Funding round
Redaptive Growth
Reported as "Growth Equity"
Redaptive, which works in infrastructure monetization solutions in Denver, raised $157M in a Growth round announced on 7 Oct 2020, led by AB CarVal. 5 firms took part. It is Redaptive's first venture round on record.
$157M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Redaptive did not disclose a valuation in this round. It is Redaptive's first venture round on record, 5 years after it was founded in 2015. It is 22% of the $707M Redaptive has raised in the venture rounds on record. Redaptive raised again 26 months later: a Series C round of $200M in Dec 2022, at $800M post-money.
Redaptive's funding rounds
Redaptive has 4 venture rounds on record and 5 other deals. This one is highlighted.
- Other not a venture round 16 Apr 2018, led by CBRE $20M$158M post-money
- Growth this round 7 Oct 2020, led by AB CarVal $157M
- Series C 20 Dec 2022, led by Canada Pension Plan Investment Board $200M$800M post-money
- Series E 3 May 2023 $250M
- Debt not a venture round 28 Aug 2023, led by Deutsche Bank’s US Private Credit & Infrastructure $125M
- Growth 22 Oct 2024, led by Canada Pension Plan Investment Board $100M
- Debt not a venture round 8 May 2025 $650M
- Debt not a venture round 17 Dec 2025, led by Deutsche Bank Securities $216M
- Debt not a venture round 6 Aug 2026, led by ATLAS SP Partners $137M
Investors
Who put money in
AB CarVal led the round with 4 other firms.
Lead investor
- backs 4 venture-backed companies new investor
Also in the round
- CBRE new investor
- backs 18 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 13 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Other Engineering Services, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Other Engineering Services | 26 Jul 2021 | undisclosed | not disclosed | not named |
| Building Material Manufacturers | 19 Oct 2020 | $4.00B | not disclosed | Clayton Dubilier & Rice |
| Cerevel Pharmaceutical Products | 27 Oct 2020 | $440M | not disclosed | Perceptive Advisors |
| Gopuff Groceries | 8 Oct 2020 | $380M | $3.90B | Accel and D1 Capital Partners |
| Yesway & Allsup’s Rewards Gas Stations | 28 Oct 2020 | $235M | not disclosed | not named |
| Tech Companies | 13 Oct 2020 | $215M | not disclosed | not named |
| Real Estate Investment | 1 Oct 2020 | $196M | not disclosed | not named |
| Alarms, Surveillance & Security Systems | 16 Oct 2020 | $147M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Redaptive raise in its Growth round?
Redaptive raised $157M in its Growth round, announced in Oct 2020.
Who led Redaptive's Growth round?
AB CarVal led it, with CBRE, ENGIE New Ventures, Evergy Ventures and Linse Capital.
What was Redaptive's valuation at the Growth round?
It was not disclosed.
Did Redaptive raise again after this round?
Yes: a Series C round in Dec 2022 of $200M at $800M post-money.