Zap Energy Raises $130M in Series D

Zap Energy has successfully raised $130M in a Series D at a $650M valuation led by Breakthrough Energy Ventures, Chevron.

Company Overview

Zap Energy is a Energy company headquartered in Everett, WA, founded in 2017 with 150+ employees.

Developing compact fusion power technology without magnets or lasers

Fundraising Details

• Amount Raised: $130M
• Round Type: Series D
• Valuation: $650M
• Date: 2024-09-14
• Investors: Breakthrough Energy Ventures, Chevron

About Zap Energy

Developing compact fusion power technology without magnets or lasers The company is positioned in the Energy sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Everett, WA
• Founded: 2017
• Team Size: 150+
• Industry: Energy

What This Means

This funding round demonstrates strong investor confidence in Zap Energy'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. Zap Energy's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $650M valuation marks an important milestone for Zap Energy, positioning the company among notable players in the Energy industry.

Looking Ahead

With this new capital, Zap Energy 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 2024-09-14. For more information about Zap Energy, visit their headquarters at Everett, WA.