Tech Company Financing Transactions
Drift Energy Funding Round
Drift Energy, operating out of Bath, received $6 million in funding from Octopus Ventures.
Transaction Overview
Company Name
Announced On
8/16/2024
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Seed
Investors
Octopus Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to bolster its vessel design program, support team growth and enable the onboarding of new partners.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
Spaces 2nd floor Northgate House Upper Borough Walls
Bath, BA1 1RG
UK
Bath, BA1 1RG
UK
Phone
Undisclosed
Website
Email Address
Overview
Our mission is to solve the world's biggest problem, by using its biggest resource. Its oceans. We do this by harvesting green hydrogen at sea and transporting it globally. Our technology is creating a new class of renewable energy and lends DRIFT multiple advantages over existing classes of renewable energy. We are viable in more places. Produce more power, more of the time. Are simpler to maintain. And are crucially up to 10x quicker to implement.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ben Medland
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Where The Data Comes From
We do our best to document tech company VC transactions. VC investment data records reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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