Galway Sustainable Capital Funding, Investors & Competitors

Galway Sustainable Capital has raised $300M across 2 funding rounds, most recently a $50M undisclosed-stage round in February 2024.

Last Galway Sustainable Capital funding round

$50M

Undisclosed stage · Feb 2024

Cumulative funding Galway Sustainable Capital raised

$300M

across 2 funding rounds

Key investors in Galway Sustainable Capital

  • Macquarie Asset Management
  • Aware Super

Galway Sustainable Capital Overview

About Galway Sustainable Capital

Galway Sustainable Capital is a United States specialty infrastructure finance company that provides capital to sustainability and energy transition projects and companies in North America. It funds assets such as distributed renewables, efficiency retrofits and other decarbonisation infrastructure that need large upfront capital, and had made more than US$309 million of commitments across 27 investments in its first two and a half years. It earns returns from the financing it originates and holds.


Founded

2020

HQ

United StatesWashington

Status

Privately held

Customer focus

B2B

Revenue model

Investment management, Services

Galway Sustainable Capital Funding History

Galway Sustainable Capital has raised a total of $300M across 2 funding rounds.

Galway Sustainable Capital's first fundraising round was a $250M undisclosed-stage round in June 2023. The most recent completed round was a $50M undisclosed-stage round in February 2024.

Galway Sustainable Capital funding rounds

Galway Sustainable Capital funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2024Undisclosed stageAware Super$50MAware Super made a US$50 million co-investment alongside Macquarie Asset Management into Galway Sustainable Capital, a Washington-based specialty finance company funding North American energy transition assets. The fund framed the deal as diversifying its A$10.2 billion private equity portfolio geographically and into financial services while retaining exposure to decarbonisation, helped by the tailwinds from the US Inflation Reduction Act. It also illustrated Aware Super's stated aim of deploying half of its private equity capital through co-investments.
Jun 2023Undisclosed stageMacquarie Asset Management (lead)$250MMacquarie Asset Management's Green Investment Group closed a $US250 million investment in Galway Sustainable Capital through the Macquarie Green Investment Group Energy Transition Solutions fund. Galway finances distributed and localised energy transition projects with typical cheques of $US50 million or less, and the capital was intended to scale its deployment across renewable energy, energy efficiency, green buildings, clean transportation and circular economy assets. Australian pension fund Aware Super co-invested alongside Macquarie in the transaction.

Who has invested in Galway Sustainable Capital?

2 investors have backed Galway Sustainable Capital across its funding rounds, including Macquarie Asset Management and Aware Super.

Lead investors include Macquarie Asset Management.


Galway Sustainable Capital Investors

Investors in Galway Sustainable Capital by funding rounds participated
InvestorHQRoundsRoleFirst check

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Galway Sustainable Capital Competitors

Galway Sustainable Capital competitors include listed companies like First Solar, Nextracker, Sigenergy Technology Co and Tongwei, and private ones like Northvolt and Kraken.

Public and private companies comparable to Galway Sustainable Capital
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
First SolarUnited StatesUnited StatesPublicly listed$5.2B$2.1B$22B4.0x
NextrackerUnited StatesUnited StatesPublicly listed$3.6B$747M$13B2.9x
NorthvoltSwedenStockholmPrivate--$12B-
Sigenergy Technology CoChinaChinaPublicly listed$1.3B$504M$9.8B3.9x
KrakenUnited KingdomLondonPrivate$2.2B$531M$8.7B3.9x
TongweiChinaChinaPublicly listed$13B$461M$7.4B1.5x

Galway Sustainable Capital Public Comps

Galway Sustainable Capital is still privately-owned, but its public comps include Enbridge, Williams Companies, Enterprise Products, Energy Transfer, Kinder Morgan, Bajaj Finance, TC Energy, Targa Resources, Cenovus Energy and MPLX.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Enbridge$47B$15B4.2x3.6x13.3x13.3x
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
Kinder Morgan$17B$8.2B6.1x5.8x12.5x11.6x
Bajaj Finance$5.2B$2.7B19.8x16.6x37.3x29.7x
TC Energy$11B$7.8B10.7x10.3x15.1x14.0x
Targa Resources$17B$4.9B4.7x4.3x16.6x14.2x

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Common questions about Galway Sustainable Capital

When was Galway Sustainable Capital founded?Galway Sustainable Capital was founded in 2020.
Where is Galway Sustainable Capital headquartered?Galway Sustainable Capital is headquartered in Washington, United States.
Is Galway Sustainable Capital publicly listed?No, Galway Sustainable Capital is a private, VC-backed company.
How much funding has Galway Sustainable Capital raised?Galway Sustainable Capital has raised $300M across 2 funding rounds.
What was Galway Sustainable Capital's last funding round?Galway Sustainable Capital's last funding round was a $50M undisclosed-stage round in February 2024.
Who are Galway Sustainable Capital's investors?Galway Sustainable Capital's investors include Aware Super and Macquarie Asset Management.
Which companies are comparable to Galway Sustainable Capital?Companies comparable to Galway Sustainable Capital include First Solar, Nextracker, Northvolt, Sigenergy Technology Co, Kraken and Tongwei.

See companies similar to Galway Sustainable Capital

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