Tech Company Financing Transactions

Quaise Energy Funding Round

Quaise Energy, based in Cambridge, secured $40 million from Safar & Partners, Collaborative Fund and Fine Structure Ventures.

Transaction Overview

Company Name
Quaise Energy
Announced On
2/18/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors

Safar & Partners (Lead Investor) (Arunas Chesonis)

Collaborative Fund

Fine Structure Ventures (Allison Hinckley)

Nabors Industries

Prelude Ventures (Mark Cupta)

The Engine

Proceeds Purpose
The funding will be used to accelerate product development. The company will build field-deployable drilling machines to demonstrate the capabilities of this novel drilling technology in the field by 2024.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Phone
(787) 400-2277
Website
www.quaise.com
Email Address
[email protected]
Overview
Our work is a necessity, not an option. Deep geothermal energy is at the core of an energy-independent world. Our mission is to bring this inexhaustible, renewable, clean energy source to future generations. This is the profound power of deep geothermal. We are unlocking energy for all.
Profile
Quaise Energy LinkedIn Company Profile
Social Media
Quaise Energy Company Twitter Account
Company News
Quaise Energy News
Facebook
Quaise Energy on Facebook
YouTube
Quaise Energy on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Carlos Araque
  Carlos Araque LinkedIn Profile  Carlos Araque Twitter Account  Carlos Araque News  Carlos Araque on Facebook
Chief Financial Officer
Kevin Bonebrake
  Kevin Bonebrake LinkedIn Profile  Kevin Bonebrake Twitter Account  Kevin Bonebrake News  Kevin Bonebrake on Facebook
VP - Administration
Matthew Houde
  Matthew Houde LinkedIn Profile  Matthew Houde Twitter Account  Matthew Houde News  Matthew Houde on Facebook
VP - Bus. Development
Trenton Cladouhos
  Trenton Cladouhos LinkedIn Profile  Trenton Cladouhos Twitter Account  Trenton Cladouhos News  Trenton Cladouhos on Facebook
VP - Engineering
Henry Phan
  Henry Phan LinkedIn Profile  Henry Phan Twitter Account  Henry Phan News  Henry Phan on Facebook
VP - Marketing
Diane Hughes
  Diane Hughes LinkedIn Profile  Diane Hughes Twitter Account  Diane Hughes News  Diane Hughes on Facebook
VP - Operations
Geoffrey Garrison
  Geoffrey Garrison LinkedIn Profile  Geoffrey Garrison Twitter Account  Geoffrey Garrison News  Geoffrey Garrison on Facebook
VP - R & D
Franck Monmont
  Franck Monmont LinkedIn Profile  Franck Monmont Twitter Account  Franck Monmont News  Franck Monmont on Facebook

 

 

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Next: 2/18/2022: Alma SAS venture capital transaction

 

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