Post-IPO Equity Funded Energy Startups
Across the 31 most recent post-IPO equity rounds in Energy, one disclosed round stands out: Portland General Electric raised $375M on 2022-10-25, which dwa…
Across the 31 most recent post-IPO equity rounds in Energy, one disclosed round stands out: Portland General Electric raised $375M on 2022-10-25, which dwarfs the next-largest disclosed amounts (e.g., $507M appears, but it is tied to Adani Green Energy and Adani Transmission on 2022-04-08; excluding that same-day pair, the remainder clusters well below $200M, with many rounds in the $30M–$150M band such as Suzlon Energy’s $145M on 2022-10-20 and Dragonfly Energy’s $150M on 2022-10-10). The disclosed amounts also show a strong low-end tail: the smallest disclosed amount is $2M for Zinc8 Energy Solutions on 2022-09-09, with multiple other small rounds near $3M–$5M (e.g., Skyharbour Resources $3M on 2022-08-24; Royal Helium $5M on 2022-10-03). Temporally, the newest entries concentrate tightly in October 2022 (from 2022-10-25 back through 2022-10-03), while the oldest rows span back to 2021-08-02 (QuantumScape). Geography is broadly international but with repeated Canada representation in this window (multiple Vancouver, Calgary, and other Canadian listings) alongside single-but-large U.S. and U.K./EU entries such as Array Technologies ($500M on 2021-08-11) and Greencoat Renewables ($311M on 2022-04-01).
Most recent rounds
31 shownRelated listings
Frequently asked
What’s the largest disclosed post-IPO equity round here, and how does it compare to the rest of the disclosed amounts?
The largest disclosed amount is $507M, appearing twice on 2022-04-08: Adani Green Energy and Adani Transmission. Aside from that same-day pair, the next tier is still high but materially smaller, with several rounds between about $200M and $500M (e.g., Southwest Gas Holdings $393M on 2022-03-28; Amprius $200M on 2022-09-15).
How concentrated are these rounds in time—especially near the most recent dates shown?
The list is heavily skewed toward late 2022: the newest round is Portland General Electric on 2022-10-25, and there are multiple entries in October alone (e.g., 2022-10-20 Suzlon Energy $145M; 2022-10-17 Fastned $73M; 2022-10-10 Dragonfly Energy $150M; 2022-10-05 Scandinavian Biogas Fuels International $30M). The earliest date shown is 2021-08-02 (QuantumScape $446M), giving a full span of roughly 14 months across the 31 rows.
Are any cities or countries over-represented in this post-IPO equity set?
Canada shows repeated presence through multiple cities: Vancouver (Royal Helium 2022-10-03 $5M; Lion One Metals 2022-09-20 $9M; Zinc8 Energy Solutions 2022-09-09 $2M; Skyharbour Resources 2022-08-24 $3M; Avanti Helium 2022-02-22 $5M) and Calgary (Cenovus Energy 2022-10-13 $200K; Tamarack Valley Energy 2022-09-12 $125M; Razor Energy 2021-10-22 $2M). Outside Canada, the U.S. appears repeatedly but with fewer shared cities in this slice (e.g., Nevada: Royal Helium is Canadian, while U.S. examples include Dragonfly Energy in Reno, Array Technologies in Albuquerque, and QuantumScape in San Jose).
What amount outliers stand out at the low end, and what are the closest comparisons?
The smallest disclosed amount is $2M for Zinc8 Energy Solutions on 2022-09-09. Nearby low disclosures cluster around $2M–$5M including Razor Energy $2M on 2021-10-22 and Royal Helium $5M on 2022-10-03, while the broad middle includes many six- to seven-figure rounds such as Lomiko Metals $630K (2022-07-21) and SinglePoint $710K (2022-05-11).
Does the dataset show a consistent mix of deal sizes, or is it bifurcated into a high-dollar tier and a low-dollar tier?
It appears bifurcated: a small set of large rounds includes $300M+ deals like Greencoat Renewables $311M (2022-04-01) and Southwest Gas Holdings $393M (2022-03-28), while many other rounds sit much lower, including $30M–$150M examples (e.g., Scandinavian Biogas Fuels International $30M on 2022-10-05; Fastned $73M on 2022-10-17; Tritium $75M on 2022-09-06). The low tail down to $2M–$5M (Zinc8 Energy Solutions $2M on 2022-09-09; Royal Helium $5M on 2022-10-03; Avanti Helium $5M on 2022-02-22) reinforces that separation in disclosed outcomes.
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