OMERS Invests in $1 Billion Series D Round in Redwood Materials
Posted on 08/30/2023
Redwood Materials, Inc. raised more than US$1 billion in Series D shares. The round which was co-led by Goldman Sachs Asset Management, Capricorn’s Technology Impact Fund, and funds and accounts advised by T. Rowe Price Associates, Inc. (T. Rowe Price Growth Stock Fund ). They will use the Series D funding to continue building their capacity, expanding the domestic battery supply chain and allowing their customers to purchase battery materials made in the U.S. for the first time. New investors include: OMERS Ventures, Caterpillar Venture Capital, Microsoft’s Climate Innovation Fund, Deepwater Asset Management, among others.
To date, Redwood has now raised nearly US$ 2 billion of equity capital along with an additional US$ 2 billion loan commitment from the U.S. Department of Energy.
Keywords: Ontario Municipal Employees Retirement System.
