Tech Company Financing Transactions
Addis Energy Funding Round
Addis Energy, operating out of ?Somerville, secured $4.3 million from Engine Ventures, Pillar VC and Voyager Ventures.
Transaction Overview
Company Name
Announced On
1/22/2025
Transaction Type
Venture Equity
Amount
$4,250,000
Round
Seed
Proceeds Purpose
The company intends to use the funds to expand its research and development team, and identify potential pilot program locations across the U.S.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
100 Chestnut St 300
?Somerville, MA 02143
USA
?Somerville, MA 02143
USA
Phone
Undisclosed
Website
Email Address
Overview
Addis Energy is scaling new ammonia production pathway that revolutionizes the century-old chemical production process. By targeting iron-rich resources in the subsurface, Addis is forging a new pathway for chemical synthesis: injecting engineered fluids that harness the chemical & thermal potential of the earth to produce clean ammonia. This transforms ammonia synthesis into a net energy positive process without any CO2 emissions and enables producing ammonia cheaper than traditional methods.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Michael Alexander
Browse more venture capital transactions:
Prev: 1/22/2025: Lindus Health venture capital transaction
Next: 1/22/2025: OKYO Pharma venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are sourced from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs