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SulfurCell

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Developer and manufacturer of thin film electricity-generating solar modules

Berlin, GermanyFounded 2002Energy
Valuation $100–250M Last recorded · 2011
Total funding $100–500M Disclosed equity funding
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About SulfurCell

SulfurCell was a German company established in 2001 in Berlin, operating in the renewable energy sector with a focus on thin-film solar module manufacturing. The firm was a spin-off from the Hahn-Meitner Institute, now the Helmholtz Centre Berlin for Materials and Energy, which is noted as Europe's largest research center for thin-film photovoltaics. This origin provided the company with deep technical expertise, which it successfully transferred from research to industrial-scale production.

The company specialized in developing and producing solar cells based on copper indium sulfide (CIS) and later copper indium gallium selenide (CIGS/CIGSe) technology. Its business model centered on manufacturing these modules and supplying them for building-integrated photovoltaics (BIPV), as well as residential and commercial rooftop applications. The target clients included architects, property owners, and a network of system integrators and installers. Revenue was generated through the sale of these solar modules, which began in Europe in 2005 and later expanded to the U.S. in 2010.

SulfurCell's modules were distinguished by their use of a thin CIS layer, which absorbed as much sunlight as silicon layers a hundred times thicker, resulting in lower material and energy consumption during manufacturing. Key features included a sleek, black appearance popular with architects, high efficiency in hot temperatures, and a lower voltage that reduced system costs. The modules were IEC-certified, demonstrating durability by maintaining performance for over 2,000 hours at 85 degrees Celsius and 85 percent humidity. A significant milestone was achieved in 2008 when the company was ranked sixth on the inaugural Guardian/Library House "CleanTech 100" list. The firm attracted considerable venture capital, with investors like Intel Capital, Vattenfall Europe, and Gaz de France Suez contributing to funding rounds, including a notable €85 million raised in July 2008 and another €18.8 million in January 2011. In 2009, SulfurCell rebranded to Soltecture to better reflect its evolution towards integrated solar, technology, and architecture solutions. However, faced with intense market competition and rapidly falling prices for conventional solar modules, the company filed for insolvency in May 2012.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2002
Headquarters
Berlin, Germany
Open positions
None listed
Dealroom signal
0.0/100
Sub-industry
Clean Energy
Sector
Energy, Film Production, Solar Energy, Spinout, Modular, Arts & Culture, Renewable Energy, Quasi tech, DT and LS, science-based
Technology
Hardware, Deep Tech
Business model
Manufacturing
Client focus
b2b
Links
Website

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jan 2011 $25M $99M Intel Capital —
LATE VCOther financing Jul 2008 $132M $529M Demeter Partners · Ventegis Capital AG · Zouk Capital · BankInvest —
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Growth signals

SulfurCell website traffic

Latest recorded traffic for SulfurCell is 0 monthly website visits.

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Investments and acquisitions

Capital deployed

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Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • IBB Ventures
  • Ventegis Capital AG
  • Vattenfall

Series B and later5 investors entered at this stage

Other known investors1 additional known investor

  • Helmholtz-Zentrum Berlin for Materials and Energy
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇩🇪 Germany · Berlin HQ
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Market sentiment

Posts on X, past 7 days

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