Doral Renewables Secures Up To $1.1 Billion Of Growth Capital Commitments From Leading Financial Institutions
Amount Raised
$1.1 Billion
Round Type
Funding Round
PhiladelphiaEnergyRenewable EnergySolarDescription
Doral Renewables LLC dba Doral LLC (“Doral” or the “Company”), a leading U.S. renewable energy and storage developer, announced today that it has entered into an agreement to sell up to $500 million of convertible notes (the “Notes”) to funds managed by Apollo (NYSE: APO) affiliates (the “Apollo Funds”) and Migdal Insurance, a leading Israeli insurance and pension company (“Migdal”). The Notes are convertible to common equity interests in the company at a pre-money valuation of $1.5 billion. Doral intends to use the proceeds from the transaction to fund investments in renewable energy and storage projects being developed by the Company
Quick answer
Doral raised $1.1 Billion in a Funding Round round, dated October 18, 2022. Doral is based in Philadelphia, Pennsylvania, United States.
- How much did Doral raise?
- Doral raised $1.1 Billion in a Funding Round round on October 18, 2022.
- What does Doral do?
- Doral Renewable Energy Resources Group consists of multiple entrepreneurial branches, engaged in a vast variety of renewable energy projects across the world
- Where is Doral based and how big is it?
- Doral is based in Philadelphia, Pennsylvania, United States. Fundz records about 300 employees.
- Who are the decision-makers at Doral?
- Fundz holds 2 contacts at Doral, including the Chief Executive Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Doral that raised within 45 days of this round, from Fundz verified event records.
- KORE Power raised $75M on November 30, 2022.
- Cleanlight raised $3M (Seed) on November 29, 2022.
- KORE Power raised $75M on November 28, 2022.
- Longroad Energy raised an undisclosed amount (Funding Round) on November 15, 2022.
- Samara raised $2M (Seed) on October 14, 2022.
- Amprius Technologies raised $1M (Seed) on September 27, 2022.
Who to call at Doral, and when
A new round usually means Doral is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Doral raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Doral, from your own LinkedIn network
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Related People
Doral raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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