When was Sunseap founded?

Sunseap was founded in 2011 and raised its 1st funding round 3 years after it was founded.

Where is Sunseap located?

Sunseap is headquartered in Singapore, Singapore. It is registered at 2 BOON LEAT TERRACE #04-03/04 HARBOURSIDE BUILDING 2 SINGAPORE 119844.

Who is the current CEO of Sunseap?

Frank Phuan of Sunseap. They have also founded 1 company and are angel investors in 2 startups.

Which legal entities is Sunseap associated with?

Sunseap is associated with SUNSEAP GROUP PTE. LTD..

How many employees does Sunseap have?

As of Apr 30, 2026, the latest employee count at Sunseap is 216.

Is Sunseap a funded company?

Sunseap is a funded company, having raised a total of $239M across 12 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Feb 11, 2014.

How much is Sunseap worth?

The last known valuation of Sunseap was $***** as of Nov 03, 2021.

When was the latest funding round of Sunseap?

Sunseap's latest funding was a $***** Series E round on Mar 18, 2021, with participation from 1 investor. Its primary sector is Solar Energy. In Singapore, the Solar Energy sector has seen $15M in funding in 2026 to date.

What is the annual revenue of Sunseap?

Annual revenue of Sunseap is 193M SGD as on Dec 31, 2023.

Where does Sunseap rank among its competitors?

Sunseap ranks 1st amongst 5 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was August Energy, which secured $100M in Nov, 2024.

Who are the top competitors of Sunseap?

Sunseap's top competitors include Sembcorp Industries, August Energy and AMPYR. Among them, August Energy secured the most recent funding round in November, 2024.

Sunseap - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Sunseap an acquired company?

Sunseap got acquired by EDP Renewables on Nov 03, 2021.

Company Details

Sunseap is an independent solar power producer and also offers solar rooftop installation services for businesses. The company won the Singapore Sustainability Award in 2013. It is a licensed energy retailer in Singapore.

Website: sunseap.com
Registered Address: 2 BOON LEAT TERRACE #04-03/04 HARBOURSIDE BUILDING 2 SINGAPORE 119844

Key Metrics

Founded Year

2011

Location

Singapore, Singapore

Stage

Acquired

Total Funding

$239M in 12 rounds

Latest Funding Round

Series E, Mar 18, 2021, $*****

Last Known Valuation

$***** as on Nov 03, 2021

Investors

Goldman Sachs & 53 more

Ranked

1^st among 5 active competitors

Annual Revenue

193M SGD as on Dec 31, 2023

Employee Count

216 as on Apr 30, 2026

Investment & Acquisitions

Todae Solar

Similar Companies

NextEra Energy & 356 more

Exit Details

Acquired by EDP Renewables (Nov 03, 2021)

View Sunseap's full profile

Sunseap is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SUNSEAP GROUP PTE. LTD. CIN: 201512402M , Singapore, Active	Dec 31, 2010	$144M (As on Dec 31, 2023)	-

Sunseap got acquired by EDP Renewables on Nov 03, 2021 at an acquisition amount of $*****.

Click here to take a look at Sunseap's acquisition in detail

Sunseap has raised a total funding of $239M over 12 rounds. Its first funding round was on Feb 11, 2014. Its latest funding round was a Series E round on Mar 18, 2021 for $*****. 1 investor participated in its latest round. Sunseap has 30 institutional investors and 24 angel investors.

Here is the list of recent funding rounds of Sunseap:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 18, 2021	6122123	Series E	9284280	6897439	1632570	2833683
Feb 14, 2020	2525489	Series D	7487255	2716432	7461610	3412177
Jan 29, 2020	8443678	Series D	4145806	7608621	Temasek	ABC Impact

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View details of Sunseap's funding rounds and investors

The founders of Sunseap are Frank Phuan and Jiemin Wu. Frank Phuan is the CEO of Sunseap.

Here are the details of Sunseap's key team members:

Frank Phuan: Co-Founder & CEO of Sunseap. They are also an angel investor in 2 startups.
Jiemin Wu: CFO & ex-Co-Founder of Sunseap. They are also an angel investor in 1 startup.

Sunseap's Board of Directors

Sunseap's board has 9 active members. Tan Hock Ming, Wu Jueh Ming Lawrence, Theng Siew Lian Lisa, Yap Min Choy, Somruedee Chaimongkol, Kanokwan Jitchobtham, Banchob Kitchpanich, Phuan Ling Fong and Chua Teck Huat Bill are independent board members.

Here is the list of Sunseap's board of directors:

Name	Type	Representing	Status	Duration
Tan Hock Ming	Independent board member	-	Current	6y 3m
ljwsgfd	Independent board member	-	Current	6y 6m
temowca	Independent board member	-	Current	9y 4m
scpekgm	Independent board member	-	Current	9y 7m
jgbrduo	Independent board member	-	Current	6y 2m
ictymts	Independent board member	-	Current	3y 8m
{rxmqzu	Independent board member	-	Current	8y 7m
zodubcp	Independent board member	-	Current	7y 1m
grwbdiu	Independent board member	-	Current	8y 1m

View details of Sunseap's Founder profiles and Board Members

Sunseap's employee count trend

Sunseap has 216 employees as of Apr 26. Here is Sunseap's employee count trend over the years:

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Top competitors of Sunseap include Sembcorp Industries, August Energy and AMPYR. Here is the list of Top 10 competitors of Sunseap, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Sunseap 2011, Singapore (Singapore), Acquired	Solar rooftop installation	$239M	Helion Venture Partners, Temasek & 52 others	66/100
2nd	Sembcorp Industries 1998, Singapore (Singapore), Public	Large Asset development and management company	-	Temasek, British International Investment ... & 1 others	60/100
3rd	August Energy 2022, Singapore (Singapore), Series D	Developer and owner of energy infrastructure assets, providing decarbonisation solutions	$100M	Aravest, Green Tower	49/100
4th	AMPYR 2018, Singapore (Singapore), Seed	Developer of solar & wind energy projects	$951K	AB CarVal, Biocon	48/100
5th	Eigen Energy 2015, Singapore (Singapore), Unfunded	Provider of system integration based renewable energy production services	-	-	21/100