Funding round
Invenergy Growth
Reported as "Growth Equity"
Invenergy, which works in energy project development and management in United States, raised $3.00B in a Growth round announced on 7 Jan 2022, led by Blackstone. 2 firms took part. It is Invenergy's first venture round on record.
$3.00B
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Invenergy did not disclose a valuation in this round. It is Invenergy's first venture round on record, 21 years after it was founded in 2001. It is 75% of the $4.00B Invenergy has raised in the venture rounds on record. Invenergy raised again 17 months later: a Growth round of $1.00B in Jun 2023.
Invenergy's funding rounds
Invenergy has 2 venture rounds on record. This one is highlighted.
- Growth this round 7 Jan 2022, led by Blackstone $3.00B
- Growth 28 Jun 2023 $1.00B
Investors
Who put money in
Blackstone led the round with 1 other firm.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Also in the round
- La Caisse backs 43 venture-backed companies new 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
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $116M, and this round was 26 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 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 | 10 Nov 2021 | $100M | not disclosed | Irradiant Partners |
| IGNIS Renewable energy companies | 6 Oct 2021 | $723M | not disclosed | not named |
| Renewable energy companies | 13 Sep 2021 | $110M | not disclosed | not named |
| 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 |
| Intersect Renewable energy companies | 28 Jun 2022 | $750M | not disclosed | TPG |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Invenergy raise in its Growth round?
Invenergy raised $3.00B in its Growth round, announced in Jan 2022.
Who led Invenergy's Growth round?
Blackstone led it, with La Caisse.
What was Invenergy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $116M, and this round was 26 times the median.
Did Invenergy raise again after this round?
Yes: a Growth round in Jun 2023 of $1.00B.