Funding round
STAX Engineering Growth
Reported as "Growth Equity"
STAX Engineering, which works in emissions capture and control technology development in Long Beach, raised $70M in a Growth round announced on 26 Feb 2025, led by Firstime Credit and Deutsche Bank Private Credit & Infrastructure. 2 firms took part. It is STAX Engineering's second venture round on record; the one before was a Growth in Jul 2024.
$70M
Amount raised
of which $60M debt
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
STAX Engineering did not disclose a valuation in this round. It came 7 months after STAX Engineering's Growth. It is 17% of the $410M STAX Engineering has raised in the venture rounds on record. STAX Engineering raised again 1 month later: a Growth round of $150M in Mar 2025.
STAX Engineering's funding rounds
STAX Engineering has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Firstime Credit and Deutsche Bank Private Credit & Infrastructure led the round.
Lead investors
- Firstime Credit new investor
- Deutsche Bank Private Credit & Infrastructure new investor
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
The closest in time, other companies' Growth rounds in Environmental Engineering Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RSK Group Environmental Engineering Services | 23 Sep 2024 | $690M | not disclosed | Searchlight Capital and Ares Management |
| Climeworks Environmental Engineering Services | 2 Jul 2025 | $162M | $1.10B | BigPoint Holding and Partners Group |
| Environmental Engineering Services | 26 Jun 2024 | $21M | not disclosed | not named |
| Environmental Engineering Services | 3 Dec 2025 | $4.4M | not disclosed | Vertis SGR |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did STAX Engineering raise in its Growth round?
STAX Engineering raised $70M in its Growth round, announced in Feb 2025.
Who led STAX Engineering's Growth round?
Firstime Credit and Deutsche Bank Private Credit & Infrastructure led it.
What was STAX Engineering's valuation at the Growth round?
It was not disclosed.
Did STAX Engineering raise again after this round?
Yes: a Growth round in Mar 2025 of $150M.