Funding round
Invenergy Growth
Reported as "Growth Equity"
Invenergy, which works in energy project development and management in United States, raised $1.00B in a Growth round announced on 28 Jun 2023. It is Invenergy's second venture round on record; the one before was a Growth in Jan 2022.
$1.00B
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Invenergy did not disclose a valuation in this round. It came 17 months after Invenergy's Growth. It is 25% of the $4.00B Invenergy has raised in the venture rounds on record. No later venture round is on record for Invenergy.
Invenergy's funding rounds
Invenergy has 2 venture rounds on record. This one is highlighted.
- Growth 7 Jan 2022, led by Blackstone $3.00B
- Growth this round 28 Jun 2023 $1.00B
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $149M, and this round was 6.7 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 | 22 Jul 2023 | $257M | not disclosed | CVC DIF |
| Renewable energy companies | 19 Jul 2023 | $67M | not disclosed | not named |
| Renewable energy companies | 4 Jul 2023 | $39M | not disclosed | Climate Fund Managers |
| Renewable energy companies | 1 Aug 2023 | $90M | not disclosed | SPX Capital and Lightrock |
| Renewable energy companies | 16 Aug 2023 | $60M | not disclosed | not named |
| Renewable energy companies | 27 Sep 2023 | $115M | not disclosed | not named |
| Renewable energy companies | 29 Sep 2023 | $43M | not disclosed | not named |
| Helion Renewable energy companies | 1 Sep 2023 | $35M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Invenergy raise in its Growth round?
Invenergy raised $1.00B in its Growth round, announced in Jun 2023.
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 $149M, and this round was 6.7 times the median.