Tech Company Financing Transactions
Zap Energy Funding Round
On 10/9/2024, Zap Energy raised $130 million in Series D funding from Soros Fund Management, Addition and BAM Elevate.
Transaction Overview
Company Name
Announced On
10/9/2024
Transaction Type
Venture Equity
Amount
$130,000,000
Round
Series D
Investors
Proceeds Purpose
The company intends to use the funds to continue parallel development of both plasma R&D and systems-level plant engineering and integration, including the next generation in its FuZE device series and a pulsed power capacitor bank.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
506 Second Ave. Smith Tower 1400
Seattle, WA 98104
USA
Seattle, WA 98104
USA
Phone
Undisclosed
Website
Email Address
Overview
Zap Energy's technology stabilizes plasma using sheared flows rather than magnetic fields. Driving electric current through the flow creates the magnetic field, which confines and compresses the plasma. The higher the current, the greater the pressure and density in the plasma. We are backed by an energy and technology-focused investor base, closing a Series B funding round in early 2021.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Scientific Officer
Uri Shumlak
Chief Technical Officer
Brian Nelson
President
Benj Conway
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