Funding round
LD Celulose Growth
Reported as "Growth Equity"
LD Celulose, which works in soluble cellulose manufacturing in Indianópolis, raised $1.10B in a Growth round announced on 3 Jun 2020, led by IDB Invest and IFC. 10 firms took part.
$1.10B
Amount raised
Not disclosed
Post-money valuation
10
Investors
2 leads
Valuation
What this round says about the price
LD Celulose did not disclose a valuation in this round. No later venture round is on record for LD Celulose.
LD Celulose's funding rounds
This is the only venture round on record for LD Celulose.
- Growth this round 3 Jun 2020, led by IDB Invest and IFC $1.10B
Investors
Who put money in
IDB Invest and IFC led the round with 8 other firms.
Lead investors
- backs 11 venture-backed companies new investor
- IFC new investor
Also in the round
- Finnvera new investor
- Banco Santander new investor
- BNP Paribas new investor
- Commerzbank Aktiengesellschaft new investor
- Erste Group Bank AG new investor
- HSBC Bank plc new investor
- KfW IPEX-Bank GmbH new investor
- Raiffeisen Bank International AG new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
6 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $114M, and this round was 9.7 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 1 Jan 2020 | $157M | not disclosed | not named |
| Chemicals | 23 Dec 2019 | $200M | not disclosed | not named |
| Chemicals | 7 Jan 2021 | $157M | not disclosed | Newlight Partners |
| Chemicals | 21 Jan 2021 | $71M | not disclosed | not named |
| Chemicals | 15 Oct 2019 | $38M | not disclosed | not named |
| Chemicals | 7 Jun 2021 | $30M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did LD Celulose raise in its Growth round?
LD Celulose raised $1.10B in its Growth round, announced in Jun 2020.
Who led LD Celulose's Growth round?
IDB Invest and IFC led it, with Finnvera, Banco Santander, BNP Paribas, Commerzbank Aktiengesellschaft and Erste Group Bank AG and 3 more.
What was LD Celulose's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Chemicals?
6 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $114M, and this round was 9.7 times the median.