Funding round
new cleo Growth
Reported as "Growth Equity"
new cleo, which works in nuclear reactor design and engineering in Paris, raised $315M in a Growth round announced on 20 Jun 2022. 4 firms took part. It is new cleo's second venture round on record; the one before was a Seed in Aug 2021.
$315M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
new cleo did not disclose a valuation in this round. It came 10 months after new cleo's Seed. It is 47% of the $670M new cleo has raised in the venture rounds on record. new cleo raised again 27 months later: a Series A round of $148M in Sep 2024.
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Exor NV new investor
- Azimut Holding SpA new investor
- MACAN new investor
- Banca Patrimoni Sella & C. 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
18 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $225M, and this round was 1.4 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Intersect Renewable energy companies | 28 Jun 2022 | $750M | not disclosed | TPG |
| Renewable energy companies | 9 Aug 2022 | $100M | not disclosed | not named |
| Renewable energy companies | 29 Mar 2022 | $121M | not disclosed | not named |
| Renewable energy companies | 27 Sep 2022 | $28M | not disclosed | not named |
| Shizen Energy Renewable energy companies | 24 Oct 2022 | $470M | not disclosed | La Caisse |
| Renewable energy companies | 24 Oct 2022 | $200M | not disclosed | Energy Spectrum |
| Invenergy Renewable energy companies | 7 Jan 2022 | $3.00B | not disclosed | Blackstone |
| TerraPower Renewable energy companies | 3 Nov 2022 | $830M | not disclosed | SK Inc. |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did new cleo raise in its Growth round?
new cleo raised $315M in its Growth round, announced in Jun 2022.
Which investors took part in new cleo's Growth round?
Exor NV, Azimut Holding SpA, MACAN and Banca Patrimoni Sella & C..
What was new cleo's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
18 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $225M, and this round was 1.4 times the median.
Did new cleo raise again after this round?
Yes: a Series A round in Sep 2024 of $148M.