Corporate / CVC · 2 deals
Every published round Schlumberger New Energy took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| RayGen | Series C | 18 Oct 2021 | $55m | Participant | Startup Daily, @AuManufacturing, Breakthrough Victoria, RenewEconomy (Wed 3 Nov 2021), RenewEconomy (Mon 18 Oct 2021) | |
| RayGen | Unnamed stage | 8 Jun 2021 | $27m | Participant | ARENA, RenewEconomy |
Companies Schlumberger New Energy has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| RayGen | 8 Jun 2021 | 2 | 0 |
Fund closes reported for Schlumberger New Energy, as distinct from the investments it has made.
Companies Schlumberger New Energy has backed that another company then bought. An exit for the holding, not a deal Schlumberger New Energy did.
Stories naming Schlumberger New Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
RayGen's Series C reached $55 million with Equinor investing $9 million, joining Chevron, AGL, Photon Energy and Schlumberger, plus an ARENA grant, funding a Victorian storage project.
Also Breakthrough Victoria·RenewEconomy·Startup Daily·@AuManufacturing
The government agency announced a $15 million grant to RayGen for a world-first solar hydro power plant in Victoria; RayGen also completed a $27 million equity raise and holds an offtake agreement with AGL.