Tech Company Financing Transactions
Longroad Energy Funding Round
Munich Re/ HSB Ventures and New Zealand Superannuation Fund participated in a $500 million funding round for Longroad Energy. The round was announced by the company on 8/1/2022.
Transaction Overview
Company Name
Announced On
8/1/2022
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Undisclosed
Proceeds Purpose
The investment will support Longroad's strategic shift from a primarily "develop to sell" business model to one that is more oriented towards ownership, and will accelerate the expansion of its current 1.5 GW portfolio of owned assets, to 8.5 GW of wind, solar, and storage projects over the next five years.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
330 Congress St. 6th Floor
Boston, MA 02210
USA
Boston, MA 02210
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
We are dedicated to creating lasting value for our customers, host communities, employees, and shareholders by responsibly developing, owning, and operating renewable energy projects. The Longroad Energy team has been in the renewable energy business for over 20 years and we built a great track record even before starting Longroad Energy in 2016.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Gaynor
Chief Financial Officer
Peter Keel
Chief Information Officer
Charles Spiliotis
Chief Operating Officer
Michael Alvarez
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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