an undisclosed round of $16.6M, announced in Mar 2026.
Who founded Otovo?
FundedIQ lists Andreas Thorsheim (Founder), John Berger (Founder), Simen Fure Jorgensen (Founder) at Otovo.
Where is Otovo headquartered?
Otovo is based in Oslo, Norway.
How many employees does Otovo have?
Otovo is in the 251-500 employee band.
How does Otovo's funding compare to other Commerce and Shopping startups?
Otovo's latest round of $16.6M is above the $3.6M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Otovo 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 Otovo is left off this page rather than filled in.
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