Tech Company Financing Transactions
SMT Energy Funding Round
SMT Energy, based in Boulder, secured $135 million in funding from KeyBanc Capital Markets, Macquarie and private investors.
Transaction Overview
Company Name
Announced On
2/26/2025
Transaction Type
Venture Equity
Amount
$135,000,000
Round
Undisclosed
Investors
KeyBanc Capital Markets (Lead Investor) (Tyler Nielsen)
Macquarie (Lead Investor) (Tom Colebatch)
Proceeds Purpose
With this closing, SMT Energy has eighteen utility-scale battery energy storage assets, encompassing approximately 500 MWH, in operation or construction. In addition, SMT Energy has a 2 GWH pipeline of battery energy storage projects in ERCOT and Southwest Power Pool targeted for commercial operation by 2030.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
Undisclosed
Boulder, CO Undisclosed
USA
Boulder, CO Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Our mission is to reduce America's carbon footprint by advancing BESS infrastructure, the right way. Started as a solar energy developer in 2019, SMT Energy has already grown to encompass over 1.5 gigawatts of renewable energy projects in the US with a value of over $1.5B, becoming a leading and trusted name in battery storage deployment and operation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
David Spotts
Co-Founder
John Switzer
Browse more venture capital transactions:
Prev: 2/26/2025: Fibbl venture capital transaction
Next: 2/26/2025: Napo venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to record funding rounds that are announced publicly. All VC database entries reported here come from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs