Predictive Deal Signals: Week of July 6, 2020

Uncovering actionable deal opportunities for private equity, venture capital, angel investors and investment bankers by reading the data, not the rumors.

Week three of uncovering ventures that are in a stage of actionable opportunity. Deploying data science and statistical techniques, we’ve built in-real-time lists of companies that are actively searching key investment terminology far above average. We’ve supplemented these lists with important context. Some companies may be seeking early-stage growth capital and others may be looking to develop an in-house, strategic VC arm. The opportunities are diverse and may prove to be a great engagement for the right team.

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Headquarters: Berlin, Germany

Upper Level Management: Johannes Burgard, Johannes Dahl, Konrad Perenyi, Steffen Mangold

Last Funding: Series A, (February 25, 2020) $5.4 million

Number of Employees: 11-50

Total Funding: 2 rounds, $9.1M

Major Funding Investors: Vattenfall AB, EWE, various Angel Investors

Acquisitions: Powerdoo (2019), Suntrol Portal (2019)

Estimated Revenue Range: Less than $1M

Commentary:

Johannes Burgard, Johannes Dahl, Konrad Perenyi, Steffen Mangold founded this start-up in 2017. Located in Berlin, Germany, Solytic is a data-driven company working to optimize the performance of PV solar plants. They have designed hardware to monitor the PV plants and are currently used in 42 countries globally. By using data to analyze unused potential, they directly reduce licensing costs and make the energy more profitable.

The company has shown interest in expansion to the U.S., and bringing on U.S. investors (their current investor base is all German / European) would be a good way to enter the market.

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Headquarters: Natick, Massachusetts

Upper Level Management: Walid Halty

Last Funding: Unknown

Number of Employees: 15-20

Commentary:

Is highly likely Dvinci is active in the market for an equity deal which makes sense given its lean B2B software model in solar. The company operates strongly in the residential market at the critical pain point of lead generation, and then coordination around fulfillment.

Overall, the model is a source of good recurring revenues. An equity round would support further tech development, drive customer acquisition, and provide extra working capital for its aggressive growth.

Our guess is that B2B technology and software investors looking to touch alternative energy will appreciate the business more than traditional solar investors interested in data / software.

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Headquarters: Boston, Massachusetts

Upper Level Management: Zaid Ashai (CEO), Peter Tawczynski (CFO) 

Last Funding: August 22, 2018; Undisclosed

Total Funding: $75.1M

Number of Employees: 51-100 

Estimated Revenue Range: $10M to $50M 

Commentary:

Nexamp Inc is a Boston-based solar and energy storage solutions firm for the clean energy sector, using a vertically integrated structure in order to control every possible step of the solar project development process. The bottom line for investors: Nexamp has had an undisclosed amount of funding, but looks like a later-growth company that may need structured debt financing or possibly even an IPO after a closer look.  

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Headquarters: Torrance, California

Upper Level Management: Ken Button, Randy Bishop

Last Funding: Venture, $3.4M

Number of Employees: 501-1000

Total Funding: 5 rounds, $45.7M

Major Funding Investors: Angeleno Group

Estimated Revenue Range: $100M-$500M

After filing for Chapter 11 bankruptcy in 2016, Verengo began to rebuild after paying off its debts. Their last finding was a year prior to this, although it was clear that the company was beginning to hit financial hardship.

With a strong customer base in the California area, it is evident that more funding would give this company the boost to reclaim the position it once had.

Since the bankruptcy, Verengo Solar has made a recovery that would only be aided by investors.