Funding round
EcoCeres Growth
Reported as "Growth Equity"
EcoCeres, which works in renewable fuel and chemicals production in Kowloon, raised $400M in a Growth round announced on 12 Jan 2023, led by Bain Capital Private Equity. 1 firm took part. It is EcoCeres' second venture round on record; the one before was a Series A in Jan 2021.
$400M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
EcoCeres did not disclose a valuation in this round. It came 24 months after EcoCeres' Series A. It is 80% of the $500M EcoCeres has raised in the venture rounds on record. No later venture round is on record for EcoCeres.
EcoCeres' funding rounds
EcoCeres has 2 venture rounds on record. This one is highlighted.
- Series A 1 Jan 2021, led by Kerogen Capital $100M
- Growth this round 12 Jan 2023, led by Bain Capital Private Equity $400M
Investors
Who put money in
Bain Capital Private Equity led the round.
Lead investor
- backs 8 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $152M, and this round was 2.6 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| SK Innovation E&S Renewable energy companies | 22 Dec 2022 | $576M | not disclosed | not named |
| Renewable energy companies | 23 Dec 2022 | $74M | not disclosed | not named |
| Renewable energy companies | 6 Feb 2023 | undisclosed | not disclosed | not named |
| TerraPower Renewable energy companies | 3 Nov 2022 | $830M | not disclosed | SK Inc. |
| Renewable energy companies | 1 Nov 2022 | undisclosed | not disclosed | not named |
| Shizen Energy Renewable energy companies | 24 Oct 2022 | $470M | not disclosed | La Caisse |
| Renewable energy companies | 24 Oct 2022 | $200M | not disclosed | Energy Spectrum |
| Renewable energy companies | 27 Sep 2022 | $28M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did EcoCeres raise in its Growth round?
EcoCeres raised $400M in its Growth round, announced in Jan 2023.
Who led EcoCeres' Growth round?
Bain Capital Private Equity led it.
What was EcoCeres' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $152M, and this round was 2.6 times the median.