Funding round
Shizen Energy Growth
Reported as "Growth Equity"
Shizen Energy, which works in renewable energy project development in Fukuoka, raised $470M in a Growth round announced on 24 Oct 2022, led by La Caisse. 1 firm took part.
$470M
Amount raised
70,000,000,000 JPY converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Shizen Energy did not disclose a valuation in this round. It is Shizen Energy's first venture round on record, 11 years after it was founded in 2011. No later venture round is on record for Shizen Energy.
Shizen Energy's funding rounds
This is the only venture round on record for Shizen Energy.
- Growth this round 24 Oct 2022, led by La Caisse $470M
Investors
Who put money in
La Caisse led the round.
Lead investor
- La Caisse backs 43 venture-backed companies new investor
Joined the board: CDPQ.
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $152M, and this round was 3.1 times the median. The closest in time, other companies' Growth rounds in Renewable energy companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Renewable energy companies | 24 Oct 2022 | $200M | not disclosed | Energy Spectrum |
| TerraPower Renewable energy companies | 3 Nov 2022 | $830M | not disclosed | SK Inc. |
| Renewable energy companies | 27 Sep 2022 | $28M | not disclosed | not named |
| Renewable energy companies | 1 Nov 2022 | undisclosed | not disclosed | not named |
| SK Innovation E&S Renewable energy companies | 22 Dec 2022 | $576M | not disclosed | not named |
| Renewable energy companies | 9 Aug 2022 | $100M | not disclosed | not named |
| Renewable energy companies | 23 Dec 2022 | $74M | not disclosed | not named |
| EcoCeres Renewable energy companies | 12 Jan 2023 | $400M | not disclosed | Bain Capital Private Equity |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Shizen Energy raise in its Growth round?
Shizen Energy raised $470M in its Growth round, announced in Oct 2022.
Who led Shizen Energy's Growth round?
La Caisse led it.
What was Shizen Energy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Renewable energy companies?
24 Growth rounds in Renewable energy companies within a year either side disclosed an amount; the median was $152M, and this round was 3.1 times the median.