Funding round
Verkor Series B
Verkor, which works in lithium-ion battery design and manufacturing in Grenoble, raised $22M in a Series B round announced on 1 Mar 2022, led by Plastic Omnium. 1 firm took part. It is Verkor's second venture round on record; the one before was a Series A in Jul 2021.
$22M
Amount raised
20,000,000 EUR converted
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Verkor did not disclose a valuation in this round. It came 8 months after Verkor's Series A. It is under 1% of the $2.70B Verkor has raised in the venture rounds on record. Verkor raised again 8 months later: a Growth round of $250M in Nov 2022. Its next priced round, a Series C in Sep 2023, valued it at $2.10B.
Verkor's funding rounds
Verkor has 5 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Plastic Omnium led the round.
Lead investor
- Plastic Omnium new investor
Comparable rounds
How it compares
14 Series B rounds in Batteries within a year either side disclosed an amount; the median was $44M, and this round was 51% of the median. The closest in time, other companies' Series B rounds in Batteries:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 14 Feb 2022 | $47M | not disclosed | HydrogenOne Capital Growth plc |
| Batteries | 9 Feb 2022 | $33M | not disclosed | Energy Impact Partners |
| Batteries | 9 Jun 2022 | undisclosed | not disclosed | Temasek |
| Batteries | 15 Jul 2022 | $59M | not disclosed | H.C. Starck Tungsten Powders |
| Batteries | 27 Oct 2021 | $15M | not disclosed | not named |
| Batteries | 28 Sep 2022 | $100M | not disclosed | Tamarack Global |
| Batteries | 31 Oct 2022 | $24M | not disclosed | Lilium |
| SVOLT Energy Technology Batteries | 28 Jul 2021 | $15.80B | not disclosed | Bank of China Group Investment (BOCGI) |
Questions
Frequently asked
How much did Verkor raise in its Series B round?
Verkor raised $22M in its Series B round, announced in Mar 2022.
Who led Verkor's Series B round?
Plastic Omnium led it.
What was Verkor's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Batteries?
14 Series B rounds in Batteries within a year either side disclosed an amount; the median was $44M, and this round was 51% of the median.
Did Verkor raise again after this round?
Yes: a Growth round in Nov 2022 of $250M.