Funding round
Vineyard Wind Growth
Reported as "Growth Equity"
Vineyard Wind, which works in offshore wind energy project development in New Bedford, raised $1.20B in a Growth round announced on 25 Oct 2023. 3 firms took part.
$1.20B
Amount raised
of which $1.20B debt
Not disclosed
Post-money valuation
3
Investors
no lead named
Valuation
What this round says about the price
Vineyard Wind did not disclose a valuation in this round. It is Vineyard Wind's first venture round on record, 14 years after it was founded in 2009. No later venture round is on record for Vineyard Wind.
Vineyard Wind's funding rounds
This is the only venture round on record for Vineyard Wind.
- Growth this round 25 Oct 2023 $1.20B
Investors
Who put money in
3 firms took part; no lead investor was named.
Investors
- J.P. Morgan Chase new investor
- Bank of America new investor
- Wells Fargo 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 $54M, and this round was 22 times the median. The closest in time, other companies' Growth rounds in Wind Energy Equipment & Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| NeXtWind Wind Energy Equipment & Services | 6 Nov 2023 | $750M | not disclosed | Sandbrook Capital |
| Swift Current Energy Wind Energy Equipment & Services | 9 Aug 2023 | $779M | not disclosed | not named |
| Wind Energy Equipment & Services | 8 Dec 2023 | $54M | not disclosed | not named |
| rPlus Energies Wind Energy Equipment & Services | 22 Feb 2024 | $460M | not disclosed | not named |
| Wind Energy Equipment & Services | 17 May 2023 | $50M | not disclosed | not named |
| Wind Energy Equipment & Services | 11 Apr 2023 | $15M | not disclosed | RWE Energy Transition Investments |
| 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 4 sources.
Questions
Frequently asked
How much did Vineyard Wind raise in its Growth round?
Vineyard Wind raised $1.20B in its Growth round, announced in Oct 2023.
Which investors took part in Vineyard Wind's Growth round?
J.P. Morgan Chase, Bank of America and Wells Fargo.
What was Vineyard Wind'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 $54M, and this round was 22 times the median.