Venterra Group has secured £40 million ($50 million) in new equity funding from existing investors, the offshore wind services company said.
The funding round was backed by shareholders including General Atlantic’s BeyondNetZero, First Reserve and Venterra founder Ayman Asfari, the company said, without disclosing individual commitments.
Venterra said the capital would be used to support its business and growth strategy in the offshore wind sector, as demand for renewable energy infrastructure continues to expand.
Headquartered in the United Kingdom, Venterra has built operations across Europe, the United States and the Asia-Pacific region. Since 2021, the company has also expanded through acquisitions of specialist firms providing survey, engineering, construction and installation services.
“This raise is a powerful endorsement of Venterra’s strategy and the expertise of our people,” Chief Executive Ed Daniels said in a statement.
He added that the funding would allow the company to invest further in capabilities and innovation as it seeks to support the global energy transition.
