Funding round
Enviromena Growth
Reported as "Growth Equity"
Enviromena, which works in renewable energy project development in Reading, raised $79M in a Growth round announced on 18 Oct 2023, led by Arjun Infrastructure. 1 firm took part. It is Enviromena's first venture round on record.
$79M
Amount raised
65,000,000 GBP converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Enviromena did not disclose a valuation in this round. It is Enviromena's first venture round on record, 16 years after it was founded in 2007. It is 6.6% of the $1.20B Enviromena has raised in the venture rounds on record. Enviromena raised again 30 months later: a Growth round of $1.12B in Apr 2026.
Enviromena's funding rounds
Enviromena has 2 venture rounds on record and 2 other deals. This one is highlighted.
- Growth this round 18 Oct 2023, led by Arjun Infrastructure $79M
- Debt not a venture round 15 Jan 2024 $255M
- Growth 27 Apr 2026 $1.12B
- Debt not a venture round 10 Jun 2026 $234M
Investors
Who put money in
Arjun Infrastructure led the round.
Lead investor
- new investor
Joined the board: Julian Skinner (Arjun Infrastructure Partners) and Dmitry Sarin (Arjun Infrastructure Partners).
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 $100M, and this round was 79% of the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 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 | 26 Oct 2023 | $25M | not disclosed | not named |
| Solar Energy Company | 13 Sep 2023 | $350M | not disclosed | not named |
| Dimension Energy Solar Energy Company | 11 Sep 2023 | $237M | not disclosed | not named |
| Solar Energy Company | 12 Sep 2023 | $170M | not disclosed | Orion Infrastructure Capital |
| Solar Energy Company | 30 Nov 2023 | $110M | not disclosed | Eiffel Investment Group and Azora Capital |
| Solar Energy Company | 25 Sep 2023 | $11M | not disclosed | Yotta Capital Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Enviromena raise in its Growth round?
Enviromena raised $79M in its Growth round, announced in Oct 2023.
Who led Enviromena's Growth round?
Arjun Infrastructure led it.
What was Enviromena'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 $100M, and this round was 79% of the median.
Did Enviromena raise again after this round?
Yes: a Growth round in Apr 2026 of $1.12B.