Fundz

Metox Closes $23 Million Series A Round To Build Advanced Hts Production System

PRIVATEDec 15, 2021

Amount Raised

$23 Million

Round Type

Series A

HoustonManufacturingMedia And Entertainment

Description

MetOx Technologies, Inc., a Houston-based manufacturer of high temperature superconducting (HTS) wire, today announced the completion of a $23 million Series A funding round. Proceeds from the round will allow the company to construct an advanced production facility, with the expected capacity to produce approximately 1,200 kilometres per year of high-temperature superconducting wire (HTS), doubling 2020’s global supply of magnet wire.

Quick answer

Metox raised $23 Million in a Series A round, dated December 15, 2021. Metox is based in Houston, Texas, United States.

How much did Metox raise?
Metox raised $23 Million in a Series A round on December 15, 2021.
What does Metox do?
Based in Houston, Texas, MetOx is a manufacturer of high temperature superconducting wire (HTS) using an enhanced and patented manufacturing process to produce and sell large quantities of HTS at prices supporting the..
Where is Metox based and how big is it?
Metox is based in Houston, Texas, United States.

Source: Fundz verified event record.

Who else raised in Media And Entertainment and Manufacturing around the same time

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

  • Sway raised $2.5M (Seed) on January 19, 2022.
  • Hadrian raised $36M on January 7, 2022.
  • Union Tech raised $30M (Series D) on January 5, 2022.
  • Sway raised $2.5M (Seed) on November 4, 2021.
  • B2Digital, Inc. raised $34K (Seed) on January 28, 2022.
  • Hyperion Companies raised $750K (Seed) on January 28, 2022.

Who to call at Metox, and when

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

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Company Information

Company

Metox

Location

Houston, Texas, United States

About

Based in Houston, Texas, MetOx is a manufacturer of high temperature superconducting wire (HTS) using an enhanced and patented manufacturing process to produce and sell large quantities of HTS at prices supporting the widespread use of this advanced material. For more information, please visit: www.metoxtech.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Metox 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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