Funding round
Turntide Growth
Reported as "Growth Equity"
Turntide, which works in electric motor manufacturing in Alpharetta, raised $33M in a Growth round announced on 24 Sep 2020. 6 firms took part. It is Turntide's third venture round on record; the one before was a Series B in Jan 2020.
$33M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Turntide did not disclose a valuation in this round. It came 8 months after Turntide's Series B. It is 19% of the $169M Turntide has raised in the venture rounds on record. Turntide raised again 6 months later: a Growth round of $80M in Mar 2021.
Turntide's funding rounds
Turntide has 4 venture rounds on record and 2 other deals. This one is highlighted.
- Series A 25 Jun 2019 $31M
- Series B 1 Jan 2020, led by BMW i Ventures $25M
- Growth this round 24 Sep 2020 $33M
- Growth 3 Mar 2021, led by Breakthrough Energy $80M
- Debt not a venture round 30 Jun 2021, led by Canada Pension Plan Investment Board, Monashee Investment Management LLC and JLL Spark $225M
- Grant not a venture round 10 Aug 2026 $23M
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- Amazon Climate Pledge Fund new investor
- backs 2 venture-backed companies new investor
- backs 50 venture-backed companies new investor
- JLL Spark new investor
- backs 20 venture-backed companies new investor
- Future Shape new investor
Comparable rounds
How it compares
The closest in time: 1 in Electric Supplies & Power Generation, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| VoltaGrid Electric Supplies & Power Generation | 3 Feb 2021 | $73M | not disclosed | Canada Pension Plan Investment Board |
| Insurance - Agents, Carriers & Brokers | 30 Sep 2020 | $1.50B | $5.00B | Hg |
| Insurance - Agents, Carriers & Brokers | 30 Sep 2020 | $1.50B | $5.00B | not named |
| Ki Insurance Insurance - Agents, Carriers & Brokers | 17 Sep 2020 | $500M | not disclosed | Blackstone |
| Mirakl Tech Companies | 22 Sep 2020 | $300M | $1.50B | Permira |
| Loans & Financing | 2 Sep 2020 | $180M | not disclosed | Centerbridge Partners |
| Health Care Services | 1 Sep 2020 | $175M | not disclosed | not named |
| Tech Companies | 25 Sep 2020 | $100M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Turntide raise in its Growth round?
Turntide raised $33M in its Growth round, announced in Sep 2020.
Which investors took part in Turntide's Growth round?
Amazon Climate Pledge Fund, Meson Capital, BMW i Ventures, JLL Spark, Copec Wind Venture and Future Shape.
What was Turntide's valuation at the Growth round?
It was not disclosed.
Did Turntide raise again after this round?
Yes: a Growth round in Mar 2021 of $80M.