Matrix Renewables valuation, funding and investors
Matrix Renewables works in renewable energy asset development, based in Madrid, Spain. Founded in 2020, it has about 156 employees.
- Last round
- Growth · $210M · Jun 2026
- Valuation at last round
- $2.14B · implied
- Headcount
- 156 · up
- Grade
- B
- Founded
- 2020
Matrix Renewables valuation today
VCMC values Matrix Renewables at $2.2B today, with a range of $1.4B to $3.6B and a grade of B. The valuation starts from its last funding round, a growth round in Jun 2026.
Valuation by date (84 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | $10.2M | $3.72M – $28.1M | $11.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Feb 2020 | $10.3M | $3.75M – $28.3M | $11.5M (+11%) | before first round | – | unknown | D | 0% |
| 1 Mar 2020 | $10.4M | $3.78M – $28.6M | $11.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Apr 2020 | $10.5M | $3.82M – $28.8M | $11.7M (+11%) | before first round | – | unknown | D | 0% |
| 1 May 2020 | $10.6M | $3.85M – $29.1M | $11.8M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jun 2020 | $10.7M | $3.89M – $29.3M | $11.9M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jul 2020 | $10.8M | $3.92M – $29.6M | $12.0M (+11%) | before first round | – | unknown | D | 0% |
| 1 Aug 2020 | $10.9M | $3.96M – $29.9M | $12.1M (+11%) | before first round | – | unknown | D | 0% |
| 1 Sep 2020 | $11.0M | $3.99M – $30.1M | $12.2M (+11%) | before first round | – | unknown | D | 0% |
| 1 Oct 2020 | $11.1M | $4.03M – $30.4M | $12.3M (+11%) | before first round | – | unknown | D | 0% |
| 1 Nov 2020 | $11.2M | $4.07M – $30.7M | $12.4M (+11%) | before first round | – | unknown | D | 0% |
| 1 Dec 2020 | $11.3M | $4.10M – $31.0M | $12.6M (+11%) | before first round | – | unknown | D | 0% |
| 1 Jan 2021 | $9.10M | $3.31M – $25.0M | $10.1M (+11%) | before first round | 4 | unknown | D | 0% |
| 1 Feb 2021 | $9.18M | $3.34M – $25.2M | $10.2M (+11%) | before first round | 4 | unknown | D | 0% |
| 1 Mar 2021 | $9.26M | $3.37M – $25.4M | $10.3M (+11%) | before first round | 4 | unknown | D | 0% |
| 1 Apr 2021 | $9.34M | $3.40M – $25.7M | $10.4M (+11%) | before first round | 4 | unknown | D | 0% |
| 1 May 2021 | $9.43M | $3.43M – $25.9M | $10.4M (+11%) | before first round | 4 | unknown | D | 0% |
| 1 Jun 2021 | $9.51M | $3.46M – $26.1M | $10.5M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Jul 2021 | $9.60M | $3.49M – $26.4M | $10.6M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Aug 2021 | $9.68M | $3.53M – $26.6M | $10.7M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Sep 2021 | $9.77M | $3.56M – $26.8M | $10.7M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Oct 2021 | $9.86M | $3.59M – $27.1M | $10.8M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Nov 2021 | $9.95M | $3.62M – $27.3M | $10.9M (+10%) | before first round | 4 | unknown | D | 0% |
| 1 Dec 2021 | $10.0M | $3.65M – $27.6M | $11.0M (+9%) | before first round | 4 | unknown | D | 0% |
| 1 Jan 2022 | $10.1M | $3.69M – $27.8M | $11.1M (+9%) | before first round | 4 | unknown | D | 0% |
| 1 Feb 2022 | $10.2M | $3.72M – $28.0M | $11.1M (+9%) | before first round | 4 | unknown | D | 0% |
| 1 Mar 2022 | $10.3M | $3.74M – $28.2M | $11.2M (+9%) | before first round | 4 | unknown | D | 0% |
| 1 Apr 2022 | $21.3M | $9.12M – $42.3M | $23.3M (+9%) | before first round | 47 | growing | C | 0% |
| 1 May 2022 | $21.4M | $9.18M – $42.6M | $23.4M (+9%) | before first round | 47 | growing | C | 0% |
| 1 Jun 2022 | $21.6M | $9.25M – $42.9M | $23.6M (+9%) | before first round | 47 | growing | C | 0% |
| 1 Jul 2022 | $21.8M | $9.32M – $43.2M | $23.8M (+9%) | before first round | 47 | growing | C | 0% |
| 1 Aug 2022 | $15.9M | $5.77M – $43.6M | $17.3M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Sep 2022 | $16.0M | $5.82M – $43.9M | $17.4M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Oct 2022 | $16.1M | $5.86M – $44.2M | $17.6M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Nov 2022 | $16.2M | $5.90M – $44.5M | $17.7M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Dec 2022 | $16.3M | $5.94M – $44.9M | $17.8M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Jan 2023 | $16.5M | $5.99M – $45.2M | $18.0M (+9%) | before first round | 47 | unknown | D | 0% |
| 1 Feb 2023 | $24.1M | $10.3M – $47.9M | $26.3M (+9%) | before first round | 64 | growing | C | 0% |
| 1 Mar 2023 | $24.3M | $10.4M – $48.2M | $26.5M (+9%) | before first round | 64 | growing | C | 0% |
| 1 Apr 2023 | $24.4M | $10.5M – $48.5M | $26.7M (+9%) | before first round | 64 | growing | C | 0% |
| 1 May 2023 | $24.6M | $10.5M – $48.9M | $26.9M (+9%) | before first round | 64 | growing | C | 0% |
| 1 Jun 2023 | $24.8M | $10.6M – $49.3M | $27.1M (+9%) | before first round | 64 | growing | C | 0% |
| 1 Jul 2023 | $25.0M | $10.7M – $49.6M | $27.3M (+9%) | before first round | 64 | growing | C | 0% |
| 1 Aug 2023 | $25.2M | $10.8M – $50.0M | $27.3M (+8%) | before first round | 64 | growing | C | 0% |
| 1 Sep 2023 | $25.4M | $10.9M – $50.4M | $27.3M (+8%) | before first round | 64 | growing | C | 0% |
| 1 Oct 2023 | $18.5M | $6.72M – $50.7M | $19.7M (+7%) | before first round | 64 | unknown | D | 0% |
| 1 Nov 2023 | $27.1M | $11.6M – $53.8M | $28.7M (+6%) | before first round | 88 | growing | C | 0% |
| 1 Dec 2023 | $27.3M | $11.7M – $54.2M | $28.7M (+5%) | before first round | 88 | growing | C | 0% |
| 1 Jan 2024 | $27.5M | $11.8M – $54.6M | $28.7M (+5%) | before first round | 88 | growing | C | 0% |
| 1 Feb 2024 | $27.7M | $11.9M – $55.0M | $28.7M (+4%) | before first round | 88 | growing | C | 0% |
| 1 Mar 2024 | $27.9M | $11.9M – $55.4M | $28.7M (+3%) | before first round | 88 | growing | C | 0% |
| 1 Apr 2024 | $28.6M | $12.3M – $56.9M | $29.3M (+2%) | before first round | 99 | growing | C | 0% |
| 1 May 2024 | $28.9M | $12.4M – $57.3M | $29.3M (+1%) | before first round | 99 | growing | C | 0% |
| 1 Jun 2024 | $29.1M | $12.4M – $57.7M | $29.3M (+1%) | before first round | 99 | growing | C | 0% |
| 1 Jul 2024 | $29.3M | $12.5M – $58.1M | $29.3M (0%) | before first round | 99 | growing | C | 0% |
| 1 Aug 2024 | $25.9M | $8.53M – $58.2M | $25.9M (0%) | before first round | 99 | up | C | 0% |
| 1 Sep 2024 | $30.2M | $12.9M – $60.0M | $30.2M (0%) | before first round | 120 | growing | C | 0% |
| 1 Oct 2024 | $30.2M | $12.9M – $60.0M | $30.2M (0%) | before first round | 120 | growing | C | 0% |
| 1 Nov 2024 | $30.2M | $12.9M – $60.0M | $30.2M (0%) | before first round | 120 | growing | C | 0% |
| 1 Dec 2024 | $30.6M | $13.1M – $60.8M | $30.6M (0%) | before first round | 130 | growing | C | 0% |
| 1 Jan 2025 | $30.6M | $13.1M – $60.8M | $30.6M (0%) | before first round | 130 | growing | C | 0% |
| 1 Feb 2025 | $30.6M | $13.1M – $60.8M | $30.6M (0%) | before first round | 130 | growing | C | 0% |
| 1 Mar 2025 | $30.6M | $13.1M – $60.8M | $30.6M (0%) | before first round | 130 | growing | C | 0% |
| 1 Apr 2025 | $30.6M | $13.1M – $60.8M | $30.6M (0%) | before first round | 130 | growing | C | 0% |
| 1 May 2025 | $27.2M | $8.95M – $61.0M | $27.2M (0%) | before first round | 133 | up | C | 0% |
| 1 Jun 2025 | $27.2M | $8.95M – $61.0M | $27.2M (0%) | before first round | 133 | up | C | 0% |
| 1 Jul 2025 | $27.2M | $8.95M – $61.0M | $27.2M (0%) | before first round | 133 | up | C | 0% |
| 1 Aug 2025 | $30.8M | $13.2M – $61.2M | $30.9M (0%) | before first round | 136 | growing | C | 0% |
| 1 Sep 2025 | $30.9M | $13.2M – $61.4M | $31.1M (0%) | before first round | 139 | growing | C | 0% |
| 1 Oct 2025 | $27.4M | $9.01M – $61.4M | $27.6M (+1%) | before first round | 139 | up | C | 0% |
| 1 Nov 2025 | $22.1M | $8.05M – $60.8M | $22.3M (+1%) | before first round | 130 | flat | D | 0% |
| 1 Dec 2025 | $27.6M | $9.08M – $61.9M | $28.0M (+2%) | before first round | 146 | up | C | 0% |
| 1 Jan 2026 | $27.6M | $9.08M – $61.9M | $28.1M (+2%) | before first round | 146 | up | C | 0% |
| 1 Feb 2026 | $27.6M | $9.08M – $61.9M | $28.2M (+2%) | before first round | 146 | up | C | 0% |
| 1 Mar 2026 | $27.6M | $9.08M – $61.9M | $28.3M (+2%) | before first round | 146 | up | C | 0% |
| 1 Apr 2026 | $27.6M | $9.08M – $61.9M | $28.4M (+3%) | before first round | 146 | up | C | 0% |
| 1 May 2026 | $27.6M | $9.08M – $61.9M | $28.5M (+3%) | before first round | 146 | up | C | 0% |
| 1 Jun 2026 | $27.8M | $9.16M – $62.4M | $29.0M (+4%) | before first round | 154 | up | C | 0% |
| 24 Jun 2026 | $2.1B | $1.4B – $3.6B | $2.4B (+10%) | after a round | 154 | up | B | 0% |
| 1 Jul 2026 | $2.1B | $1.4B – $3.6B | $2.4B (+10%) | after a round | 154 | up | B | 0% |
| 1 Aug 2026 | $2.2B | $1.4B – $3.6B | $2.4B (+9%) | after a round | 153 | up | B | 0% |
| 1 Sep 2026 | $2.2B | $1.4B – $3.6B | $2.4B (+8%) | after a round | 153 | up | B | 0% |
| 1 Oct 2026 | $2.2B | $1.4B – $3.6B | $2.4B (+7%) | after a round | 156 | up | B | 0% |
| 24 Oct 2026 | $2.2B | $1.4B – $3.6B | $2.4B (+7%) | after a round | 156 | up | B | 0% |
Key facts about Matrix Renewables
- Founded
- 2020
- Headquarters
- Madrid, Spain
- Employees
- about 156 +12% in a year
- Total raised
- $1.00B
- Funding rounds
- 3
- Last round
- Growth Equity Jun 2026
Matrix Renewables was founded in 2020 by Caro Chapatte.
Matrix Renewables funding history
Matrix Renewables has 3 funding rounds on record, from May 2024 to Jun 2026, $1.00B in total. None disclosed a valuation.
Growth Equity 23 Jun 2026
Led by DESRI.
Sources: matrixrenewables.com, renews.biz, renewableenergymagazine.com and 2 more
$210M
Debt 23 Jun 2026no round page
With MUFG, HSBC, Nomura, Santander.
Sources: matrixrenewables.com, inspiratia.com, renewableenergymagazine.com
$470M
Debt 8 May 2024no round page
With Santander Corporate & Investment Banking.
Sources: prnewswire.com, matrixrenewables.com, mercomindia.com
$323M
Matrix Renewables investors
6 investors have backed Matrix Renewables; DESRI led at least one round.
- DESRI lead
- HSBC
- MUFG
- Nomura
- Santander
What Matrix Renewables does
Matrix Renewables works in renewable energy companies, with 13 recorded offerings and customers in renewable energy, technology and industrial.
Matrix Renewables (Spain) Holdings S.L. is a Spanish company engaged in the development, construction, financing, and operation of renewable energy assets. The company operates in multiple markets, including Spain, the United States, the United Kingdom, Italy, Chile, and Germany, and serves corporations, utilities, and financial institutions. Its activities include the development of solar PV, battery energy storage systems, green hydrogen, and wind projects, as well as the provision of physical and financial Power Purchase Agreements. Matrix Renewables also offers project financing solutions, including sustainable and green loans, and manages supply chain operations through partnerships with tier-one equipment suppliers. The company is certified for sustainability and ESG management.
Description from Veridion's company data.
Products and services
- Renewable Energy Asset Development
- Renewable Energy Project Construction
- Renewable Energy Project Financing
- Power Purchase Agreement Structuring
- Sustainable Corporate Loan Structuring
- Green Loan Structuring
- Solar PV Project Development
- Wind Project Development
- Battery Energy Storage System Development
- Green Hydrogen Project Development
- Renewable Energy Asset Operation and Management
- ESG Management and Risk Mitigation
- Strategic Renewable Energy Partnership Development
Markets
- Renewable Energy
- Technology
- Industrial
Business model
- Business-to-Business
- Enterprise
Industry codes (NAICS)
- 221114 Solar Electric Power Generation 35% match
- 221115 Wind Electric Power Generation 25% match
- 221118 Other Electric Power Generation 20% match
- 523999 Miscellaneous Financial Investment Activities 20% match
Questions about Matrix Renewables
What is Matrix Renewables worth?
Valuation $2.2B (range $1.4B to $3.6B), as of 24 Oct 2026.
Has Matrix Renewables raised money?
Matrix Renewables has 3 funding rounds on record, from May 2024 to Jun 2026, $1.00B in total. None disclosed a valuation.
Who has invested in Matrix Renewables?
DESRI, HSBC, MUFG, Nomura, Santander and Santander Corporate & Investment Banking. Lead investors include DESRI.
How many people work at Matrix Renewables?
About 156, up 12% over the last year. Headcount grew from 4 in Jan 2021 to 156 in Sep 2026.
What does Matrix Renewables do?
Matrix Renewables works in renewable energy companies, with 13 recorded offerings and customers in renewable energy, technology and industrial. Its main offerings are renewable energy asset development, renewable energy project construction and renewable energy project financing.
When was Matrix Renewables founded, and where is it based?
Matrix Renewables was founded in 2020 and is based in Madrid, Spain. It has about 156 employees, up 12% over the last year.