Funding round
Mainstream Renewable Power Growth
Reported as "Growth Equity"
Mainstream Renewable Power, which works in renewable energy project development in Norway, raised $637M in a Growth round announced on 1 Apr 2022, led by Mitsui & Co. Ltd. 1 firm took part.
$637M
Amount raised
575,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Mainstream Renewable Power did not disclose a valuation in this round. It is Mainstream Renewable Power's first venture round on record, 14 years after it was founded in 2008. No later venture round is on record for Mainstream Renewable Power.
Mainstream Renewable Power's funding rounds
This is the only venture round on record for Mainstream Renewable Power.
- Debt not a venture round 16 Jan 2019 $103M
- Acquisition not a venture round 11 May 2021, led by Aker Horizons $1.10B$1.10B post-money
- Growth this round 1 Apr 2022, led by Mitsui & Co. Ltd $637M
Investors
Who put money in
Mitsui & Co. Ltd led the round.
Lead investor
- Mitsui & Co. Ltd new investor
Comparable rounds
How it compares
7 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $36M, and this round was 18 times the median. The closest in time, other companies' Growth rounds in Wind Energy Equipment & Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wind Energy Equipment & Services | 20 Jul 2022 | $167M | not disclosed | MEAG |
| Wind Energy Equipment & Services | 8 Dec 2021 | $67M | not disclosed | not named |
| Wind Energy Equipment & Services | 9 Sep 2022 | $36M | not disclosed | not named |
| Wind Energy Equipment & Services | 27 Dec 2022 | $40M | not disclosed | not named |
| Wind Energy Equipment & Services | 17 Aug 2021 | $25M | not disclosed | Canadian Shield Capital and Haatch |
| Wind Energy Equipment & Services | 16 Jan 2023 | $30M | not disclosed | Lightrock and Haniel |
| Wind Energy Equipment & Services | 11 Apr 2023 | $15M | not disclosed | RWE Energy Transition Investments |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Mainstream Renewable Power raise in its Growth round?
Mainstream Renewable Power raised $637M in its Growth round, announced in Apr 2022.
Who led Mainstream Renewable Power's Growth round?
Mitsui & Co. Ltd led it.
What was Mainstream Renewable Power's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Wind Energy Equipment & Services?
7 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $36M, and this round was 18 times the median.