Tech Company Financing Transactions
Tidal Metals Funding Round
On 9/19/2024, Tidal Metals raised $8.5 million in Seed funding from DCVC, Bidra Innovation Ventures and First Spark Ventures.
Transaction Overview
Company Name
Announced On
9/19/2024
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Seed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
1800 E. State Street 148
Hamilton, NJ 08609
USA
Hamilton, NJ 08609
USA
Phone
Undisclosed
Website
Email Address
Overview
To create a sustainable supply of low-cost, zero-carbon magnesium. Tidal Metals has developed an efficient, scalable solution for accessing the estimated two billion megatons of magnesium dissolved in our oceans -- enough to last millennia. Powered by electricity from renewable sources, our "clean and green" method concentrates and extracts magnesium salt in seawater using proprietary innovations and established physical processes. Nothing is added to the water, and no waste is generated.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Howard Yuh
Chief Financial Officer
Duncan O'Brien
Chief Operating Officer
Kevin Tritz
Chief Technical Officer
Ethan Schartman
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