Fundz

South 8 Technologies Secures Strategic Investment From Lockheed Martin Ventures

PRIVATEAug 16, 2023

Round Type

Corporate Round

San DiegoManufacturingEnergySustainabilityNatural Resources

Investors

Anzu PartnersFoothill VenturesLG Technology VenturesLockheed Martin Ventures

Description

South 8 Technologies, Inc., the San Diego cleantech company innovating safer and higher performance electrolytes for the next generation of lithium-ion batteries, has closed a strategic investment with Lockheed Martin Ventures, the venture arm of Lockheed Martin (NYSE:LMT), a global leader in defense and aerospace technology, with participation from current South 8 investors LG Technology Ventures, Foothill Ventures and Anzu Partners.

Quick answer

South 8 Technologies raised an undisclosed amount in a Corporate Round round, dated August 16, 2023. Investors: Anzu Partners, Foothill Ventures, LG Technology Ventures and Lockheed Martin Ventures. South 8 Technologies is based in San Diego, California, United States.

How much did South 8 Technologies raise?
South 8 Technologies raised an undisclosed amount in a Corporate Round round on August 16, 2023.
Who invested in South 8 Technologies?
Anzu Partners, Foothill Ventures, LG Technology Ventures and Lockheed Martin Ventures are named as investors in this round.
What does South 8 Technologies do?
South 8 Technologies began operations in 2016 as a spin out of UC San Diego where the founding team developed its breakthrough new Liquefied Gas Electrolyte (LiGas®) chemistry for next-generation lithium batteries.
Where is South 8 Technologies based and how big is it?
South 8 Technologies is based in San Diego, California, United States.
Who are the decision-makers at South 8 Technologies?
Fundz holds 1 contact at South 8 Technologies. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as South 8 Technologies that raised within 45 days of this round, from Fundz verified event records.

  • BKV Corporation raised $150M on September 26, 2023.
  • Yotta Energy raised $8M (Funding Round) on September 19, 2023.
  • Erthos raised $24M on September 11, 2023.
  • Erthos raised $15M on August 31, 2023.
  • RAVEN SR raised an undisclosed amount (Funding Round) on July 25, 2023.
  • Hyperion Companies raised $200K (Seed) on September 22, 2023.

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Company Information

Company

South 8 Technologies

Location

San Diego, California, United States

About

South 8 Technologies began operations in 2016 as a spin out of UC San Diego where the founding team developed its breakthrough new Liquefied Gas Electrolyte (LiGas®) chemistry for next-generation lithium batteries. Its patented technology enables a substantial increase in energy, improved safety, and an exceptionally wide operating temperature. Leveraging conventional materials and manufacturing, South 8 Technologies offers a unique solution for a variety of e-mobility, energy storage, and industrial applications.

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