Fundraising Fox

Swell Energy

Santa Monica, US · Founded 2016 · Delaware corporation · 15 employees on LinkedIn · 13 known investors

Find your way into Swell Energy

Energy

Founders & leadership

SK
Suleman KhanNamed on SEC filing
SP
Scott ParkesNamed on SEC filing
BO
Brian O'ConnorNamed on SEC filing

Board

SAShaun Abrahamson
Shaun Abrahamsonin𝕏Board directorManaging Partner at Third Sphere
BHBrandon Hurlbut
Brandon HurlbutinBoard directorCo-Founder at Overture Climate

Investors · 13

Aligned Climate CapitalreportedNew York · $2M – $10M
Aresreported
Overture ClimatereportedSanta Monica · $1M – $3Mvia Brandon Hurlbut · board
SoftBank GroupreportedTokyo
Third SpherereportedNew York · $250K – $1M

Also in the syndicate · 8

Ares Infrastructure Opportunities fundAres Infrastructure Opportunities fundsGreenbacker Capital ManagementleadGreenbacker Development Opportunities Fund IGreenbacker Development Opportunities Fund I, LPleadOntario Power Generation Inc.Ontario Power Generation Pension FundSoftBank Vision Fund 2lead

Funding

SEC filings, press & company announcements

$253.6M disclosed across 3 rounds · 2019–2022

  • $120MSeries BNov 2022 · 3 sources

    Greenbacker Capital Management (lead), SoftBank Group Corp. (lead), Softbank Vision Fund 2 (lead), Ares Infrastructure Opportunities funds, Ares Management Corp., Greenbacker Development Opportunities Fund I, Ontario Power Generation Inc., Ontario Power Generation Pension Fund

    Source ↗
  • $120MraisedNov 2022 · 3 sources

    Greenbacker Development Opportunities Fund I (lead), Greenbacker Development Opportunities Fund I, LP (lead), SoftBank Vision Fund 2 (lead), Aligned Climate Capital, Ares Infrastructure Opportunities fund, Ontario Power Generation Pension Fund, Third Sphere

    Source ↗
▶$13.6MraisedDec 2019 · 17 investors · Other Energy
Rule 506(b)
Officers, directors & promoters on the filing
  • Suleman KhanExecutive Officer, Director
  • Scott ParkesDirector
  • Brian O'ConnorDirector
  • Shaun AbrahamsonDirector
  • Brandon HurlbutDirector
Offering amount
$14.1M
Amount sold
$13.6M
First sale
Nov 2019
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Funding and M&A Roundup: Swell Energy Raises $120 Million for Virtual Power Plants - Mercom Capital Groupmercomcapital.com · Nov 2022Swell Energy Raises Additional $120M in Equity Capital - Los Angeles Business Journallabusinessjournal.com · Nov 2022US virtual power plant specialist Swell Energy raises US$120 million for 600MWh portfolioenergy-storage.news · Nov 2022Swell Energy Raises $120 Million for Virtual Power Plant Deployment - Mercom Capital Groupmercomcapital.com · Nov 2022Swell Energy Raises $120 Million to Bring Total Solar and Battery Virtual Power Plants to 600 MWh - Swell Energyswellenergy.com · Nov 2022Swell Energy Raises $120M in Series B Funding - FinSMEsfinsmes.com · Nov 2022

Frequently asked questions

Who are Swell Energy's investors?
Swell Energy's investors include Aligned Climate Capital, Ares, Overture Climate, SoftBank Group, Third Sphere.
How much funding has Swell Energy raised?
Swell Energy has disclosed $253.6M raised across 3 rounds.
Where is Swell Energy headquartered?
Swell Energy is headquartered in Santa Monica, US.