General Galactic raised $8M in seed funding led by Harpoon Ventures and Refactor Capital to accelerate the development of its Genesis technology for fossil-free fuel generation.
Nov 12, 2024•about 1 year ago
Amount Raised
$8 Million
Round Type
seed
Investors
Climate CapitalImpact FirstPlug And PlaySeraphimBox GroupPathbreakerRefactor CapitalHarpoon Ventures
Description
General Galactic, a fossil-free fuel generation technology company based in El Segundo, CA, closed an $8 million seed funding round. The company aims to use the funds to enhance its technology that converts industrial CO2 waste into natural gas.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers