NEWS COMMENTARY

Lilac Solutions raises $20 million Series A round from prominent venture capital firms

Published:
February 20, 2020
Coverage:
Owning the Energy Transition More...
Activities:
Investment
by Chloe Holzinger
Average importance

The round was led by Breakthrough Energy Ventures, with other investments from The Engine, Lowercarbon Capital, and The Grantham Foundation. While the influx of fresh capital is certainly positive for Lilac, the company's decision to source funding from venture capital firms rather than strategic industry players is interesting. Investments from strategics are usually harbingers for pilot project or co-development opportunities, as with Livent's partnership with E3 Metals. Lilac's choice to go elsewhere for capital may speak to its technology's early stage of development, the lithium industry's strong risk aversion, or both. Regardless, clients should continue to expect one of Lilac's most significant hurdles to be securing pilot projects.

For the original news article, click here .


Further Reading

Gojek raises additional $1.2 billion to close its Series F at $3 billion

News Commentary | March 27, 2020

Gojek officially closed its Series F at $3 billion with an additional $1.2 billion led by Tencent Holdings, JD.com, and Alphabet. This appears to be an extension of what we originally reported as the close of a $1 billion Series F in February 2019. In similar fashion, Grab's Series H that started in... Not part of subscription

TDK Ventures closes $150 million VC fund to build on the success of its first fund

News Commentary | April 19, 2021

TDK Ventures will continue to focus on cleantech, advanced materials, robotics, autonomous vehicles, and healthcare. Since 2019, the fund has been involved in approximately $500 million in deals across 14 startups (based on publicly disclosed deals), including GenCell, Origin, and SLD Laser, which ... Not part of subscription

Modern Meadow raises whopping $130 million Series C despite lack of progress

News Commentary | May 05, 2021

Modern Meadow has repeatedly overhyped its technology, setting expectations high and then failing to deliver despite its large previous capital and support from large industry players like Evonik. Now, Andras Forgac is stepping down as CEO, and the company is shifting its first product launch to a ... Not part of subscription