Funding round
Redwood Materials Seed
Redwood Materials, which works in critical materials manufacturing in Carson City, raised $2.0M in a Seed round announced on 27 Apr 2017, at a $4.1M post-money valuation. It is Redwood Materials' first venture round on record.
$2.0M
Amount raised
$4.1M
Post-money valuation
49%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Redwood Materials at $4.1M after the new money. The $2.0M bought investors about 49% of the company. It is Redwood Materials' first venture round on record, in the year it was founded (2017). It is under 1% of the $2.13B Redwood Materials has raised in the venture rounds on record. Redwood Materials raised again 51 months later: a Series C round of $700M in Jul 2021, at $3.70B post-money.
Redwood Materials' funding rounds
Redwood Materials has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Seed this round 27 Apr 2017 $2.0M$4.1M post-money
- Series C 28 Jul 2021, led by T. Rowe Price Associates, Inc. $700M$3.70B post-money
- Debt not a venture round 3 Jan 2023 $200M
- Debt not a venture round 9 Feb 2023, led by U.S. Department of Energy $2.00B
- Series D 29 Aug 2023, led by Goldman Sachs Asset Management, Capricorn's Technology Impact Fund and T. Rowe Price Associates, Inc. $1.00B$5.25B post-money
- Series E 28 Jan 2026, led by GV and Eclipse $425M$6.00B post-money
Comparable rounds
How it compares
The closest in time: 2 in Batteries, then Seed rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 16 Mar 2017 | $500K | not disclosed | Fifty Years and Social Impact Capital |
| Batteries | 1 Jun 2017 | undisclosed | not disclosed | not named |
| Groq Electronical Components Manufacturing | 1 Apr 2017 | $10M | not disclosed | Social Capital |
| Clothing Manufacturers | 19 Apr 2017 | $5.0M | not disclosed | not named |
| Tech Companies | 12 Apr 2017 | $4.9M | not disclosed | not named |
| Financial Services | 8 Apr 2017 | $4.0M | not disclosed | not named |
| Industrial Machinery & Supplies | 27 Apr 2017 | $4.0M | not disclosed | not named |
| Tech Companies | 27 Apr 2017 | $4.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Redwood Materials raise in its Seed round?
Redwood Materials raised $2.0M in its Seed round, announced in Apr 2017.
What was Redwood Materials' valuation at the Seed round?
$4.1M post-money.
Did Redwood Materials raise again after this round?
Yes: a Series C round in Jul 2021 of $700M at $3.70B post-money.