Funding round
EnergyX Growth
Reported as "Growth Equity"
EnergyX, which works in lithium extraction technology development in Austin, raised $450M in a Growth round announced on 1 Jul 2022. 1 firm took part. It is EnergyX's second venture round on record; the one before was a Series A in May 2021.
$450M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
EnergyX did not disclose a valuation in this round. It came 14 months after EnergyX's Series A. It is 55% of the $820M EnergyX has raised in the venture rounds on record. EnergyX raised again 9 months later: a Series B round of $50M in Apr 2023.
EnergyX's funding rounds
EnergyX has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 5 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $80M, and this round was 5.6 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ACES Delta Chemicals | 13 Jun 2022 | $650M | not disclosed | not named |
| Chemicals | 12 Aug 2022 | $109M | not disclosed | not named |
| Chemicals | 6 Apr 2022 | $204M | not disclosed | Repsol |
| Chemicals | 4 Apr 2022 | undisclosed | not disclosed | not named |
| Chemicals | 8 Nov 2022 | $117M | not disclosed | Mercuria |
| Chemicals | 3 Nov 2022 | $38M | not disclosed | MVolution Partners |
| Chemicals | 17 Feb 2022 | $227M | not disclosed | Hy24 |
| Chemicals | 9 Dec 2022 | $105M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did EnergyX raise in its Growth round?
EnergyX raised $450M in its Growth round, announced in Jul 2022.
Which investors took part in EnergyX's Growth round?
Global Emerging Markets.
What was EnergyX's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Chemicals?
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $80M, and this round was 5.6 times the median.
Did EnergyX raise again after this round?
Yes: a Series B round in Apr 2023 of $50M.