Field Funding, Investors & Competitors

Field has raised $307M across 3 funding rounds, most recently a $257M undisclosed-stage round in July 2023.

See full Field profile

Last Field funding round

$257M

Undisclosed stage · Jul 2023

Cumulative funding Field raised

$307M

across 3 funding rounds

Key investors in Field

  • Giant Ventures
  • Taavet Hinrikus
  • CVC DIF
  • Plural Platform
  • Ian Hogarth
  • Nikhil Shah

Field Overview

About Field

Field is a renewable energy developer focused on building infrastructure for net-zero transitions in Europe. The London-headquartered company constructs solar farms, wind projects, and battery storage facilities while operating energy trading desks to optimize grid integration. Field finances and manages assets totaling gigawatt-scale capacity, partnering with utilities and investors to accelerate deployment across the United Kingdom and continental markets.


Founded

2020

HQ

United KingdomLondon

Status

Privately held

Customer focus

B2B

Revenue model

Services

Field Funding History

Field has raised a total of $307M across 3 funding rounds.

Field's first fundraising round was a $14M Series A in August 2021. The most recent completed round was a $257M undisclosed-stage round in July 2023.

Field funding rounds

Field funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2023Undisclosed stageCVC DIF (lead)$257MField Energy is a developer and operator of battery energy storage systems with a 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe. The company secured £200 million (approximately $257 million USD) in investment from DIF Capital Partners via their DIF Infrastructure VII fund in July 2023. This investment was aimed at accelerating the development and buildout of Field Energy's battery energy storage project portfolio. DIF Capital Partners, advised by PwC (financial) and Herbert Smith Freehills (legal), viewed the investment as complementary to their extensive renewable energy portfolio and critical for the UK energy industry to reach Net Zero. Field Energy was advised by Nomura Greentech (financial) and Dentons (legal adviser) on the transaction.
Jun 2022Undisclosed stagePlural Platform (lead); Giant Ventures$37M-
Aug 2021Series AIan Hogarth; Nikhil Shah; Giant Ventures; Taavet Hinrikus$14MField is an energy storage startup that has received backing from Giant Ventures, a London-based venture capital firm focused on climate, health, and inclusive capitalism. The company is mentioned among Giant's notable portfolio success stories.

Who has invested in Field?

6 investors have backed Field across its funding rounds, including Giant Ventures, Taavet Hinrikus, CVC DIF, Plural Platform, Ian Hogarth and Nikhil Shah.

Lead investors include CVC DIF and Plural Platform.


Field Investors

Investors in Field by funding rounds participated
InvestorHQRoundsRoleFirst check
Giant VenturesUnited KingdomLondon2ParticipantAug 2021
Plural PlatformUnited KingdomLondon1LeadJun 2022
Ian HogarthUnited KingdomLondon1ParticipantAug 2021
Nikhil ShahUnited KingdomLondon1ParticipantAug 2021

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Field Competitors

Field competitors include listed companies like Brookfield Renewable Partners and REC, and private ones like Lancium Technologies, 50Hertz, The Faraday Grid and Ample.

Public and private companies comparable to Field
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Lancium TechnologiesUnited StatesHouston, TXPrivate--$10B-
Brookfield Renewable PartnersCanadaCanadaPublicly listed$6.4B$4.8B$8.9B11.7x
RECIndiaIndiaPublicly listed$2.3B$2.2B$8.6B25.9x
50HertzGermanyGermanyPrivate--$6B-
The Faraday GridUnited KingdomEdinburghPrivate--$3.7B-
AmpleUnited StatesSan Francisco, CAPrivate--$1B-

Field Public Comps

Field is still privately-owned, but its public comps include GE Vernova, Iberdrola, Enbridge, China Yangtze Power, Constellation Energy, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan and TC Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Williams Companies$12B$7.4B10.1x9.8x16.4x14.6x
Enterprise Products$53B$9.6B2.2x1.9x12.3x11.0x
Energy Transfer$86B$15B1.9x1.5x10.5x8.8x

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Common questions about Field

When was Field founded?Field was founded in 2020.
Where is Field headquartered?Field is headquartered in London, United Kingdom.
Is Field publicly listed?No, Field is a private, VC-backed company.
How much funding has Field raised?Field has raised $307M across 3 funding rounds.
What was Field's last funding round?Field's last funding round was a $257M undisclosed-stage round in July 2023, led by CVC DIF.
Who are Field's investors?Field's investors include Giant Ventures, Plural Platform, Ian Hogarth, Nikhil Shah, CVC DIF and Taavet Hinrikus.
Which companies are comparable to Field?Companies comparable to Field include Lancium Technologies, Brookfield Renewable Partners, REC, 50Hertz, The Faraday Grid and Ample.

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