First Mode Secures $200 Million In Funding From Anglo American And Combines With Nugen Team
Amount Raised
$200 Million
Round Type
Funding Round
Description
First Mode, a global carbon reduction company focused on heavy industry, and global mining company Anglo American have signed a binding agreement to combine First Mode and Anglo American's nuGenTM zero emission haulage solution to accelerate the transition of mining and other heavy industries to diesel-free futures. The transaction, which is expected to close in January 2023, values the newly combined business in the order of US$1.5 billion and includes a $200 million equity injection from Anglo American.
Quick answer
First Mode raised $200 Million in a Funding Round round, dated December 7, 2022.
- How much did First Mode raise?
- First Mode raised $200 Million in a Funding Round round on December 7, 2022.
- What does First Mode do?
- First Mode develops and manufactures decarbonization solutions for heavy industry partners dedicated to the clean energy future.
- Where is First Mode based and how big is it?
- Fundz records about 201 employees.
- Who are the decision-makers at First Mode?
- Fundz holds 1 contact at First Mode. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as First Mode that raised within 45 days of this round, from Fundz verified event records.
- Lithos Energy raised an undisclosed amount on January 6, 2023.
- Caban raised $51M (Series B) on January 4, 2023.
- TECO2030 raised an undisclosed amount (Corporate Round) on November 14, 2022.
- Sabanto raised an undisclosed amount on November 4, 2022.
- United Energy Corporation raised an undisclosed amount (Funding Round) on October 26, 2022.
- Eos Energy Enterprises raised $14M on January 19, 2023.
Who to call at First Mode, and when
A new round usually means First Mode is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day First Mode raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at First Mode, from your own LinkedIn network
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Fundz sees it the moment First Mode raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
First Mode 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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