Tech Company Financing Transactions
Zap Energy Funding Round
Zap Energy, based in Seattle, scored $27.5 million from Addition Capital, Chevron Technology Ventures and Energy Impact Partners.
Transaction Overview
Company Name
Announced On
5/20/2021
Transaction Type
Venture Equity
Amount
$27,500,000
Round
Series B
Investors
Proceeds Purpose
Zap Energy's Series B round to fuel development of its fusion reactor that can become one of the key enablers for a sustainable global energy future.
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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