Leonardo DiCaprio backs Sweden's Elvy in $1.6M round extension
What's the deal? Swedish energy startup ElvyDealroom has a profile for this one. Try Dealroom → has extended its funding round by a total of US$1.93M (roughly $1.6 million), naming Hollywood actor and environmental campaigner Leonardo DiCaprioDealroom has a profile for this one. Try Dealroom → among the new backers. The company declined to disclose DiCaprio's exact stake but said it represents "a large part" of the extended share issue. (translated from Swedish)
What does Elvy do? Founded in 2023, Elvy sells households a 15-year energy subscription at a fixed, individually set price for electricity and heating. It installs and pays for solar panels, a heat pump, and a battery system at the customer's home.
Why now? The round extends a raise from May 2026, when Elvy took in US$8.46M from investors including US firms Daft CapitalDealroom has a profile for this one. Try Dealroom → and Essential CapitalDealroom has a profile for this one. Try Dealroom →. In late 2025, the company also secured US$664.8M in credit to finance a rollout to up to 15,000 households. The valuation was not disclosed.
What's the endgame? Chief executive and co-founder Johan Outinen said Elvy is "growing by around 25% month over month" in subscriptions and completed installations. The company reports 1,800 households signed up, up from more than 1,000 in May, and forecasts 2026 revenue of US$48.4M to US$60.4M — four to five times last year's figure.
Why DiCaprio? The 51-year-old actor, who won an Oscar for "The Revenant" in 2016, has turned his environmental activism into green investments, mostly in the US. He holds stakes in Beyond Meat and Polestar, and has backed funds including Regeneration VCDealroom has a profile for this one. Try Dealroom →. Elvy says the deal is DiCaprio's first direct investment in a wholly Swedish company.
What he said: "Elvy shows that energy efficiency can make a real difference for households while being built into a scalable business," DiCaprio said in a statement.
The signal: A celebrity name draws attention, but the cheque size is modest — this extension sits in the lower third of comparable early-stage rounds. For Elvy, the value may lie less in the capital than in validation of what Outinen calls the company's "global potential."
Read more: breakit.se
