Funding round
Renew Financial Series D
Renew Financial, which works in sustainable building improvement financing solutions in Oakland, raised $70M in a Series D round announced on 11 Feb 2016. 6 firms took part.
$70M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Renew Financial did not disclose a valuation in this round. It is Renew Financial's first venture round on record, 8 years after it was founded in 2008. No later venture round is on record for Renew Financial.
Renew Financial's funding rounds
This is the only venture round on record for Renew Financial.
- Series D this round 11 Feb 2016 $70M
- Debt not a venture round 30 Jun 2016 $123M
- Debt not a venture round 8 Aug 2017 $300M
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- backs 5 venture-backed companies new investor
- Apollo backs 41 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 6 venture-backed companies new investor
- backs 62 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 2 Mar 2016 | undisclosed | not disclosed | Commerce & Ventures |
| Loans & Financing | 25 Oct 2016 | $20M | not disclosed | Comcast Ventures and Stereo Capital |
| Loans & Financing | 8 Apr 2015 | $165M | $1.90B | NEXT Investors |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Renew Financial raise in its Series D round?
Renew Financial raised $70M in its Series D round, announced in Feb 2016.
Which investors took part in Renew Financial's Series D round?
Angeleno Group, Apollo, Claremont Creek Ventures, LL Funds, NGEN Partners and Prelude Ventures.
What was Renew Financial's valuation at the Series D round?
It was not disclosed.