Funding announcement
Dragonfly update
Year-end letter from Dragonfly's chairman: new CEO and two board appointments, a completed biodiversity investment, portfolio progress in water, energy and biotech, and a conservation partnership noted.
Startup · $102.8m raised · Energy
National Renewable Network
Sydney, NSW
Funding history
-
Series A : $67,000,000
-
Series A : $17,000,000
-
Seed : $4,300,000
-
Bridge / extension : $1,000,000
-
Venture debt : $10,000,000
-
Unnamed stage : $3,500,000
-
Accelerator
Programs: EnergyLab (2022 Climate Solutions Accelerator)
Investors
Every investor coverage indicates participated in a round National Renewable Network raised.
| Investor | Rounds | Invested |
|---|---|---|
| Ecotone Partners | Series A · Series A · Seed · Unnamed stage | - |
| Investible | Series A · Series A · Bridge / extension | $400,000 |
| Electrifi Ventures | Seed · Bridge / extension · Unnamed stage | - |
| Virescent Ventures | Series A · Series A | $3,900,000 |
| Investible Club | Seed · Unnamed stage | - |
| Jelix Ventures | Seed · Unnamed stage | - |
| Australian Ethical Infrastructure Debt Fund | Series A | - |
| Ecotone Partners’ Planet Fund | Series A | - |
| Ecotone Ventures | Series A | - |
| Infradebt | Series A | - |
| Jelix Fund 1 | Seed | - |
| Catalytic Impact Capital | Venture debt | $10,000,000 |
| EnergyLab | Accelerator | - |
What National Renewable Network bought
Companies National Renewable Network acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
People
Coverage
Stories naming National Renewable Network. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Series A
NRN: Investment Notes
Virescent Ventures explains why it co-led NRN's Series A, profiling the Sydney company's no-upfront-cost solar and battery marketplace model and its two founders.
Also SmartCompany·RenewEconomy·Dealroom·SmartCompany·RenewEconomy·RenewEconomy·RenewEconomy
Unnamed stage
$67.2m
Catalysing capital: a new playbook argues for rewriting climate tech investment
A Greenhouse report argues Australia's climate funding problem is deployment rather than capital, citing case studies including NRN's recent $67.2 million raise and blended finance models from Investible and Wedgetail.
7 deals
Five Aussie startups that raised $85 million this week
Roundup of five Australian raises totalling $85 million: National Renewable Network's Series A, plus Syenta, Cuttable, SprintSuite and Bitwise Agronomy, with lead investors and expansion plans for each.
6 deals
Renewables virtual power plant startup charges up with $17 million Series A
Household virtual power plant platform NRN has secured a $17 million Series A led by Investible and Virescent Ventures, plus $50 million debt from Infradebt, with Ecotone Partners newly joining via its Planet Fund.
Also Startup Daily
Seed
$4.3m
Investment Notes: National Renewable Network
Jelix's investment note explains why its fund joined NRN's oversubscribed $4.3m raise ahead of its Series A, covering the startup's solar financing model, rapid revenue growth, and market opportunity.
11 deals
Eight Aussie startups that raised $80 million this week
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
14 deals
Eight Aussie startups that raised $118.8 million this week
Weekly roundup of eight Australian funding rounds, led by Samsara Eco's $100m Series A extension; Diraq, 1Breadcrumb, Aquila, NRN, Klean, Bearhug and Sindy Labs also secured capital, and Klean won a Queensland grant.
Also TechCrunch Venture·SmartCompany·@AuManufacturing·Techboard·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·@AuManufacturing·@AuManufacturing·Forbes Australia·@AuManufacturing
4 deals
Four Aussie startups that have raised $94.5 million already in January
Roundup of January 2024 funding: Futurerent, Prota Therapeutics, National Renewable Network and Getmee together secured $94.5 million across debt, equity and a government grant, with investor details for each deal.
2 deals
National Renewable Network secures $10 million for retail solar and battery roll out
Sydney green-energy startup NRN has locked in a credit facility of up to $10 million from impact lender Catalytic Impact Capital to equip Australian homes with solar and storage.
Also SmartCompany·SmartCompany·SmartCompany·Startup Daily·SmartCompany·Startup Daily·SmartCompany
Funding announcement
10 promising climate change startups in the new EnergyLab accelerator program
EnergyLab's 2022 Climate Solutions Accelerator has taken ten Australian climate tech startups into its six-month program, backed by $750,000 in total pre-seed funding from angel investors, half again more than the prior year.
Funding announcement
The 10 startups EngergyLab selected for its Climate Solutions Accelerator
EnergyLab has picked ten Australian climate startups for its 2022 Climate Solutions Accelerator, a six-month program, with the group sharing $750,000 from angel investors.