Tech Company Financing Transactions
Sage Geosystems Funding Round
Sage Geosystems, based in Bellaire, scored $17 million in funding from Chesapeake Energy, Helium-3 Ventures and private investors.
Transaction Overview
Company Name
Announced On
2/15/2024
Transaction Type
Venture Equity
Amount
$17,000,000
Round
Series A
Investors
Chesapeake Energy (Lead Investor)
private investors (Arch Meredith)
Proceeds Purpose
The proceeds will fund a 3MW commercial Geopressured Geothermal System (GGS) facility, which will be built in Texas.
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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