Funding round
IGNIS Growth
Reported as "Growth Equity"
IGNIS, which works in renewable energy project development in Madrid, raised $723M in a Growth round announced on 6 Oct 2021. 1 firm took part.
$723M
Amount raised
625,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
IGNIS did not disclose a valuation in this round. It is IGNIS' first venture round on record, 6 years after it was founded in 2015. No later venture round is on record for IGNIS.
IGNIS' funding rounds
This is the only venture round on record for IGNIS.
- Growth this round 6 Oct 2021 $723M
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
20 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $105M, and this round was 6.9 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 | 13 Sep 2021 | $110M | not disclosed | not named |
| Renewable energy companies | 10 Nov 2021 | $100M | not disclosed | Irradiant Partners |
| Renewable energy companies | 28 Sep 2021 | $100M | not disclosed | Vision Ridge Partners |
| Renewable energy companies | 13 Sep 2021 | $59M | not disclosed | JERA Americas and Temasek |
| Invenergy Renewable energy companies | 7 Jan 2022 | $3.00B | not disclosed | Blackstone |
| Hydrostor Renewable energy companies | 10 Jan 2022 | $250M | not disclosed | Goldman Sachs Asset Management |
| Renewable energy companies | 29 Mar 2022 | $121M | not disclosed | not named |
| Renewable energy companies | 30 May 2021 | $73M | not disclosed | Pioneer Point Partners |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did IGNIS raise in its Growth round?
IGNIS raised $723M in its Growth round, announced in Oct 2021.
Which investors took part in IGNIS' Growth round?
Vortex Energy.
What was IGNIS' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
20 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $105M, and this round was 6.9 times the median.