Funding round
GoodLeap Growth
Reported as "Growth Equity"
GoodLeap, which works in sustainable home financing solutions in Roseville, raised $800M in a Growth round announced on 27 Jan 2021, led by New Enterprise Associates and WestCap. 4 firms took part. It is GoodLeap's first venture round on record.
$800M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
GoodLeap did not disclose a valuation in this round. It is GoodLeap's first venture round on record, 3 years after it was founded in 2018. It is 50% of the $1.60B GoodLeap has raised in the venture rounds on record. GoodLeap raised again 9 months later: a Growth round of $800M in Oct 2021, at $12.00B post-money.
GoodLeap's funding rounds
GoodLeap has 2 venture rounds on record and 3 other deals. This one is highlighted.
- Growth this round 27 Jan 2021, led by New Enterprise Associates and WestCap $800M
- Growth 13 Oct 2021, led by BDT & MSD Partners $800M$12.00B post-money
- Debt not a venture round 18 Nov 2021 $359M
- Debt not a venture round 7 Sep 2022 $493M
- Debt not a venture round 2 Oct 2026 $389M
Investors
Who put money in
New Enterprise Associates and WestCap led the round with 2 other firms.
Lead investors
- New Enterprise Associates backs 286 venture-backed companies new investor
- WestCap backs 36 venture-backed companies new investor
Also in the round
- Brookfield backs 24 venture-backed companies new investor
- Riverstone Holdings new investor
Joined the board: Scott Sandell (New Enterprise Associates) and Laurence Tosi (WestCap Group).
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
34 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Capchase Loans & Financing | 12 Jan 2021 | $60M | not disclosed | i80 Group |
| Loans & Financing | 12 Jan 2021 | $40M | not disclosed | SoftBank Latin America Fund and Shift Capital |
| Loans & Financing | 10 Feb 2021 | $42M | not disclosed | not named |
| NIIF Infrastructure Loans & Financing | 25 Nov 2020 | $810M | not disclosed | Government of India |
| Loans & Financing | 9 Mar 2021 | $50M | not disclosed | Siemens Next47 and Raptor Group |
| Loans & Financing | 30 Mar 2021 | $30M | not disclosed | Nuveen Global Impact Strategy |
| Loans & Financing | 23 Oct 2020 | $50M | not disclosed | not named |
| Loans & Financing | 19 May 2021 | $250M | $2.00B | Greenspring Associates |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did GoodLeap raise in its Growth round?
GoodLeap raised $800M in its Growth round, announced in Jan 2021.
Who led GoodLeap's Growth round?
New Enterprise Associates and WestCap led it, with Brookfield and Riverstone Holdings.
What was GoodLeap's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
34 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median.
Did GoodLeap raise again after this round?
Yes: a Growth round in Oct 2021 of $800M at $12.00B post-money.