Tech Company Financing Transactions
Fourth Power Funding Round
Fourth Power, based in Cambridge, secured $19 million from DCVC, Black Venture Capital Consortium and Breakthrough Energy Ventures.
Transaction Overview
Company Name
Announced On
12/12/2023
Transaction Type
Venture Equity
Amount
$19,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
1 Broadway
Cambridge, MA 02142
USA
Cambridge, MA 02142
USA
Phone
Website
Email Address
Overview
From a young age, Asegun Henry -- founder and CTO of Fourth Power -- was concerned about the impacts of climate change. Bothered by the financial and environmental cost of fossil-fuel-derived electricity, he was determined to discover a sustainable solution to provide accessible and reliable carbon-free power. After conducting years of R&D in his labs at MIT and Georgia Tech, Henry achieved his breakthrough -- and thus, sparked Fourth Power into existence.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arvin Ganesan
Chief Technical Officer
Asegun Henry
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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