Funding round
Redwood Materials Series E
Redwood Materials, which works in critical materials manufacturing in Carson City, raised $425M in a Series E round announced on 28 Jan 2026, led by GV and Eclipse, at a $6.00B post-money valuation. 6 firms took part, 3 of them already investors. It is Redwood Materials' fourth venture round on record; the one before was a Series D in Aug 2023.
$425M
Amount raised
$6.00B
Post-money valuation
$5.58B pre-money
6
Investors
2 leads
1.1x
Step-up from the Series D
$5.25B in Aug 2023
7.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Redwood Materials at $6.00B after the new money, 1.1 times the $5.25B of its Series D (Aug 2023). The $425M bought investors about 7.1% of the company. It came 29 months after Redwood Materials' Series D. It is 20% of the $2.13B Redwood Materials has raised in the venture rounds on record. No later venture round is on record for Redwood Materials.
Redwood Materials' funding rounds
Redwood Materials has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Seed 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 this round 28 Jan 2026, led by GV and Eclipse $425M$6.00B post-money
Investors
Who put money in
GV and Eclipse led the round with 4 other firms. Capricorn, Goldman Sachs and GV had backed Redwood Materials before.
Lead investors
Also in the round
- Capricorn existing investor
- Goldman Sachs backs 218 venture-backed companies existing investor
- Nvidia new investor
- Goldman Sachs Alternatives
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 2 in Batteries, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 9 Oct 2025 | $60M | not disclosed | Morgan Stanley Investment Management’s 1GT and Morgan Stanley |
| Batteries | 28 Jul 2026 | $50M | not disclosed | not named |
| Tech Companies | 6 Jan 2026 | $20.00B | not disclosed | not named |
| Baseten Software Development Services | 23 Jan 2026 | $300M | $5.00B | Institutional Venture Partners and CapitalG |
| Tech Companies | 20 Jan 2026 | $204M | $4.25B | Technology Crossover Ventures and Blackstone |
| Aerospace and Defence | 20 Jan 2026 | $145M | $1.00B | National Reconstruction Fund Corporation and Hostplus |
| Biotechnology | 8 Jan 2026 | $48M | not disclosed | ARCH Venture Partners and M Ventures |
| Kalshi Financial Services | 2 Dec 2025 | $1.00B | $11.00B | Paradigm |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Redwood Materials raise in its Series E round?
Redwood Materials raised $425M in its Series E round, announced in Jan 2026.
Who led Redwood Materials' Series E round?
GV and Eclipse led it, with Capricorn, Goldman Sachs, Nvidia and Goldman Sachs Alternatives.
What was Redwood Materials' valuation at the Series E round?
$6.00B post-money ($5.58B pre-money).