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Dig Energy, a Manchester-based drilling technology firm, raised $5M in funding led by Azolla Ventures and Avila VC to advance its geothermal technology.

PRIVATESep 12, 2025

Amount Raised

$5 Million

Round Type

Funding Round

ManchesterEnergyRenewable Energy

Investors

Conifer Infrastructure PartnersSuffolk TechnologiesMercator PartnersKoa LabsBaukunstDrew ScottAzolla VenturesAvila VC

Description

Dig Energy, a Manchester, NH-based drilling technology company, raised $5M in funding. The round was led by Azolla Ventures and Avila VC, with participation from several investors. The company intends to use the funds to advance from field testing into its first pilot installations. Dig Energy's technology aims to make geothermal heating and cooling systems more cost competitive with fossil fuels.

Quick answer

Dig Energy raised $5 Million in a Funding Round round, dated September 12, 2025. Investors: Conifer Infrastructure Partners, Suffolk Technologies, Mercator Partners, Koa Labs, Baukunst, Drew Scott, Azolla Ventures and Avila VC. Dig Energy is based in Manchester, England, United Kingdom.

How much did Dig Energy raise?
Dig Energy raised $5 Million in a Funding Round round on September 12, 2025.
Who invested in Dig Energy?
Conifer Infrastructure Partners, Suffolk Technologies, Mercator Partners, Koa Labs, Baukunst, Drew Scott, Azolla Ventures and Avila VC are named as investors in this round.
What does Dig Energy do?
Dig Energy is a Manchester, NH-based drilling technology company focused on developing purpose-built drilling technology for geothermal heating and cooling systems.
Where is Dig Energy based and how big is it?
Dig Energy is based in Manchester, England, United Kingdom.
Who are the decision-makers at Dig Energy?
Fundz holds 1 contact at Dig Energy. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Dig Energy that raised within 45 days of this round, from Fundz verified event records.

  • HYDGEN raised $5M (Pre-Series A) on October 27, 2025.
  • Tamboran Resources Corporation raised $56M (Post-IPO Equity) on October 24, 2025.
  • Redwood Materials raised $350M (Series E) on October 23, 2025.
  • MarkeDroid raised $348K (Funding Round) on October 23, 2025.
  • Sizable Energy raised $8M (Funding Round) on October 22, 2025.
  • Peregrine Energy Solutions raised $130M (Funding Round) on October 22, 2025.

Who to call at Dig Energy, and when

A new round usually means Dig Energy is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Dig Energy

Location

Manchester, England, United Kingdom

About

Dig Energy is a Manchester, NH-based drilling technology company focused on developing purpose-built drilling technology for geothermal heating and cooling systems. Led by CEO Dulcie Madden, the company aims to make geothermal solutions cost competitive with fossil fuels. The company's innovations significantly reduce drilling costs, facilitating greater adoption of energy-efficient HVAC solutions. Dig has received support from various programs, including Suffolk Technologies’ BOOST accelerator and the U.S. Department of Energy’s EPIC Prize.

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Dig Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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