Tech Company Financing Transactions
Fervo Energy Funding Round
Devon Energy Corporation, Capricorn Investment Group and Congruent Ventures invested in a $244 million capital raise for Fervo Energy. The round was announced on 2/29/2024.
Transaction Overview
Company Name
Announced On
2/29/2024
Transaction Type
Venture Equity
Amount
$244,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to enhance its next phase of growth, deploying proven technology adapted from the oil and gas industry at scale to deliver commercially viable 24/7 carbon-free energy.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
609 Main St 25th Fl
Houston, TX 77002
USA
Houston, TX 77002
USA
Phone
Website
Email Address
Overview
Our mission is to leverage innovation in geoscience to accelerate the clean energy transition. Our team consists of reservoir engineers, geophysicists, data scientists, and renewable power developers who are passionate about building energy systems to address climate change.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Timothy Latimer
Chief Financial Officer
David Ulrey
Chief Technical Officer
Jack Norbeck
Browse more venture capital transactions:
Prev: 2/29/2024: Shader venture capital transaction
Next: 2/29/2024: Filigran venture capital transaction
Share this article
About Our VC Transactions Data
Our team works diligently to record every notable VC transaction. VC investment data records reported here are derived from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs