Funding round
Sunfire Growth
Reported as "Growth Equity"
Sunfire, which works in hydrogen technology solutions in Dresden, raised $215M in a Growth round announced on 13 May 2022. 3 firms took part. It is Sunfire's third venture round on record; the one before was a Series D in Oct 2021.
$215M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Sunfire did not disclose a valuation in this round. It came 7 months after Sunfire's Series D. It is 36% of the $602M Sunfire has raised in the venture rounds on record. Sunfire raised again 22 months later: a Series E round of $233M in Mar 2024.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- backs 4 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 12 venture-backed companies new investor
Comparable rounds
How it compares
9 Growth rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $31M, and this round was 6.9 times the median. The closest in time, other companies' Growth rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 15 Jun 2022 | $2.7M | not disclosed | not named |
| Industrial Machinery & Supplies | 3 Mar 2022 | $59M | not disclosed | not named |
| Industrial Machinery & Supplies | 8 Feb 2022 | $25M | not disclosed | TDK Ventures |
| Industrial Machinery & Supplies | 13 Sep 2022 | $30M | not disclosed | CITIC Goldstone |
| Industrial Machinery & Supplies | 1 Sep 2022 | undisclosed | not disclosed | not named |
| Industrial Machinery & Supplies | 17 Oct 2022 | $32M | not disclosed | Tiger Global and Bow Capital |
| Industrial Machinery & Supplies | 19 Oct 2022 | $31M | not disclosed | Stonebridge Partners |
| Industrial Machinery & Supplies | 14 Dec 2022 | $5.8M | not disclosed | WindSail Capital Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sunfire raise in its Growth round?
Sunfire raised $215M in its Growth round, announced in May 2022.
Which investors took part in Sunfire's Growth round?
Copenhagen Infrastructure Partners, Blue Earth Capital and Carbon Direct Capital.
What was Sunfire's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Industrial Machinery & Supplies?
9 Growth rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $31M, and this round was 6.9 times the median.
Did Sunfire raise again after this round?
Yes: a Series E round in Mar 2024 of $233M.