Elcore Overview

  • Founded
  • 2007
  • Status
  • Acquired/​Merged
  • Employees
  • 100
  • Latest Deal Type
  • M&A

Elcore General Information


Developer of fuel cells created to offer energy-efficient heating systems for single-family homes and duplexes. The company's fuel cell generates electrical energy and heat simultaneously as well as reduces the annual electricity costs, depending on the individual consumption profile, enabling its clients to get a wide range of energy saving system.

Contact Information

Ownership Status
Financing Status
Formerly VC-backed
Primary Industry
Alternative Energy Equipment
Other Industries
Gas Utilities
Freudenberg Group
Primary Office
  • Bayerwaldstrasse 3.
  • 81737 Munich
  • Germany
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Elcore Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
4. Merger/Acquisition 16-Jan-2018 Completed Generating Revenue/Not Profitable
3. Bankruptcy: Admin/Reorg 08-Oct-2017 Completed Bankruptcy: Admin/Reorg
2. Later Stage VC (Series C) 31-Dec-2016 $12.9M Completed Generating Revenue/Not Profitable
1. Early Stage VC 15-Dec-2015 $12.9M $12.9M Completed Startup
To view Elcore’s complete valuation and funding history, request access »

Elcore Executive Team (2)

Name Title Board Seat Contact Info
Manfred Stefener Ph.D Geschäftsführer and Founder
You’re viewing 1 of 2 executive team members. Get the full list »

Elcore Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Elcore Former Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
E.ON Strategic Co-Investments Corporate Venture Capital Minority 000 0000 000000 0
Emerald Technology Ventures Venture Capital Minority 000 0000 000000 0
Kleiner Perkins Venture Capital Minority 000 0000 000000 0
MIT Holdings Family Office Minority 000 0000 000000 0
Munich Venture Partners Venture Capital Minority 000 0000 000000 0
To view Elcore’s complete investors history, request access »