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Announced

Completed

Breakthrough Energy Ventures and Prelude Ventures led a $44m funding round in Terabase Energy.

Financials

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Transaction Value£35m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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software

Domestic

United States

Acquisition

Software

solar energy

Private Equity

Single Bidder

Minority

Friendly

Completed

Private

Synopsis

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Breakthrough Energy Ventures, an investment company, and Prelude Ventures, a venture capital firm, led a $44m funding round in Terabase Energy, a platform which enables rapid deployment of solar plants at more competitive costs, with participation from SJF Ventures. "Terabase's software and automation platform allows for developers and EPCs to effectively design and manage their projects from the point of land acquisition to rapid and high-quality construction through automation. This is an essential solution for solar to get to Gigawatt-scale projects around the world," Tim Woodward, Prelude Ventures Managing Director.

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