Funding round
Redaptive Series C
Redaptive, which works in infrastructure monetization solutions in Denver, raised $200M in a Series C round announced on 20 Dec 2022, led by Canada Pension Plan Investment Board, at a $800M post-money valuation. 4 firms took part, 3 of them already investors. It is Redaptive's second venture round on record; the one before was a Growth in Oct 2020.
$200M
Amount raised
$800M
Post-money valuation
$600M pre-money
4
Investors
1 lead
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Redaptive at $800M after the new money. The $200M bought investors about 25% of the company. It came 26 months after Redaptive's Growth. It is 28% of the $707M Redaptive has raised in the venture rounds on record. Redaptive raised again 5 months later: a Series E round of $250M in May 2023.
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 7 Oct 2020, led by AB CarVal $157M
- Series C this round 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
Canada Pension Plan Investment Board led the round with 3 other firms. Canada Pension Plan Investment Board, Linse Capital and CBRE had backed Redaptive before.
Lead investor
- Canada Pension Plan Investment Board existing investor
Also in the round
- backs 13 venture-backed companies existing investor
- CBRE existing investor
- Honeywell new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Amber Group Investment Consultants & Financial Advisors | 15 Dec 2022 | $300M | $3.00B | Fenbushi Capital |
| Tech Companies | 7 Dec 2022 | $200M | $2.00B | ICONIQ Growth and GGV Capital |
| Mews Tech Companies | 15 Dec 2022 | $185M | $865M | Kinnevik and Goldman Sachs Asset Management |
| Electronical Components Manufacturing | 14 Dec 2022 | $125M | not disclosed | not named |
| Allica Bank Banks & ATMs | 5 Dec 2022 | $123M | not disclosed | Technology Crossover Ventures |
| Auto Parts Store | 15 Dec 2022 | $83M | not disclosed | not named |
| Medical Supply Manufacturers | 15 Dec 2022 | $75M | not disclosed | ARCH Venture Partners |
| Mortgage Brokers | 13 Dec 2022 | $59M | not disclosed | IGM Financial |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Redaptive raise in its Series C round?
Redaptive raised $200M in its Series C round, announced in Dec 2022.
Who led Redaptive's Series C round?
Canada Pension Plan Investment Board led it, with Linse Capital, CBRE and Honeywell.
What was Redaptive's valuation at the Series C round?
$800M post-money ($600M pre-money).
Did Redaptive raise again after this round?
Yes: a Series E round in May 2023 of $250M.