Funding round
Highview Power Growth
Reported as "Growth Equity"
Highview Power, which works in energy infrastructure development and operation in London, raised $380M in a Growth round announced on 13 Jun 2024, led by UK Infrastructure Bank and Centrica. 6 firms took part. It is Highview Power's second venture round on record; the one before was a Growth in Feb 2021.
$380M
Amount raised
300,000,000 GBP converted
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Highview Power did not disclose a valuation in this round. It came 40 months after Highview Power's Growth. It is 84% of the $450M Highview Power has raised in the venture rounds on record. No later venture round is on record for Highview Power.
Highview Power's funding rounds
Highview Power has 2 venture rounds on record. This one is highlighted.
- Growth 8 Feb 2021 $70M
- Growth this round 13 Jun 2024, led by UK Infrastructure Bank and Centrica $380M
Investors
Who put money in
UK Infrastructure Bank and Centrica led the round with 4 other firms.
Lead investors
- UK Infrastructure Bank new investor
- Centrica new investor
Also in the round
- Rio Tinto new investor
- Goldman Sachs backs 218 venture-backed companies new investor
- KIRKBI new investor
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
28 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $106M, and this round was 3.6 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 10 Jul 2024 | $206M | not disclosed | not named |
| Solör Bioenergi Renewable energy companies | 1 Mar 2024 | $2.12B | not disclosed | not named |
| Renewable energy companies | 30 Sep 2024 | $30M | not disclosed | MOAJ Holding |
| Renewable energy companies | 11 Mar 2024 | $13M | not disclosed | Credit Mutuel Impact and Pioneer Square Labs |
| Renewable energy companies | 3 Oct 2024 | $110M | not disclosed | European Bank for Reconstruction and Development |
| Renewable energy companies | 19 Feb 2024 | undisclosed | not disclosed | not named |
| Renewable energy companies | 20 Nov 2024 | $125M | not disclosed | East X Ventures and Lingotto Investment Management |
| Plenitude Renewable energy companies | 21 Dec 2023 | $768M | $8.77B | not named |
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 $380M in its Growth round, announced in Jun 2024.
Who led Highview Power's Growth round?
UK Infrastructure Bank and Centrica led it, with Rio Tinto, Goldman Sachs, KIRKBI and Mosaic Capital Partners.
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?
28 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $106M, and this round was 3.6 times the median.