Tech Company Financing Transactions

Quaise Funding Round

Prelude Ventures, Safar & Partners and Mitsubishi Corporation joined a $21 million Series A venture round for Quaise. The financing round was announced by the company on 3/12/2024.

Transaction Overview

Company Name
Announced On
3/12/2024
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors

Prelude Ventures (Lead Investor) (Mark Cupta)

Safar & Partners (Lead Investor) (Arunas Chesonis)

Mitsubishi Corporation

Standard Investments

Proceeds Purpose
The company intends to use the funds to enhance its field operations and strengthen its supply chain position, while ongoing product development will continue with pre-existing capital.

Company Information

Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
501 Massachusetts Ave.
Cambridge, MA 02139
USA
Email Address
Overview
We are developing the enabling technologies to unlock this energy source on a global scale. Drilling technologies to reach down to 20 km below the surface and place this energy source within the reach of all humanity. Reservoir technologies to safely and predictably release this energy with the power densities of fossil fuels.
Profile
Quaise LinkedIn Company Profile
Social Media
Quaise Company Twitter Account
Company News
Quaise News
Facebook
Quaise on Facebook
YouTube
Quaise 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
VP - Engineering
Henry Phan
  Henry Phan LinkedIn Profile  Henry Phan Twitter Account  Henry Phan News  Henry Phan on Facebook
VP - R & D
Franck Monmont
  Franck Monmont LinkedIn Profile  Franck Monmont Twitter Account  Franck Monmont News  Franck Monmont on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/12/2024: Grupago venture capital transaction
Next: 3/12/2024: Spacely AI venture capital transaction

 

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Where The Data Comes From

We record funding rounds that are announced publicly. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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