Funding round
Xpansiv Growth
Reported as "Growth Equity"
Xpansiv, which works in energy and environmental commodities trading platform services in New York, raised $100M in a Growth round announced on 23 Sep 2021. 4 firms took part, 1 of them already investors. It is Xpansiv's second venture round on record; the one before was a Series A in Jan 2019.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Xpansiv did not disclose a valuation in this round. It came 32 months after Xpansiv's Series A. It is 91% of the $110M Xpansiv has raised in the venture rounds on record. No later venture round is on record for Xpansiv.
Xpansiv's funding rounds
Xpansiv has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 16 Jan 2019, led by BP Ventures, Avista Development and S&P Global $10M
- Growth this round 23 Sep 2021 $100M
- Debt not a venture round 6 Jul 2022, led by Blackstone $400M$1.40B post-money
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 21 venture-backed companies existing investor
- Commonwealth Bank of Australia new investor
- backs 6 venture-backed companies new investor
- Wilson Asset Management new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
422 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dapper Labs Tech Companies | 22 Sep 2021 | $250M | $7.60B | Coatue |
| Tech Companies | 16 Sep 2021 | $230M | not disclosed | Polychain and Three Arrows Capital |
| Canva Tech Companies | 14 Sep 2021 | $200M | $40.00B | T. Rowe Price |
| Tech Companies | 14 Sep 2021 | $200M | $2.70B | Goldman Sachs Asset Management |
| Tech Companies | 28 Sep 2021 | $130M | not disclosed | Warburg Pincus |
| Saviynt Tech Companies | 20 Sep 2021 | $130M | not disclosed | HPS Investment Partners and PNC Bank |
| Tech Companies | 29 Sep 2021 | $100M | not disclosed | Morningside Group |
| Tech Companies | 27 Sep 2021 | $75M | not disclosed | Summit Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Xpansiv raise in its Growth round?
Xpansiv raised $100M in its Growth round, announced in Sep 2021.
Which investors took part in Xpansiv's Growth round?
Clean Energy Finance Corporation, Commonwealth Bank of Australia, Hartree Partners and Wilson Asset Management.
What was Xpansiv's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
422 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 1.7 times the median.