Tech Company Financing Transactions
Thea Energy Funding Round
Thea Energy, based in Princeton, secured $20 million from Prelude Ventures, 11.2 Capital and Anglo American Platinum.
Transaction Overview
Company Name
Announced On
2/8/2024
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate next phase of planar coil magnet array manufacturing, integrated stellarator system modeling, and team growth.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
92 Nassau St, 4th Floor
Princeton, NJ 08542
USA
Princeton, NJ 08542
USA
Phone
Undisclosed
Website
Email Address
Overview
Thea Energy is leveraging recent breakthroughs in stellarator physics and engineering to create a faster, simpler approach to commercializing fusion energy. We were founded in 2022 with technology developed at Princeton University. Our mission is to create a limitless source of zero emission energy for a sustainable future.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Brian Berzin
Browse more venture capital transactions:
Prev: 2/8/2024: Aizon venture capital transaction
Next: 2/8/2024: PulmoBioMed venture capital transaction
Share this article
Where The Data Comes From
We record every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs