Fervo Energy raised $244M in a funding series TBD led by Devon Energy Corp. and Glean raised $200M in a funding series D led by Kleiner Perkins and Lightspeed Venture Partners.
Amount Raised
$542
Round Type
Series D
HoustonEnergyRenewable EnergySolarInvestors
Description
Fervo Energy, a geothermal developer, locked up a big $244 million round led by shale oil and gas firm Devon Energy Corp. The new cash will support Fervo’s new drilling operations in Utah — which will begin delivering clean electricity to the grid in 2026. Glean, an AI-enhanced work assistant and enterprise search startup, locked up a more than $200 million Series D at a $2.2 billion valuation in a round led by Kleiner Perkins and Lightspeed Venture Partners.
Quick answer
Fervo Energy raised $542 in a Series D round, dated March 1, 2024. Investors: Lightspeed Venture Partners, Kleiner Perkins and Devon Energy Corp. Fervo Energy is based in Houston, Texas, United States.
- How much did Fervo Energy raise?
- Fervo Energy raised $542 in a Series D round on March 1, 2024.
- Who invested in Fervo Energy?
- Lightspeed Venture Partners, Kleiner Perkins and Devon Energy Corp. are named as investors in this round.
- What does Fervo Energy do?
- Fervo Energy provides 24/7 carbon-free energy through the development of next-generation geothermal power.
- Where is Fervo Energy based and how big is it?
- Fervo Energy is based in Houston, Texas, United States.
- Who are the decision-makers at Fervo Energy?
- Fundz holds 2 contacts at Fervo Energy, including the Head of Asset Management. 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 Fervo Energy that raised within 45 days of this round, from Fundz verified event records.
- zolar raised $108M (Funding Round) on April 8, 2024.
- MN8 Energy Holdings raised $325M (Post-IPO Equity) on April 1, 2024.
- Lightyears Solar raised $6M (Funding Round) on March 26, 2024.
- Niko Energy raised $3.3M (Seed) on March 14, 2024.
- Enviria raised $200M (Series B) on February 29, 2024.
- SunPower raised $300M (Funding Round) on February 23, 2024.
Who to call at Fervo Energy, and when
A new round usually means Fervo Energy is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Fervo Energy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Fervo Energy, from your own LinkedIn network
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