Tech Company Financing Transactions
Mantle Energy Funding Round
17Shoals and private investors participated in a $5 million Seed funding round for Mantle Energy. The financing was announced on 6/16/2026.
Transaction Overview
Company Name
Announced On
6/16/2026
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
17Shoals (Lead Investor)
Proceeds Purpose
The company intends to use the funds to scale its internal engineering teams, secure key strategic partnerships, and finalize the operational logistics for its upcoming subsurface pilot deployments.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
1900 North Akard Street
Dallas, TX 75201
USA
Dallas, TX 75201
USA
Phone
Website
Email Address
Not Recorded
Overview
Mantle Energy, Inc. is a Dallas-based transitional clean-tech startup that specializes in converting depleted oil and gas wells into a source of clean, continuous geothermal electricity. The company utilizes controlled underground combustion within existing shale formations to actively generate geothermal-grade temperatures. The system is designed to trap and store the carbon emissions generated from the combustion process securely underground.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Franks
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Where The Data Comes From
Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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