Business · Companies · 11 hrs ago
1Komma5 raises €70m as IPO plans remain on hold
German climate tech company 1Komma5 has raised €70m.
The money came from both new and existing investors.
The company is described as a unicorn, meaning a privately held company valued at more than $1bn.
It had been expected to list its shares on public markets.
Those IPO plans remain on hold.
The fundraising comes as the company continues without a public listing.
No new timing for an IPO is given.
German climate tech company 1Komma5 has raised €70m from new and existing investors.
The company is keeping its long-awaited public-market listing on hold.
Sifted describes 1Komma5 as a unicorn.
The source does not state why the company raised the funding or when the money was raised.
- Who
- German climate tech company 1Komma5 and its new and existing investors.
- What
- 1Komma5 raised €70m while keeping its planned public-market listing on hold.
- When
- Not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Company
- 1Komma5
- Funding raised
- €70m
- Investors
- New and existing investors
- Company description
- German climate tech unicorn
- IPO plans
- On hold
Sources
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