Funding round
Infinium Series C
Infinium, which works in synthetic efuels manufacturing in Sacramento, raised $1.10B in a Series C round announced on 10 Sep 2024, led by Brookfield. 1 firm took part, 1 of them already investors. It is Infinium's second venture round on record; the one before was a Series A in Jan 2021.
$1.10B
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Infinium did not disclose a valuation in this round. It came 44 months after Infinium's Series A. It is 94% of the $1.17B Infinium has raised in the venture rounds on record. No later venture round is on record for Infinium.
Infinium's funding rounds
Infinium has 2 venture rounds on record. This one is highlighted.
- Series A 1 Jan 2021 $69M
- Series C this round 10 Sep 2024, led by Brookfield $1.10B
Investors
Who put money in
Brookfield led the round. Brookfield had backed Infinium before.
Lead investor
- Brookfield backs 24 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
10 Series C rounds in Chemicals within a year either side disclosed an amount; the median was $44M, and this round was 25 times the median. The closest in time, other companies' Series C rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 25 Sep 2024 | $53M | not disclosed | OPG Pension Plan |
| Chemicals | 21 Nov 2024 | $47M | not disclosed | Uniper and HYCAP Group |
| Chemicals | 7 Nov 2024 | $6.0M | not disclosed | Pangaea Ventures and Cottonwood Technology Fund |
| Chemicals | 19 Jun 2024 | $28M | not disclosed | Woven Capital |
| Chemicals | 5 Apr 2024 | $152M | not disclosed | not named |
| Twelve Chemicals | 11 Mar 2025 | $85M | not disclosed | not named |
| Lilac Chemicals | 12 Feb 2024 | $145M | not disclosed | Mercuria and Lowercarbon Capital |
| Chemicals | 21 Feb 2024 | $35M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Infinium raise in its Series C round?
Infinium raised $1.10B in its Series C round, announced in Sep 2024.
Who led Infinium's Series C round?
Brookfield led it.
What was Infinium's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Chemicals?
10 Series C rounds in Chemicals within a year either side disclosed an amount; the median was $44M, and this round was 25 times the median.