CleanJoule Raises $50M in Series A

CleanJoule has successfully raised $50M in a Series A at a $250M valuation led by Breakthrough Energy Ventures, United Airlines.

Company Overview

CleanJoule is a Energy company headquartered in Salt Lake City, UT, founded in 2022 with 70+ employees.

Sustainable aviation fuel developer using waste biomass

Fundraising Details

Amount Raised: $50M
Round Type: Series A
Valuation: $250M
Date: 2024-09-21
Investors: Breakthrough Energy Ventures, United Airlines

About CleanJoule

Sustainable aviation fuel developer using waste biomass The company is positioned in the Energy sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Salt Lake City, UT
Founded: 2022
Team Size: 70+
Industry: Energy

What This Means

This funding round demonstrates strong investor confidence in CleanJoule's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Energy sector continues to attract significant investment as companies innovate to meet evolving market demands. CleanJoule's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $250M valuation marks an important milestone for CleanJoule, positioning the company among notable players in the Energy industry.

Looking Ahead

With this new capital, CleanJoule is well-positioned to execute on its growth strategy and continue building innovative solutions in the Energy space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-21. For more information about CleanJoule, visit their headquarters at Salt Lake City, UT.

CleanJoule