Tech Company Financing Transactions

XL Batteries Funding Round

XL Batteries secured a $10 million Seed funding round on 2/24/2023. Investors included Catalus Capital, private investors and SIP Global Partners.

Transaction Overview

Company Name
Announced On
2/24/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Seed
Investors

Catalus Capital (Lead Investor)

private investors (Jeffrey Schwarz)

private investors (Joel Greenblatt)

private investors (Robert Goldstein)

SIP Global Partners

Xerox

Proceeds Purpose
The company intends to use the funds to accelerate growth, expand operations and its development efforts.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
33 Locke Drive
Marlborough, MA 01752
USA
Phone
Undisclosed
Email Address
Overview
We aim to bring widespread electrochemical storage to the grid for use anywhere, anytime. Our technology will reduce waste within the existing energy infrastructure, and unlock the potential of renewables for a sustainable future.
Profile
XL Batteries LinkedIn Company Profile
Social Media
XL Batteries Company Twitter Account
Company News
XL Batteries News
Facebook
XL Batteries on Facebook
YouTube
XL Batteries on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Tom Sisto
  Tom Sisto LinkedIn Profile  Tom Sisto Twitter Account  Tom Sisto News  Tom Sisto on Facebook
Chief Scientific Officer
Paul Evans
  Paul Evans LinkedIn Profile  Paul Evans Twitter Account  Paul Evans News  Paul Evans on Facebook


 

 

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Prev: 2/24/2023: Futura Gaïa venture capital transaction
Next: 2/24/2023: Guava Lending venture capital transaction

 

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Where The Data Comes From

We do our best to document all VC transactions involving tech companies. VC transactions reported here are sourced from publicly available VC deal announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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