Tech Company Financing Transactions
Veir Funding Round
On 3/5/2021, Veir raised $10 million in Series A financing from Breakthrough Energy Ventures, Congruent Ventures and The Engine.
Transaction Overview
Company Name
Announced On
3/5/2021
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the new capital to scale its team, hiring technical talent in the cryogenic and energy industries, as well as operational and sales staff to support commercial development, begin to develop and test the critical subsystems required to deploy its product to the transmission grid and establish a physical development site in Massachusetts.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
250 Summer St. 4th Floor
Boston, MA 02210
USA
Boston, MA 02210
USA
Phone
Undisclosed
Website
Email Address
Overview
Renewables from the sunniest, windiest, and wettest places cost less than generating electricity from coal plants and even natural gas plants in many parts of the world. But the best renewable resources lie far from demand centers. Bending the curve on carbon emissions requires matching new generation from renewables with new transmission.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adam Wallen
Chief Technical Officer
Timothy Heidel
VP - Bus. Development
Douglas Stewart
VP - Engineering
Franco Moriconi
Browse more venture capital transactions:
Prev: 3/5/2021: DispatchHealth venture capital transaction
Next: 3/5/2021: ChurnZero venture capital transaction
Share this article
Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs