Redwood Materials
Carson City, US · Founded 2017 · Delaware corporation · 768 employees on LinkedIn · 24 known investors
Redwood Materials deploys large-scale energy storage systems for data centers and grid power while recycling batteries to recover critical minerals like lithium, nickel, cobalt, and copper as a domestic source of these materials.
Founders & leadership
Redwood Materials was founded in 2017 by JB Straubel.
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JB Straubelin𝕏founder, CEOFounder and CEO of Redwood Materials, which builds large-scale energy storage systems for data centers and the grid and recycles batteries to recover critical minerals such as lithium, nickel, cobalt, and copper. He works on sustainability and environmental problems through engineering and technology.
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Kevin KassekertExecutive
JT
Jason ThompsonExecutive
Board
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Investors · 24
Breakthrough Energy VenturesBoston · $500K – $50Mvia David Danielson · board
Coatue ManagementNew York · $1M – $20M
Collaborative FundNew York · $500K – $1M
Congruent VenturesSan Francisco · $100K – $5M
Eclipse VenturesPalo Alto · $200K – $5M
Foothill VenturesLos Altos · $100K – $10M
Good CapitalMt. Pleasant
Hyperguap
Inflection VenturesNew Yorkvia Kabe Roashan · inferred
Investopad
Kortschak Investments L.P.Aspenvia Walter Kortschak · inferred
LeitmotifPalo Alto
Loup VenturesMinneapolis
Manhattan WestLos Angeles
ThirdbaseNew York
Valor Equity PartnersChicago
Capricorn Investment GroupreportedNew York
CPP InvestmentsreportedToronto
Eclipsereported · 2 sourcesPalo Alto
Emerson Collective InvestingreportedPalo Alto · $100K – $1M
Goldman Sachsreported · 2 sourcesNew York
NVenturesreportedSanta Clara
NVenturesreportedSingapore · $25K – $2.5M
T. Rowe Pricereported · 2 sourcesBaltimore
Funding
SEC filings, press & company announcements$1B disclosed across 5 of 10 rounds · 2017–2026
- Undisclosed amountSeries EJan 2026Source ↗
- Undisclosed amountSeries EOct 2025
Eclipse (lead), NVentures
Source ↗ - Undisclosed amountSeries DAug 2023Source ↗
▶$45.3MraisedDec 2022 · 3 investors · OtherRule 506(b)
▶$45.3MraisedDec 2022 · 3 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Kevin KassekertExecutive Officer
- Alina ZagaytovaExecutive Officer
- Jeffrey StraubelExecutive Officer, Director
- David DanielsonDirector
- Jason ThompsonExecutive Officer
- Offering amount
- $45.3M
- Amount sold
- $45.3M
- First sale
- May 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$153.9MraisedDec 2022 · 19 investors · OtherRule 506(b)
▶$153.9MraisedDec 2022 · 19 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Jeffrey StraubelExecutive Officer, Director
- Kevin KassekertExecutive Officer
- David DanielsonDirector
- Alina ZagaytovaExecutive Officer
- Jason ThompsonExecutive Officer
- Offering amount
- $154.7M
- Amount sold
- $153.9M
- First sale
- Jun 2022
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$776.6MraisedSep 2021 · 80 investors · OtherRule 506(b)
▶$776.6MraisedSep 2021 · 80 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- JEFFREY B. STRAUBELExecutive Officer, Director
- Kevin KassekertExecutive Officer
- Jason ThompsonExecutive Officer
- David DanielsonDirector
- Offering amount
- $776.6M
- Amount sold
- $776.6M
- First sale
- May 2021
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$36.9MraisedSep 2020 · 9 investors · OtherRule 506(b)
▶$36.9MraisedSep 2020 · 9 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- David DanielsonDirector
- JEFFREY B. STRAUBELExecutive Officer, Director
- ANDREW STEVENSONExecutive Officer
- Kevin KassekertExecutive Officer
- Offering amount
- $36.9M
- Amount sold
- $36.9M
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
▶$2MraisedMay 2017 · 1 investors · OtherRule 506(b)
▶$2MraisedMay 2017 · 1 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- JEFFREY B. STRAUBELExecutive Officer, Director
- ANDREW STEVENSONExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Apr 2017
- Incorporated
- Corporation, Delaware, 2017
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 2
by search overlap062_companies_REN451 shared keywordsRecycleNow provides information helping people identify which household items can be recycled rather than thrown away, and shares news on recycling legislation such as England's Simpler Recycling rules for businesses. It serves the general public and workplaces in England seeking guidance on recycling practices.
Wm430 shared keywordsWaste Management provides waste collection, recycling, and disposal services for residential and commercial customers. The company operates waste management infrastructure and environmental services across multiple regions.
Companies competing with Redwood Materials for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Redwood Materials raises $1B to expand recycling operations in U.S.cnbc.com · Aug 2023Frequently asked questions
- What does Redwood Materials do?
- Redwood Materials deploys large-scale energy storage systems for data centers and grid power while recycling batteries to recover critical minerals like lithium, nickel, cobalt, and copper as a domestic source of these materials.
- Who founded Redwood Materials?
- Redwood Materials was founded by JB Straubel in 2017.
- Who are Redwood Materials's investors?
- Redwood Materials's investors include Breakthrough Energy Ventures, Coatue Management, Collaborative Fund, Congruent Ventures, Eclipse Ventures, Foothill Ventures, Good Capital, Hyperguap and 16 more.
- How much funding has Redwood Materials raised?
- Redwood Materials has disclosed $1B raised across 5 of its 10 known rounds.
- Where is Redwood Materials headquartered?
- Redwood Materials is headquartered in Carson City, US.