Funding round
Spiber Growth
Reported as "Growth Equity"
Spiber, which works in protein fiber material development in Tsuruoka, raised $312M in a Growth round announced on 8 Sep 2021, led by Carlyle, at a $1.21B post-money valuation. 7 firms took part. It is Spiber's second venture round on record; the one before was a Growth in Dec 2018.
$312M
Amount raised
$1.21B
Post-money valuation
$898M pre-money
7
Investors
1 lead
26%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Spiber at $1.21B after the new money. The $312M bought investors about 26% of the company. It came 33 months after Spiber's Growth. It is 74% of the $421M Spiber has raised in the venture rounds on record. Spiber raised again 31 months later: a Growth round of $65M in Apr 2024, at $900M post-money.
Investors
Who put money in
Carlyle led the round with 6 other firms.
Lead investor
- Carlyle backs 22 venture-backed companies new investor
Also in the round
- Cool Japan Fund new investor
- Fidelity International new investor
- Baillie Gifford new investor
- Tokyo Century new investor
- Yamagata Bank new investor
- Satake Chemical Equipment Mfg. new investor
Joined the board: Kazuhiro Yamada (Carlyle) and Cool Japan Fund Representative (Cool Japan Fund).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
12 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $133M, and this round was 2.3 times the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 6 Oct 2021 | $80M | not disclosed | CIM Group and Aravaipa Ventures |
| Chemicals | 24 Aug 2021 | $27M | not disclosed | MML Capital Ireland |
| Chemicals | 8 Nov 2021 | $168M | not disclosed | not named |
| Chemicals | 7 Jun 2021 | $30M | not disclosed | not named |
| Chemicals | 17 Feb 2022 | $227M | not disclosed | Hy24 |
| Chemicals | 1 Feb 2022 | $62M | not disclosed | Baker Hughes |
| Chemicals | 6 Apr 2022 | $204M | not disclosed | Repsol |
| Chemicals | 4 Apr 2022 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Spiber raise in its Growth round?
Spiber raised $312M in its Growth round, announced in Sep 2021.
Who led Spiber's Growth round?
Carlyle led it, with Cool Japan Fund, Fidelity International, Baillie Gifford, Tokyo Century and Yamagata Bank and 1 more.
What was Spiber's valuation at the Growth round?
$1.21B post-money ($898M pre-money).
How does it compare with other Growth rounds in Chemicals?
12 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $133M, and this round was 2.3 times the median.
Did Spiber raise again after this round?
Yes: a Growth round in Apr 2024 of $65M at $900M post-money.