Funding round
Wales & West Utilities Growth
Reported as "Growth Equity"
Wales & West Utilities, which works in gas distribution network operation in Newport, raised $924M in a Growth round announced on 27 Sep 2023.
$924M
Amount raised
759,000,000 GBP converted
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Wales & West Utilities did not disclose a valuation in this round. It is Wales & West Utilities' first venture round on record, 18 years after it was founded in 2005. No later venture round is on record for Wales & West Utilities.
Wales & West Utilities' funding rounds
This is the only venture round on record for Wales & West Utilities.
- Growth this round 27 Sep 2023 $924M
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Stegra Scrap Metals | 7 Sep 2023 | $1.60B | not disclosed | not named |
| Stack Tech Companies | 7 Sep 2023 | $1.00B | not disclosed | SoftBank Group |
| Wayflyer Loans & Financing | 5 Sep 2023 | $1.00B | not disclosed | Neuberger Berman |
| Groceries Delivery | 8 Sep 2023 | $500M | $2.50B | Mubadala |
| BioFirst Group Chemicals | 30 Sep 2023 | $423M | not disclosed | not named |
| Resorts | 8 Sep 2023 | $360M | $3.00B | not named |
| Butternut Box Food Production | 4 Sep 2023 | $354M | not disclosed | General Atlantic |
| Solar Energy Company | 13 Sep 2023 | $350M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Wales & West Utilities raise in its Growth round?
Wales & West Utilities raised $924M in its Growth round, announced in Sep 2023.
What was Wales & West Utilities' valuation at the Growth round?
It was not disclosed.