Tech Company Financing Transactions
Verdagy Funding Round
On 8/8/2023, Verdagy raised $73 million in Series B funding from Shell Ventures, Temasek Holdings and Bidra Innovation Ventures.
Transaction Overview
Company Name
Announced On
8/8/2023
Transaction Type
Venture Equity
Amount
$73,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the launch and commercialization of its eDynamic® 20 megawatt (MW) electrolyzer module, which will serve as a fundamental unit to future systems at the 200MW scale and beyond.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
11500 Dolan Road
Moss Landing, CA 95039
USA
Moss Landing, CA 95039
USA
Phone
Undisclosed
Website
Email Address
Overview
Verdagy is an early-stage growth company with proven technology and experienced leaders. The core team has been together for years and has been working non-stop with every aspect of the technology. With Verdagy's financial backing secured, and additions to the team with expertise in scale-up and high growth, we are ready to change the green hydrogen electrolyzer market.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Marty Neese
Chief Operating Officer
Peter Cousins
Chief Technical Officer
Tom McWaid
VP - Finance
April Men
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