Torus, Inc. raised $67 million in venture financing led by Origin Ventures to advance energy storage and energy management platform.
Amount Raised
$67 Million
Round Type
Funding Round
South Salt LakeEnergyRenewable Energyoil & energyInvestors
Description
Torus has successfully completed an equity fundraising round, raising a total of $67 million in new equity, conversion of outstanding notes, and a loan facility. The funding round was led by Origin Ventures and also saw contributions from notable institutional investors such as Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, and ICONIQ. Torus plans to use the funds to deepen its energy solutions portfolio in the commercial and large-scale utility sectors and add critical talent to the team.
Quick answer
Torus raised $67 Million in a Funding Round round, dated April 3, 2024. Investors: Iconiq, Pelion, Zions Bank, The Larry H. Miller Company, Cumming Capital, Epic Ventures and Origin Ventures. Torus is based in South Salt Lake, Utah, United States.
- How much did Torus raise?
- Torus raised $67 Million in a Funding Round round on April 3, 2024.
- Who invested in Torus?
- Iconiq, Pelion, Zions Bank, The Larry H. Miller Company, Cumming Capital, Epic Ventures and Origin Ventures are named as investors in this round.
- What does Torus do?
- Torus is building America’s next generation of power infrastructure.
- Where is Torus based and how big is it?
- Torus is based in South Salt Lake, Utah, United States. Fundz records about 130 employees.
- Who are the decision-makers at Torus?
- Fundz holds 2 contacts at Torus, including the CMO, Co-founder. 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 Torus that raised within 45 days of this round, from Fundz verified event records.
- Companion.energy raised $2.3M (Seed) on May 17, 2024.
- Caeli Wind raised $12M (Series A) on May 16, 2024.
- Matel raised $4M (Seed) on May 16, 2024.
- trawa raised $11M (Seed) on May 15, 2024.
- Piersica raised an undisclosed amount (Grant) on May 13, 2024.
- i2Cool raised $13M (Series A) on May 13, 2024.
Who to call at Torus, and when
A new round usually means Torus is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Torus raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Torus, from your own LinkedIn network
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Related People
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