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- Field
Field Funding, Investors & Competitors
Field has raised $307M across 3 funding rounds, most recently a $257M undisclosed-stage round in July 2023.
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Undisclosed stage | CVC DIF (lead) | $257M | Field 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 2022 | Undisclosed stage | Plural Platform (lead); Giant Ventures | $37M | - |
| Aug 2021 | Series A | Ian Hogarth; Nikhil Shah; Giant Ventures; Taavet Hinrikus | $14M | Field 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Aug 2021 | ||
| 1 | Lead | Jun 2022 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 6 Field investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialField Competitors
Field competitors include listed companies like Brookfield Renewable Partners and REC, and private ones like Lancium Technologies, 50Hertz, The Faraday Grid and Ample.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $10B | - | ||
| Publicly listed | $6.4B | $4.8B | $8.9B | 11.7x | ||
| Publicly listed | $2.3B | $2.2B | $8.6B | 25.9x | ||
| Private | - | - | $6B | - | ||
| Private | - | - | $3.7B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $38B | $3.2B | 6.2x | 5.4x | 73.5x | 43.5x | |||
| $51B | $17B | 4.4x | 4.3x | 13.2x | 11.8x | |||
| $47B | $15B | 4.2x | 3.6x | 13.3x | 13.3x | |||
| $13B | $11B | 11.4x | 11.3x | 13.9x | 14.4x | |||
| $26B | $5B | 4.6x | 3.8x | 23.5x | 15.3x | |||
| $12B | $7.4B | 10.1x | 9.8x | 16.4x | 14.6x | |||
| $53B | $9.6B | 2.2x | 1.9x | 12.3x | 11.0x | |||
| $86B | $15B | 1.9x | 1.5x | 10.5x | 8.8x | |||
This data is available for Pro users. Sign up to see all Field competitors and their valuation data. Start Free Trial | ||||||||
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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