Tech Company Financing Transactions
AirLoom Energy Funding Round
AirLoom Energy secured a $4 million Seed venture capital round on 11/2/2023. Investors included Breakthrough Energy Ventures, Heart Aerospace and Lowercarbon Capital.
Transaction Overview
Company Name
Announced On
11/2/2023
Transaction Type
Venture Equity
Amount
$4,000,000
Round
Seed
Investors
Proceeds Purpose
The cash infusion will enable Airloom to scale up from the current development phase of 50 kilowatts, leading to megawatt-scale devices and full deployment in wind farms where megawatts are counted by the hundreds.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
5452 Aerospace Drive Hwy 130
Laramie, WY 82070
USA
Laramie, WY 82070
USA
Phone
Website
Email Address
Overview
AirLoom Energy uses the strength of the wind to propel wings down a lightweight track. The company's geometry produces the same amount of energy as conventional turbines at a fraction of the cost. The company offers low-cost utility-scale wind energy.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Neal Rickner
Chief Operating Officer
Blossom Ko
President
Robert Lumley
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We report on all VC transactions involving tech companies. VC transactions on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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