Azora and two venture capital firms lead a round of nearly 100 million from the French company mylight150

MADRID, 30 Nov. (EUROPA PRESS) -

Azora, Eiffel Investment Group and Andera Partners have led a round of nearly 100 million euros from the French company mylight150, specialized in the design and distribution of photovoltaic self-consumption solutions and intelligent energy management systems, as reported this Thursday by the firm. , which already operates in France, Spain, Switzerland and Romania.

Thus, the Spanish fund Azora has entered as an investor in the French company mylight150, which has closed this round to consolidate its leadership in France and extend its commercial offer in Spain and other European countries, as detailed in a press release.

The firm has highlighted that Elevation Capital Partners, its current investor, has also participated in the round, while Demeter Partners and its Paris Fond Vert Fund, shareholders since 2020, complete their capital exit with this transaction.

The company has explained that, after receiving an initial investment of 2 million in 2016 and an additional round of 6.5 million in 2020, it has closed this round of 'growth capital' with three venture capital firms specialized in sustainability and transition investments. energy, specifically, Eiffel Investment Group through its Eiffel Essentiel fund; Azora Capital, through its Azora European Climate Solutions Fund I, and Andera Partners, with its Andera Smart Infra I fund.

The company based in Lyon (France) has explained that it expects to invoice 100 million euros in 2023, and that it currently employs more than 260 professionals, of which 70 are in its technological development and innovation department.

In this sense, it has highlighted that it hopes to add another 100 additional people to its workforce before the end of 2024, and multiply its turnover by five before 2030.