Funding round
CleanCapital Growth
Reported as "Growth Equity"
CleanCapital, which works in clean energy investment services in New York, raised $300M in a Growth round announced on 20 Apr 2021, led by Manulife Investment Management. 1 firm took part. It is CleanCapital's second venture round on record; the one before was a Series A in Nov 2017.
$300M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
CleanCapital did not disclose a valuation in this round. It came 41 months after CleanCapital's Series A. It is 99% of the $304M CleanCapital has raised in the venture rounds on record. No later venture round is on record for CleanCapital.
CleanCapital's funding rounds
CleanCapital has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 14 Nov 2017, led by SeedInvest $3.7M
- Growth this round 20 Apr 2021, led by Manulife Investment Management $300M
- Debt not a venture round 17 Dec 2025 $185M
Investors
Who put money in
Manulife Investment Management led the round.
Lead investor
- Manulife Investment Management 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
15 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $120M, and this round was 2.5 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Nautilus Solar Energy Solar Energy Company | 22 Apr 2021 | $110M | not disclosed | not named |
| Solar Energy Company | 30 Jun 2021 | $125M | not disclosed | Norfund |
| Solar Energy Company | 28 Jan 2021 | $250M | not disclosed | not named |
| Solar Energy Company | 18 Dec 2020 | $390M | not disclosed | not named |
| Nexamp Solar Energy Company | 17 Aug 2021 | $240M | not disclosed | Generate Capital |
| Silicon Ranch Solar Energy Company | 15 Dec 2020 | $225M | not disclosed | not named |
| Solar Energy Company | 23 Aug 2021 | $40M | not disclosed | Gridworks Development Partners and New GX Capital |
| Solar Energy Company | 10 Nov 2020 | $177M | not disclosed | Tikehau Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did CleanCapital raise in its Growth round?
CleanCapital raised $300M in its Growth round, announced in Apr 2021.
Who led CleanCapital's Growth round?
Manulife Investment Management led it.
What was CleanCapital's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
15 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $120M, and this round was 2.5 times the median.