Turning a corner: Private market posts best month in yearsCore private market metrics suggest positive momentum is brewing and investor sentiment is improving
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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.
Redwood Materials is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Redwood Materials pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Redwood Materials is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
Redwood Materials is located in Carson City, Nevada.
The Chief Executive Officer of Redwood Materials is JB Straubel.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 8/29/2023 | Series D | $1B raised | $XXX.XX | $XXX.XX |
| 7/28/2021 | Series C | $779.42MM raised | $XXX.XX | $XXX.XX |
| 9/18/2020 | Series B | $37.24MM raised | $XXX.XX | $XXX.XX |
| 6/1/2018 | Series A and A-2 | $6MM raised | $XXX.XX | $XXX.XX |
| 4/17/2017 | Series Seed | $2MM raised | $XXX.XX | $XXX.XX |
