Funding round
Flywheel Energy Growth
Reported as "Growth Equity"
Flywheel Energy, which works in oil and gas asset acquisition and development in Oklahoma City, raised $700M in a Growth round announced on 1 Aug 2018. 1 firm took part.
$700M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Flywheel Energy did not disclose a valuation in this round. It is Flywheel Energy's first venture round on record, 1 year after it was founded in 2017. No later venture round is on record for Flywheel Energy.
Flywheel Energy's funding rounds
This is the only venture round on record for Flywheel Energy.
- Growth this round 1 Aug 2018 $700M
- Debt not a venture round 4 Dec 2018 $1.43B
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- backs 16 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
5 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $150M, and this round was 4.7 times the median. The closest in time, other companies' Growth rounds in Oil & Gas - Extraction & Distribution:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Scout Energy Partners Oil & Gas - Extraction & Distribution | 16 Aug 2018 | $500M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 23 May 2018 | $150M | not disclosed | Tailwater Capital |
| Oil & Gas - Extraction & Distribution | 28 Mar 2019 | $300M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 7 Aug 2017 | $100M | not disclosed | Post Oak Energy Capital |
| Oil & Gas - Extraction & Distribution | 28 Aug 2017 | $26M | not disclosed | Laurentian Bank Securities Inc. and National Bank Financial Inc. |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Flywheel Energy raise in its Growth round?
Flywheel Energy raised $700M in its Growth round, announced in Aug 2018.
Which investors took part in Flywheel Energy's Growth round?
Kayne Anderson.
What was Flywheel Energy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Oil & Gas - Extraction & Distribution?
5 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $150M, and this round was 4.7 times the median.