OMERS GreenTech Invests in Redwood Materials

1 minute read | August.30.2023

OMERS GreenTech has invested in Redwood Materials, a battery recycling startup on a mission to build a circular supply chain, as part of the latter’s successful US$1 billion Series D round. The raise brings Redwood’s total equity capital raised to nearly US$2 billion. Orrick represented OMERS GreenTech.

OMERS GreenTech makes investments in mid-sized companies who are leaders in their respective sectors. They seek multiple avenues for growth — including organic growth and expansion, operational improvements, strategic capital injections and M&A.


Redwood intends to use the funds to continue building capacity, expanding domestic battery supply chain, and allowing customers to buy battery materials — like lithium, nickel and cobalt — made in the U.S. for the first time.


The Orrick deal team included Daniel Wayte, David Ruff, Andy Bloom, Chapin Scaggs, Stacy Kray, Daniel Yost, Jeanine McGuinness, Maria Sergeyeva, Kyle Drefke, Devin Canavan and Daniel Healow.


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