Funding round
Highview Power Growth
Reported as "Growth Equity"
Highview Power, which works in energy infrastructure development and operation in London, raised $70M in a Growth round announced on 8 Feb 2021. 4 firms took part, 1 of them already investors. It is Highview Power's first venture round on record.
$70M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Highview Power did not disclose a valuation in this round. It is Highview Power's first venture round on record, 16 years after it was founded in 2005. It is 16% of the $450M Highview Power has raised in the venture rounds on record. Highview Power raised again 40 months later: a Growth round of $380M in Jun 2024.
Highview Power's funding rounds
Highview Power has 2 venture rounds on record. This one is highlighted.
- Growth this round 8 Feb 2021 $70M
- Growth 13 Jun 2024, led by UK Infrastructure Bank and Centrica $380M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Sumitomo Heavy Industries (SHI) new investor
- Janus Continental Group (JCG) new investor
- TSK new investor
- original and founding investors existing 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
13 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $100M, and this round was 70% of the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 16 Feb 2021 | $40M | not disclosed | not named |
| NewLink Renewable energy companies | 22 Mar 2021 | $200M | not disclosed | Bain Capital Private Equity and Bain Capital |
| Intersect Renewable energy companies | 26 Jan 2021 | $127M | not disclosed | not named |
| Renewable energy companies | 31 Mar 2021 | $25M | not disclosed | not named |
| Renewable energy companies | 4 Jan 2021 | $25M | not disclosed | not named |
| Renewable energy companies | 30 May 2021 | $73M | not disclosed | Pioneer Point Partners |
| Renewable energy companies | 13 Sep 2021 | $110M | not disclosed | not named |
| Renewable energy companies | 28 Sep 2021 | $100M | not disclosed | Vision Ridge Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Highview Power raise in its Growth round?
Highview Power raised $70M in its Growth round, announced in Feb 2021.
Which investors took part in Highview Power's Growth round?
Sumitomo Heavy Industries (SHI), Janus Continental Group (JCG), TSK and original and founding investors.
What was Highview Power's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
13 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $100M, and this round was 70% of the median.
Did Highview Power raise again after this round?
Yes: a Growth round in Jun 2024 of $380M.