The Week’s 10 Biggest Funding Rounds: Clean Energy Cleans Up As Lunar And Fervo Raise Large Rounds
Summary
Mountain View, California-based Lunar Energy said it has closed $300 million of investment over two rounds in the past two years as it quietly worked in stealth. The company is led by former Tesla executive Kunal Girotra, and in two years has built a team of nearly 250 employees and is attempting to build the full ecosystem of hardware and software needed to make homes completely energy independent by creating, storing and using the power they themselves generate. The startup plans to use the new cash to build, own and operate its own carbon-free, geothermal power plants using techniques such as horizontal drilling and distributed fiber optic sensing to reach and use reservoirs of hot rock beneath the earths surface. Alma is a membership-based platform that allows independent therapists who run their own practices deal with administrative tasks like setting up insurance and billing. Qatar Investment Authority led the extension.We tracked the largest rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of Aug. 20 to 26.
Funding
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