Funding round
Plenitude Growth
Reported as "Growth Equity"
Plenitude, which works in energy supply and distribution in Milan, raised $768M in a Growth round announced on 21 Dec 2023, at a $8.77B post-money valuation. 1 firm took part.
$768M
Amount raised
700,000,000 EUR converted
$8.77B
Post-money valuation
1
Investors
no lead named
8.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Plenitude at $8.77B after the new money. The $768M bought investors about 8.8% of the company. It is Plenitude's first venture round on record, 6 years after it was founded in 2017. No later venture round is on record for Plenitude.
Plenitude's funding rounds
This is the only venture round on record for Plenitude.
- Growth this round 21 Dec 2023 $768M$8.77B post-money
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
21 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $110M, and this round was 7.0 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 7 Dec 2023 | $108M | not disclosed | not named |
| Renewable energy companies | 28 Oct 2023 | $182M | not disclosed | OMV AG |
| Renewable energy companies | 19 Feb 2024 | undisclosed | not disclosed | not named |
| Solör Bioenergi Renewable energy companies | 1 Mar 2024 | $2.12B | not disclosed | not named |
| Renewable energy companies | 27 Sep 2023 | $115M | not disclosed | not named |
| Renewable energy companies | 29 Sep 2023 | $43M | not disclosed | not named |
| Helion Renewable energy companies | 1 Sep 2023 | $35M | not disclosed | not named |
| Renewable energy companies | 11 Mar 2024 | $13M | not disclosed | Credit Mutuel Impact and Pioneer Square Labs |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Plenitude raise in its Growth round?
Plenitude raised $768M in its Growth round, announced in Dec 2023.
Which investors took part in Plenitude's Growth round?
Energy Infrastructure Partners.
What was Plenitude's valuation at the Growth round?
$8.77B post-money.
How does it compare with other Growth rounds in Renewable energy companies?
21 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $110M, and this round was 7.0 times the median.