# Merlin Solar funding: rounds and investors

> Merlin Solar has raised $31M across 1 round since 2024. Investors include Fifth Wall, Saint-Gobain NOVA and Ayala Corporation. Every round with its source.

Source: https://millionrounds.com/company/merlin-solar (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Merlin Solar*

One round we have observed, with the 3 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech Climate Tech

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Funding summary Updated 7 Nov 2026

**$31M** raised across 1 round since 2024, from 2 sources

- **Latest round:** Series B, $31M Oct 2024
- **Led by:** Fifth Wall
- **Investors:** 3 (1 led)

See who backed them

## The rounds

- **Oct 2024** Series B **$31M** [Fifth Wall](https://millionrounds.com/fund/fifth-wall) Lead [Saint-Gobain NOVA](https://millionrounds.com/fund/saint-gobain-nova) [Ayala Corporation](https://millionrounds.com/fund/ayala) Reported by TechCrunch and 1 other

## Everyone who backed them

[Fifth Wall](https://millionrounds.com/fund/fifth-wall) VC firm **1** round, led 1

[Saint-Gobain NOVA](https://millionrounds.com/fund/saint-gobain-nova) Corporate VC **1** round

[Ayala Corporation](https://millionrounds.com/fund/ayala) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=merlin-solar).

## Quick answers about Merlin Solar

### Who invested in Merlin Solar?

Merlin Solar's investors include Fifth Wall, Saint-Gobain NOVA and Ayala Corporation. Fifth Wall led its latest round.

### How much has Merlin Solar raised?

Merlin Solar has raised $31M across 1 round since 2024.

### When did Merlin Solar last raise?

Merlin Solar's most recent round was a Series B of $31M in Oct 2024, led by Fifth Wall.

### What was Merlin Solar's biggest round?

Its most recent round, $31M in Oct 2024, is also its largest on record.

### Who backed Merlin Solar first?

Merlin Solar's first round on record, in Oct 2024, was backed by Fifth Wall, Saint-Gobain NOVA and Ayala Corporation.

### What stage is Merlin Solar at?

Merlin Solar's latest named round is a Series B, in Oct 2024.

### Where is Merlin Solar based?

Merlin Solar is based in the United States.

### Who led Merlin Solar's rounds?

Fifth Wall led the Series B in 2024.

## Companies like Merlin Solar

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