Build the case.
Align the narrative, financial model, and capital structure before the first investor conversation.
Narrative · Model · Materials
Independent capital advisoryVancouver · Working across borders
Power / Infrastructure / Compute
The engineering
works.
Now, the raise.
Capital advisory for the companies building what comes next. We structure and run $5M–$50M raises across power and compute.
Engagement range$5M—$50M
Capital structureEquity + debt
Our focus ↗Generation & storageGrid infrastructureEnergy softwareCompute infrastructure
01 / Capital advised$140M+
Across advisory mandates
02 / Advisory record5
Advised exits
03 / Advisory record9.5×
Blended MOIC
04 / Network8,000+
Operators & investors
01 / The practiceWhere capital meets
Where capital meets
physical constraints.
Specialist advisory across the systems that generate, move, and consume power.
Coverage / Power to compute
One connected corridor.
Generation & storage01 ↗
Grid & energy software02 ↗
Compute infrastructure03 ↗
The investment case lives in the connections: power availability, infrastructure economics, and the demand behind them.
Structure / Before outreach
The right capital for the asset.
Equity, debt, and a financing narrative built around the business and the investors who can underwrite it.
Discretion / By design
The work stays private.
We present our advisory record in aggregate. Specific mandates and references belong in a direct conversation.
02 / How we workFrom investment case
From investment case
to closing table.
One coordinated process, with Cinderwood working alongside the company throughout.
Run the process.
Identify relevant investors, coordinate outreach, and manage meetings and diligence around a clear timeline.
Targeting · Outreach · Diligence
Work through the details.
Support the company through term sheets, negotiation, and the work required to complete the financing.
Terms · Coordination · Closing
03 / The principalA direct relationship.
A direct relationship.
A focused practice.
Nicholas Roche
CinderwoodCinderwood’s advisory practice is led by Nicholas Roche, working with companies across power, infrastructure, and compute.
The advisory practice and the Cinderwood investment thesis share a focus: the physical systems behind the next wave of growth.
For a closer look at our thinking, read Firm Power ↗, our publication on the companies, projects, and capital moving through the sector.
04 / Start a conversationWhat are
What are
you building?
Tell us a little about the company and the raise. Best fit: $5M–$50M in or adjacent to power and compute.
A focused introduction. A useful next step.
Let’s discuss your raise.
Choose a time that works for you on our booking calendar.
Choose a time ↗Opens Google Calendar in a new tab.