Tech Company Financing Transactions
Mainspring Energy Funding Round
Mainspring Energy closed a $150 million Series E funding round on 5/24/2022. Investors included Lightrock, Fidelity Investments Canada and Fine Structure Ventures.
Transaction Overview
Company Name
Announced On
5/24/2022
Transaction Type
Venture Equity
Amount
$150,000,000
Round
Series E
Investors
Lightrock (Lead Investor) (Kevin Bone)
private investors (Bill Gates)
Proceeds Purpose
Mainspring will use the funds to develop new linear generator models and to accelerate the commercial, industrial, datacenter and utility adoption of Mainspring Linear Generators producing zero-carbon electricity.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
3601 Haven Ave.
Menlo Park, CA 94025
USA
Menlo Park, CA 94025
USA
Phone
Undisclosed
Website
Email Address
Overview
Mainspring was founded in 2010 by three Stanford engineers seeking a new approach to generating clean, resilient, affordable electricity. Their research into high-efficiency methods of converting fuel to electricity led to the founding of the company and the development and prototype of their first linear generator. They also built a culture of collaboration and innovation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Shannon Miller
Chief Operating Officer
David DeGraaff
Chief Technical Officer
Matthew Svrcek
VP - Bus. Development
John Igo
VP - Finance
Ryan Fletcher
VP - Operations
Ken Poczekaj
VP - Product Management
Yannick Roux
VP - Product Management
Adam Simpson
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