Funding round
rPlus Energies Growth
Reported as "Growth Equity"
rPlus Energies, which works in renewable energy project development in Salt Lake City, raised $460M in a Growth round announced on 22 Feb 2024. 2 firms took part, 1 of them already investors.
$460M
Amount raised
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
rPlus Energies did not disclose a valuation in this round. It is rPlus Energies' first venture round on record, 6 years after it was founded in 2018. No later venture round is on record for rPlus Energies.
rPlus Energies' funding rounds
This is the only venture round on record for rPlus Energies.
- Growth this round 22 Feb 2024 $460M
- Debt not a venture round 16 Jul 2024 $1.00B
- Debt not a venture round 5 Jun 2025, led by RBC Community Investments $500M
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- backs 3 venture-backed companies new investor
- Gardner Group existing investor
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
7 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $744M, and this round was 62% of the median. The closest in time, other companies' Growth rounds in Wind Energy Equipment & Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Wind Energy Equipment & Services | 8 Dec 2023 | $54M | not disclosed | not named |
| NeXtWind Wind Energy Equipment & Services | 6 Nov 2023 | $750M | not disclosed | Sandbrook Capital |
| Vineyard Wind Wind Energy Equipment & Services | 25 Oct 2023 | $1.20B | not disclosed | not named |
| Swift Current Energy Wind Energy Equipment & Services | 9 Aug 2023 | $779M | not disclosed | not named |
| BNZ Wind Energy Equipment & Services | 23 Oct 2024 | $744M | not disclosed | not named |
| Wind Energy Equipment & Services | 17 May 2023 | $50M | not disclosed | not named |
| Wind Energy Equipment & Services | 11 Apr 2023 | $15M | not disclosed | RWE Energy Transition Investments |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did rPlus Energies raise in its Growth round?
rPlus Energies raised $460M in its Growth round, announced in Feb 2024.
Which investors took part in rPlus Energies' Growth round?
Sandbrook Capital and Gardner Group.
What was rPlus Energies' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Wind Energy Equipment & Services?
7 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $744M, and this round was 62% of the median.