Otovo: Funding, Investors & Team (Sep 2026)
To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup. We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
Otovo has raised $33.3M across 1 funding round on record, the most recent an undisclosed round of $33.3M announced in Feb 2022.
That round is above the $3.4M 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: Feb 2022.
Otovo Funding Rounds
Otovo Founders and Leadership Team
Contact details for the Otovo team: 1 of 1 has an email address on file.
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Otovo's latest round of $33.3M 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?
To homeowners, Otovo is the easiest way to get solar panels on the roof. We are a marketplace organizing a network of hundreds of local, high quality energy installers that we have vetted thoroughly. We use our proprietary technology to analyse the potential of any home and advise precisely about the ideal project. Founded in Oslo in 2016, our team consists of engineers, programmers and technical consultants located in Oslo, Stockholm, Paris, Madrid, Warsaw and Milan. In France, we are known as “In Sun We Trust”, the result of the merger with the French solar energy startup. We have sold and completed thousands of solar energy projects across Europe and aim to become the continent’s no.1 residential solar energy company. Otovo is financially solid, being backed by some of Scandinavia’s major investment entities, notably Axel Johnson of Sweden, Norway’s municipal pension fund (KLP), and Nysnø, the Norwegian green sovereign investment fund.
How much funding has Otovo raised?
Otovo has raised $33.3M across 1 round on record. The most recent is an undisclosed round of $33.3M announced in Feb 2022.
When did Otovo last raise funding?
Otovo's most recent funding round on record is an undisclosed round of $33.3M, announced in Feb 2022.
Who is the CEO of Otovo?
Andreas Thorsheim is listed as CEO at Otovo.
Where is Otovo headquartered?
Otovo is based in Oslo, Norway.
How many employees does Otovo have?
Otovo is in the 101-250 employee band.
How does Otovo's funding compare to other Commerce and Shopping startups?
Otovo's latest round of $33.3M is above the $3.4M 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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