Funding round
Caliche Development Partners Growth
Reported as "Growth Equity"
Caliche Development Partners, which works in subsurface hydrocarbon storage asset development in Houston, raised $268M in a Growth round announced on 29 Nov 2022. 2 firms took part.
$268M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Caliche Development Partners did not disclose a valuation in this round. It is Caliche Development Partners' first venture round on record, 47 years after it was founded in 1975. No later venture round is on record for Caliche Development Partners.
Caliche Development Partners' funding rounds
This is the only venture round on record for Caliche Development Partners.
- Debt not a venture round 2 Dec 2020 $150M
- Growth this round 29 Nov 2022 $268M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 8 venture-backed companies new investor
- GCM Grosvenor new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
9 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $250M, and this round was close to the median. The closest in time, other companies' Growth rounds in Oil & Gas - Extraction & Distribution:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Oil & Gas - Extraction & Distribution | 7 Nov 2022 | $150M | not disclosed | not named |
| Koloma Oil & Gas - Extraction & Distribution | 2 Aug 2022 | $56M | $800M | not named |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| Oil & Gas - Extraction & Distribution | 2 May 2022 | $300M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 22 Jun 2023 | $60M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 1 Mar 2022 | $250M | not disclosed | Continental Resources |
| Koloma Oil & Gas - Extraction & Distribution | 23 Jul 2023 | $91M | not disclosed | Breakthrough Energy |
| Oil & Gas - Extraction & Distribution | 18 Jan 2022 | $400M | not disclosed | EnCap Flatrock Midstream |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Caliche Development Partners raise in its Growth round?
Caliche Development Partners raised $268M in its Growth round, announced in Nov 2022.
Which investors took part in Caliche Development Partners' Growth round?
Orion Infrastructure Capital and GCM Grosvenor.
What was Caliche Development Partners' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Oil & Gas - Extraction & Distribution?
9 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $250M, and this round was close to the median.