Funding round
Dimension Energy Growth
Reported as "Growth Equity"
Dimension Energy, which works in clean energy project development in Atlanta, raised $237M in a Growth round announced on 11 Sep 2023. 2 firms took part. It is Dimension Energy's first venture round on record.
$237M
Amount raised
of which $237M debt
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Dimension Energy did not disclose a valuation in this round. It is Dimension Energy's first venture round on record, 5 years after it was founded in 2018. It is 45% of the $521M Dimension Energy has raised in the venture rounds on record. Dimension Energy raised again 15 months later: a Bridge round of $284M in Dec 2024.
Dimension Energy's funding rounds
Dimension Energy has 2 venture rounds on record and 6 other deals. This one is highlighted.
- Buyout not a venture round 28 Jun 2021, led by Partners Group amount not disclosed
- Growth this round 11 Sep 2023 $237M
- Debt not a venture round 13 Sep 2024 $150M
- Bridge 11 Dec 2024, led by First Citizens Bank $284M
- Debt not a venture round 16 Jun 2025, led by First Citizens Bank $360M
- Debt not a venture round 10 Oct 2025, led by MUFG $412M
- Debt not a venture round 1 Apr 2026 $650M
- Debt not a venture round 17 Aug 2026, led by Nuveen Energy Infrastructure Credit and HPS Investment Partners $857M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- new investor
- backs 14 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
27 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $82M, and this round was 2.9 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 13 Sep 2023 | $350M | not disclosed | not named |
| Solar Energy Company | 12 Sep 2023 | $170M | not disclosed | Orion Infrastructure Capital |
| Solar Energy Company | 25 Sep 2023 | $11M | not disclosed | Yotta Capital Partners |
| Solar Energy Company | 10 Aug 2023 | $82M | not disclosed | SER Capital Partners |
| Enviromena Solar Energy Company | 18 Oct 2023 | $79M | not disclosed | Arjun Infrastructure |
| Solar Energy Company | 10 Oct 2023 | $45M | not disclosed | not named |
| Solar Energy Company | 3 Oct 2023 | $42M | not disclosed | TiLT Capital |
| Solar Energy Company | 31 Aug 2023 | $28M | not disclosed | Verdane |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Dimension Energy raise in its Growth round?
Dimension Energy raised $237M in its Growth round, announced in Sep 2023.
Which investors took part in Dimension Energy's Growth round?
NT Solar and Advantage Capital.
What was Dimension Energy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
27 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $82M, and this round was 2.9 times the median.
Did Dimension Energy raise again after this round?
Yes: a Bridge round in Dec 2024 of $284M.