Redwood Materials was founded in 2017 by J.B. Straubel. In September 2023, Yahoo Finance reported that Redwood Materials raised $1 billion in a recent Series D round, stating that “The company announced that the capital will be strategically used for enhancing capacity, developing a robust domestic battery supply chain and enabling the sale of battery materials produced in the United States for the first time.” Despite this funding, the company has not publicly endorsed a plan to participate in an IPO.
Redwood Materials is a battery cell recycling production company that helps clients effectively reuse and process raw materials into the battery supply chain for electric vehicles and energy products. Per Forge data, Redwood Materials has raised a total of $3.8 billion over 8 rounds. Their latest funding was raised on Sep 5, 2023, from a Series D round. Key investors include Goldman Sachs Asset Management, the US Department of Energy, Climate Pledge Fund, Capricorn Investment Group, and T. Rowe Price.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/29/2023 | Series D | $1B | $xx.xx | $5.25B | Capricorn'S Technology Impact Fund, Deepwater Asset Management, Goldman Sachs, Microsoft Climate Innovation Fund, Omers, T. Row Price Associates | |
Price per Share
$xx.xx
Shares Outstanding
20,948,612
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Capricorn'S Technology Impact Fund, Deepwater Asset Management, Goldman Sachs, Microsoft Climate Innovation Fund, Omers, T. Row Price Associates
|
||||||
07/28/2021 | Series C | $779.42MM | $xx.xx | $3.7B | Amazon, Baillie Gifford, Breakthrough Energy Ventures, Capricorn'S Technology Impact Fund, Cppib, Emerson Collective, Fidelity, Franklin Templeton, Goldman Sachs, T. Rowe Price, Valor Equity Partners | |
Price per Share
$xx.xx
Shares Outstanding
16,442,199
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon, Baillie Gifford, Breakthrough Energy Ventures, Capricorn'S Technology Impact Fund, Cppib, Emerson Collective, Fidelity, Franklin Templeton, Goldman Sachs, T. Rowe Price, Valor Equity Partners
|
||||||
09/18/2020 | Series B | $37.24MM | $xx.xx | $217.84MM | Amazon, Breakthrough Energy Ventures, Capricorn Investment Group, Emerson Collective, Franklin Templeton, Valor Equity Partners | |
Price per Share
$xx.xx
Shares Outstanding
11,439,410
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amazon, Breakthrough Energy Ventures, Capricorn Investment Group, Emerson Collective, Franklin Templeton, Valor Equity Partners
|
||||||
06/01/2018 | Series A | $2MM | $xx.xx | $18.26MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
11,777,870
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
06/01/2018 | Series A-2 | $4MM | $xx.xx | $18.26MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
10,992,635
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
||||||
04/17/2017 | Series Seed | $2MM | $xx.xx | $4.78MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
13,999,720
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|
Last Funding Round | ||||||||
---|---|---|---|---|---|---|---|---|
Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
Cerebras | $40.08 | +9.9% | $xx.xx | Series F-1 | $2.84B | $xx.xx | $85MM | |
CoreWeave | $1,149.84 | +18.78% | $xx.xx | Series C | $19B | $xx.xx | $1.15B | |
Chime | $24.86 | -0.04% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B | |
Klarna | $370.00 | -1.33% | $xx.xx | Unknown | $6.7B | $xx.xx | -- | |
Turo | $12.96 | -4.07% | $xx.xx | Series E | $1.24B | $xx.xx | $240.52MM | |
Circle | $24.71 | +2.49% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM | |
Netskope | $11.07 | +2.98% | $xx.xx | Series H | $7.5B | $xx.xx | $300MM | |
Liquid Death | $9.47 | -0.11% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM | |
Cohesity | $15.66 | -18.31% | $xx.xx | Series H-1 | $4.69B | $xx.xx | $27.5MM | |
MNTN | -- | -- | $xx.xx | Series D | $2.21B | $xx.xx | $119MM |
Updated on: Jan 20, 2025
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