Funding round
Saxum Energy Partners Growth
Reported as "Growth Equity"
Saxum Energy Partners, which works in oil and gas asset acquisition in Dallas, raised $435M in a Growth round announced on 10 Oct 2023.
$435M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Saxum Energy Partners did not disclose a valuation in this round. No later venture round is on record for Saxum Energy Partners.
Saxum Energy Partners' funding rounds
This is the only venture round on record for Saxum Energy Partners.
- Growth this round 10 Oct 2023 $435M
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
7 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $150M, and this round was 2.9 times the median. The closest in time, other companies' Growth rounds in Oil & Gas - Extraction & Distribution:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Koloma Oil & Gas - Extraction & Distribution | 23 Jul 2023 | $91M | not disclosed | Breakthrough Energy |
| Koloma Oil & Gas - Extraction & Distribution | 9 Feb 2024 | $246M | not disclosed | Khosla Ventures |
| Oil & Gas - Extraction & Distribution | 22 Jun 2023 | $60M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 20 Apr 2023 | $300M | not disclosed | Energy Capital Partners |
| Oil & Gas - Extraction & Distribution | 10 Apr 2024 | $40M | not disclosed | not named |
| Caliche Development Partners Oil & Gas - Extraction & Distribution | 29 Nov 2022 | $268M | not disclosed | not named |
| Oil & Gas - Extraction & Distribution | 7 Nov 2022 | $150M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Saxum Energy Partners raise in its Growth round?
Saxum Energy Partners raised $435M in its Growth round, announced in Oct 2023.
What was Saxum Energy Partners' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Oil & Gas - Extraction & Distribution?
7 Growth rounds in Oil & Gas - Extraction & Distribution within a year either side disclosed an amount; the median was $150M, and this round was 2.9 times the median.