🏆🙌 Exciting news from the Baltic M&A and Private Equity Awards 2024 in Vilnius. Skeleton Technologies clinched the Baltic Private Equity and Venture Capital Deal of the Year for our €108 million E1 funding round, featuring key investors like Siemens and Marubeni Corporation.
Read more https://lnkd.in/dD_5gRPe
This accolade marks our second win, following a significant nod in 2021 for our previous funding round, a deal the jury deemed “possibly the most important investment round in the clean technology market in Europe last year.”
The completion of the E1 round, bringing our total raised to €330 million, allows us to expand manufacturing, including a new factory in Leipzig, and advance our research and development for future technologies. It also strengthens our global industrial and strategic partnerships.
At the ceremony, Arnaud Castaignet, Vice President of Skeleton Technologies, said, “We are proud to showcase how cleantech scale-ups in Europe can grow further and faster by leveraging their established partners' resources and expertise to navigate markets, scale their businesses, and accelerate innovation and product development."
Highlighting the sector's growth, in 2023, €11.1 billion was invested in EU cleantech. Despite Europe’s rising global investment share to 21%, there's still room to catch up with North America and Asia Pacific.
Arnaud Castaignet concluded, “The Baltics offer fertile ground for cleantech innovation due to our agility as well as the current energy and security context, necessitating accelerated deployment of key clean technologies."
👏 Congratulations also to Maag Grupp and PVcase for their wins in their respective categories. Here’s to future successes in the Baltic cleantech sector!
Thank you to the organizers Sorainen and Verslo žinios.
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