Tech Company Financing Transactions
Sage Geosystems Funding Round
Sage Geosystems, operating out of Bellaire, scored $20 million from private investors.
Transaction Overview
Company Name
Announced On
6/27/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
Sage says its first project will provide up to 17 hours of energy -- turning on-again/off-again renewables like solar into round-the-clock sources of power.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
5210 Beech St
Bellaire, TX 77401
USA
Bellaire, TX 77401
USA
Phone
Undisclosed
Website
Email Address
Overview
Sage Geosystems is a transformative geothermal energy company whose core team has over 150 combined years of O&G and turbomachinery experience and more than 200 patents with a proven record of action and delivery. We have developed proprietary geothermal technologies targeting lower surface temperatures (100 to 250°C) which, if successful, will reduce the cost of geothermal electricity production and enable "geothermal everywhere" across the U.S. and around the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Cindy Taff
Chief Technical Officer
Lance Cook
President
Lev Ring
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We do our best to record tech company VC transactions. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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