Funding round
Swift Current Energy Growth
Reported as "Growth Equity"
Swift Current Energy, which works in clean energy project development in Boston, raised $779M in a Growth round announced on 9 Aug 2023. 3 firms took part. It is Swift Current Energy's first venture round on record.
$779M
Amount raised
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Swift Current Energy did not disclose a valuation in this round. It is Swift Current Energy's first venture round on record, 7 years after it was founded in 2016. It is 61% of the $1.27B Swift Current Energy has raised in the venture rounds on record. Swift Current Energy raised again 25 months later: a Growth round of $242M in Sep 2025.
Swift Current Energy's funding rounds
Swift Current Energy has 3 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- Mitsubishi UFJ Financial Group (MUFG) new investor
- Societe Generale new investor
- Truist new investor
Comparable rounds
How it compares
9 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $50M, and this round was 16 times the median. The closest in time, other companies' Growth rounds in Wind Energy Equipment & Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Vineyard Wind Wind Energy Equipment & Services | 25 Oct 2023 | $1.20B | not disclosed | not named |
| NeXtWind Wind Energy Equipment & Services | 6 Nov 2023 | $750M | not disclosed | Sandbrook Capital |
| Wind Energy Equipment & Services | 17 May 2023 | $50M | not disclosed | not named |
| Wind Energy Equipment & Services | 8 Dec 2023 | $54M | not disclosed | not named |
| Wind Energy Equipment & Services | 11 Apr 2023 | $15M | not disclosed | RWE Energy Transition Investments |
| rPlus Energies Wind Energy Equipment & Services | 22 Feb 2024 | $460M | not disclosed | not named |
| Wind Energy Equipment & Services | 16 Jan 2023 | $30M | not disclosed | Lightrock and Haniel |
| Wind Energy Equipment & Services | 27 Dec 2022 | $40M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Swift Current Energy raise in its Growth round?
Swift Current Energy raised $779M in its Growth round, announced in Aug 2023.
Which investors took part in Swift Current Energy's Growth round?
Mitsubishi UFJ Financial Group (MUFG), Societe Generale and Truist.
What was Swift Current Energy's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Wind Energy Equipment & Services?
9 Growth rounds in Wind Energy Equipment & Services within a year either side disclosed an amount; the median was $50M, and this round was 16 times the median.
Did Swift Current Energy raise again after this round?
Yes: a Growth round in Sep 2025 of $242M.