Tech Company Financing Transactions

Quaise Funding Round

On 2/18/2022, Quaise announced $40 million in Series A funding from Safar & Partners, Collaborative Fund and Fine Structure Ventures.

Transaction Overview

Company Name
Quaise
Announced On
2/18/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors

Safar & Partners (Lead Investor) (Arunas Chesonis)

Collaborative Fund

Fine Structure Ventures (Allison Hinckley)

Nabors Industries

Prelude Ventures (Mark Cupta)

The Engine

Proceeds Purpose
The funding will be used to accelerate product development. The company will build field-deployable drilling machines to demonstrate the capabilities of this novel drilling technology in the field by 2024.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Phone
(787) 400-2277
Website
www.quaise.energy
Email Address
[email protected]
Overview
We are developing the enabling technologies to unlock this energy source on a global scale. Drilling technologies to reach down to 20 km below the surface and place this energy source within the reach of all humanity. Reservoir technologies to safely and predictably release this energy with the power densities of fossil fuels.
Profile
Quaise LinkedIn Company Profile
Social Media
Quaise Company Twitter Account
Company News
Quaise News
Facebook
Quaise on Facebook
YouTube
Quaise on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Carlos Araque
  Carlos Araque LinkedIn Profile  Carlos Araque Twitter Account  Carlos Araque News  Carlos Araque on Facebook
VP - Engineering
Henry Phan
  Henry Phan LinkedIn Profile  Henry Phan Twitter Account  Henry Phan News  Henry Phan on Facebook
VP - R & D
Franck Monmont
  Franck Monmont LinkedIn Profile  Franck Monmont Twitter Account  Franck Monmont News  Franck Monmont on Facebook

 

 

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Prev: 2/18/2022: Scandit venture capital transaction
Next: 2/18/2022: Alma SAS venture capital transaction

 

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We record funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 

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