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Thea Energy raises $20M Series A for pixel-inspired fusion power plants

PRIVATEFeb 08, 2024

Amount Raised

$20 Million

Round Type

Series A

PrincetonEnergyRenewable Energy

Investors

Starlight VenturesOrion Industrial VenturesMercator PartnersLowercarbon CapitalHitachi VenturesAnglo American11.2 CapitalPrelude Ventures

Description

Thea Energy has raised a $20 million Series A round led by Prelude Ventures with participation from 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures for their pixel-inspired fusion power plants.

Quick answer

Thea Energy raised $20 Million in a Series A round, dated February 8, 2024. Investors: Starlight Ventures, Orion Industrial Ventures, Mercator Partners, Lowercarbon Capital, Hitachi Ventures, Anglo American, 11.2 Capital and Prelude Ventures. Thea Energy is based in Princeton, New Jersey, United States.

How much did Thea Energy raise?
Thea Energy raised $20 Million in a Series A round on February 8, 2024.
Who invested in Thea Energy?
Starlight Ventures, Orion Industrial Ventures, Mercator Partners, Lowercarbon Capital, Hitachi Ventures, Anglo American, 11.2 Capital and Prelude Ventures are named as investors in this round.
What does Thea Energy do?
Thea Energy Inc. is a fusion energy company focused on leveraging recent breakthroughs in stellarator physics and engineering to create a faster, simpler approach to commercializing fusion energy.
Where is Thea Energy based and how big is it?
Thea Energy is based in Princeton, New Jersey, United States. Fundz records about 98 employees.
Who are the decision-makers at Thea Energy?
Fundz holds 2 contacts at Thea Energy, including the Head of People. 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 Thea Energy that raised within 45 days of this round, from Fundz verified event records.

  • BLIXT raised $5.4M (Seed) on March 21, 2024.
  • Natrion raised $4.4M (Seed) on March 20, 2024.
  • e-peas raised $19M (Funding Round) on March 20, 2024.
  • Blue Laser Fusion raised $38M (Seed) on March 20, 2024.
  • Novocarbo raised $27M (Funding Round) on March 19, 2024.
  • Greenalia raised $200M (Funding Round) on March 19, 2024.

Who to call at Thea Energy, and when

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

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Company Information

Company

Thea Energy

Location

Princeton, New Jersey, United States

About

Thea Energy Inc. is a fusion energy company focused on leveraging recent breakthroughs in stellarator physics and engineering to create a faster, simpler approach to commercializing fusion energy. They are reinventing the stellarator using computer-controlled arrays of planar coils, thus eliminating the intricate, complex modular magnets required in all other proposed stellarator architectures.

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Related People

2 contacts
Verified contactsRoseanne D., Head of People hiddenSee plans and pricing
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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

Thea Energy 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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