Funding round
NeXtWind Growth
Reported as "Growth Equity"
NeXtWind, which works in renewable energy asset repowering and upgrading in Berlin, raised $750M in a Growth round announced on 6 Nov 2023, led by Sandbrook Capital. 3 firms took part.
$750M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
NeXtWind did not disclose a valuation in this round. It is NeXtWind's first venture round on record, 3 years after it was founded in 2020. No later venture round is on record for NeXtWind.
NeXtWind's funding rounds
This is the only venture round on record for NeXtWind.
- Growth this round 6 Nov 2023, led by Sandbrook Capital $750M
- Debt not a venture round 1 Jul 2025 $1.65B
Investors
Who put money in
Sandbrook Capital led the round with 2 other firms.
Lead investor
- backs 3 venture-backed companies new investor
Also in the round
- backs 12 venture-backed companies new investor
- Imco new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
9 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $54M, and this round was 14 times the median. The closest in time, other companies' Growth rounds in Wind Energy Equipment & Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Vineyard Wind Wind Energy Equipment & Services | 25 Oct 2023 | $1.20B | not disclosed | not named |
| Wind Energy Equipment & Services | 8 Dec 2023 | $54M | not disclosed | not named |
| Swift Current Energy Wind Energy Equipment & Services | 9 Aug 2023 | $779M | not disclosed | not named |
| rPlus Energies Wind Energy Equipment & Services | 22 Feb 2024 | $460M | not disclosed | not named |
| Wind Energy Equipment & Services | 17 May 2023 | $50M | not disclosed | not named |
| Wind Energy Equipment & Services | 11 Apr 2023 | $15M | not disclosed | RWE Energy Transition Investments |
| Wind Energy Equipment & Services | 16 Jan 2023 | $30M | not disclosed | Lightrock and Haniel |
| BNZ Wind Energy Equipment & Services | 23 Oct 2024 | $744M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did NeXtWind raise in its Growth round?
NeXtWind raised $750M in its Growth round, announced in Nov 2023.
Who led NeXtWind's Growth round?
Sandbrook Capital led it, with PSP Investments and Imco.
What was NeXtWind's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Wind Energy Equipment & Services?
9 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $54M, and this round was 14 times the median.