Funding round
Verkor Growth
Reported as "Growth Equity"
Verkor, which works in lithium-ion battery design and manufacturing in Grenoble, raised $1.40B in a Growth round announced on 24 May 2024. 19 firms took part. It is Verkor's fifth venture round on record; the one before was a Series C in Sep 2023.
$1.40B
Amount raised
1,300,000,000 EUR converted
Not disclosed
Post-money valuation
19
Investors
no lead named
Valuation
What this round says about the price
Verkor did not disclose a valuation in this round; its last disclosed one was $2.10B at the Series C (Sep 2023). It came 8 months after Verkor's Series C. It is 52% of the $2.70B Verkor has raised in the venture rounds on record. No later venture round is on record for Verkor.
Verkor's funding rounds
Verkor has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
19 firms took part; no lead investor was named.
Investors
- European Investment Bank backs 40 venture-backed companies new investor
- BpiFrance new investor
- ING Bank N.V. new investor
- Banco Santander new investor
- ABN AMRO Bank new investor
- Australia and New Zealand Banking Group Limited new investor
- La Banque Postale new investor
- Caisse d’Epargne et de Prévoyance Hauts de France new investor
- Coöperatieve Rabobank new investor
- KfW IPEX-Bank new investor
- Kommunalkredit Austria new investor
- Mizuho Bank new investor
- MUFG Bank new investor
- Natixis new investor
- SMBC Bank International new investor
- Société Générale new investor
- Standard Chartered Bank new investor
- Banque des Territoires new investor
- backs 6 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
16 Growth rounds in Batteries within a year either side disclosed an amount; the median was $63M, and this round was 22 times the median. The closest in time, other companies' Growth rounds in Batteries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 19 May 2024 | $60M | not disclosed | Singularity AMC |
| Batteries | 30 Jun 2024 | $150M | not disclosed | Baker Hughes |
| Batteries | 3 Apr 2024 | $78M | not disclosed | Tata Limited and General Catalyst |
| Batteries | 3 Apr 2024 | $67M | not disclosed | Origin Ventures |
| Batteries | 28 Mar 2024 | $100M | not disclosed | Greenbacker |
| Batteries | 18 Dec 2024 | $44M | not disclosed | GM Ventures and Catalus Capital |
| Batteries | 12 Oct 2023 | $37M | not disclosed | Energy Impact Partners |
| green flexibility Batteries | 16 Jan 2025 | $410M | not disclosed | Partners Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Verkor raise in its Growth round?
Verkor raised $1.40B in its Growth round, announced in May 2024.
Which investors took part in Verkor's Growth round?
European Investment Bank, BpiFrance, ING Bank N.V., Banco Santander, ABN AMRO Bank and Australia and New Zealand Banking Group Limited and 13 more.
What was Verkor's valuation at the Growth round?
It was not disclosed; its last disclosed one was $2.10B at the Series C (Sep 2023).
How does it compare with other Growth rounds in Batteries?
16 Growth rounds in Batteries within a year either side disclosed an amount; the median was $63M, and this round was 22 times the median.