All Updates

All Updates

icon
Filter
Funding
Quaise Energy raises additional USD 12 million in Series A funding
Alternative Energy
Jun 8, 2022
This week:
Partnerships
Intuitive AI partner with Moda Center to implement Oscar Sort recycling technology
Waste Recovery & Management Tech
Yesterday
Management news
Funding
Minze Health raises USD 5.3 million in funding for product and market expansion; appoints new VP
Preventive Healthcare
Yesterday
Partnerships
Firefly Aerospace partners with True Anomaly for Space Force rapid-response mission launches
Space Travel and Exploration Tech
Yesterday
Funding
zkPass raises USD 12.5 million in Series A funding
Enterprise Blockchain Solutions
Yesterday
Partnerships
Ontada partners with Microsoft to process unstructured oncology data using Azure AI
Clinical Trial Technology
Yesterday
Product updates
Burcon unveils canola protein isolate for egg replacement
Plant-based Dairy & Egg
Yesterday
Product updates
Bene Meat Technologies produces first cultivated burger at parity with premium beef
Cell-cultured Meat
Yesterday
Geographic expansion
Regulation/policy
The Better Meat Co. expands to Asia with Singapore approval for Rhiza mycoprotein
Plant-based Meat
Yesterday
Listing
Pony.ai files for US IPO
Auto Tech
Yesterday
Product updates
MineOS launches DSR management 2.0
Digital Privacy Tools
Yesterday
Alternative Energy

Alternative Energy

Jun 8, 2022

Quaise Energy raises additional USD 12 million in Series A funding

Funding

  • Quaise, a geothermal energy startup, raised an additional USD 12 million, expanding its previously announced Series A funding round from USD 40 million to USD 52 million. The round was led by TechEnergy Ventures. 

  • The funds will be utilized to build field-deployable machinery to demonstrate Quaise’s millimeter-wave drilling technology and to enter into strategic partnerships, scaling up its operations. 

  • New investors including HostPlus, Prelude Ventures, Safar Partners, and Xplorer Capital also participated in the round. 

<ul><li> Analyst QuickTake: The round brings Quaise’s total funding to USD 75 million. In February 2022, the company raised USD 40 million in its initial Series A funding round led by Safar Partners. The funds were utilized for product development and team expansion.</ul>

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.