Funding round
Silicon Ranch Growth
Reported as "Growth Equity"
Silicon Ranch, which works in renewable energy project development in Nashville, raised $225M in a Growth round announced on 15 Dec 2020. 4 firms took part, 4 of them already investors. It is Silicon Ranch's first venture round on record.
$225M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Silicon Ranch did not disclose a valuation in this round. It is Silicon Ranch's first venture round on record, 9 years after it was founded in 2011. It is 27% of the $825M Silicon Ranch has raised in the venture rounds on record. Silicon Ranch raised again 25 months later: a Growth round of $600M in Jan 2023.
Silicon Ranch's funding rounds
Silicon Ranch has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Acquisition not a venture round 15 Jan 2018, led by Shell $217M
- Growth this round 15 Dec 2020 $225M
- Growth 5 Jan 2023, led by Manulife Investment Management, TD Asset Management Inc. and Mountain Group Partners $600M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- Shell existing investor
- TD Greystone Infrastructure Fund (Global Master) L.P. existing investor
- backs 12 venture-backed companies existing investor
- TD Asset Management Inc. existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
12 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $138M, and this round was 1.6 times the median. The closest in time, other companies' Growth rounds in Solar Energy Company:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Solar Energy Company | 18 Dec 2020 | $390M | not disclosed | not named |
| Solar Energy Company | 28 Jan 2021 | $250M | not disclosed | not named |
| Solar Energy Company | 10 Nov 2020 | $177M | not disclosed | Tikehau Capital |
| Sun King Solar Energy Company | 22 Sep 2020 | $90M | not disclosed | not named |
| CleanCapital Solar Energy Company | 20 Apr 2021 | $300M | not disclosed | Manulife Investment Management |
| Nautilus Solar Energy Solar Energy Company | 22 Apr 2021 | $110M | not disclosed | not named |
| Solar Energy Company | 30 Jun 2021 | $125M | not disclosed | Norfund |
| Nexamp Solar Energy Company | 17 Aug 2021 | $240M | not disclosed | Generate Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Silicon Ranch raise in its Growth round?
Silicon Ranch raised $225M in its Growth round, announced in Dec 2020.
Which investors took part in Silicon Ranch's Growth round?
Shell, TD Greystone Infrastructure Fund (Global Master) L.P., Mountain Group Partners and TD Asset Management Inc..
What was Silicon Ranch's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Solar Energy Company?
12 Growth rounds in Solar Energy Company within a year either side disclosed an amount; the median was $138M, and this round was 1.6 times the median.
Did Silicon Ranch raise again after this round?
Yes: a Growth round in Jan 2023 of $600M.