Startup Trends: 5 top funded startups of Q4 2024
Five firms from various industries — Form Energy, Physical Intelligence, Lightmatter, Beta Technologies and Writer — ranked among the highest in fundraising for the fourth quarter of 2024.
formenergy.comEnergy / Energy StorageFounded: 2017Funding to Date: $2.93B
Form Energy is a US-based energy storage technology and manufacturing business. They are developing an iron-air battery capable of storing 100 hours of electricity using renewable energy. Form Energy, formerly known as Baseload Renewables, was founded by Mateo Jaramillo, Theodore Wiley, William Woodford, Dr. Marco Ferrara, and Dr. Yet-Ming Chiang in 2017 and is headquartered in Somerville, MA.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
10/09/2024 | Series F | $405MM | $xx.xx | $3.42B | Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Claure Group, Coatue, Energy Impact Partners, Engine Ventures, GE Vernova, Gic, Gigascale Capital, Ngp Energy Technology Partners, Prelude Ventures, Temasek, Tpg Rise Climate Fund, T. Rowe Price Associates, Vamosventures | |
Price per Share
$xx.xx
Shares Outstanding
16,746,679
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Claure Group, Coatue, Energy Impact Partners, Engine Ventures, GE Vernova, Gic, Gigascale Capital, Ngp Energy Technology Partners, Prelude Ventures, Temasek, Tpg Rise Climate Fund, T. Rowe Price Associates, Vamosventures
|
||||||
10/04/2022 | Series E | $455MM | $xx.xx | $1.84B | Arcelormittal, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, Gic, Ngp Energy Technology Partners, Prelude Ventures, Temasek, The Engine, Vamosventures | |
Price per Share
$xx.xx
Shares Outstanding
24,761,078
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arcelormittal, Breakthrough Energy Ventures, Canada Pension Plan Investment Board, Capricorn Investment Group, Coatue, Energy Impact Partners, Gic, Ngp Energy Technology Partners, Prelude Ventures, Temasek, The Engine, Vamosventures
|
||||||
08/25/2021 | Series D | $252.5MM | $xx.xx | $1.28B | Arcelormittal | |
Price per Share
$xx.xx
Shares Outstanding
13,948,877
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Arcelormittal
|
||||||
11/13/2020 | Series C | $82.9MM | $xx.xx | $338.71MM | Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Eni Next, Macquarie Asset Management, Ngp Energy Technology Partners, Prelude Ventures, Temasek | |
Price per Share
$xx.xx
Shares Outstanding
13,086,639
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, Eni Next, Macquarie Asset Management, Ngp Energy Technology Partners, Prelude Ventures, Temasek
|
||||||
08/23/2019 | Series B | $40.17MM | $xx.xx | $111.81MM | Breakthrough Energy Ventures, Capricorn Investment Group, Engine Ventures, Eni Next, Macquarie Asset Management, Prelude Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,972,516
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Breakthrough Energy Ventures, Capricorn Investment Group, Engine Ventures, Eni Next, Macquarie Asset Management, Prelude Ventures
|
||||||
06/18/2018 | Series A | $10.96MM | $xx.xx | $31.31MM | Blindspot Ventures, Breakthrough Energy Ventures, Engine Ventures, Prelude Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,695,444
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Blindspot Ventures, Breakthrough Energy Ventures, Engine Ventures, Prelude Ventures
|
Five firms from various industries — Form Energy, Physical Intelligence, Lightmatter, Beta Technologies and Writer — ranked among the highest in fundraising for the fourth quarter of 2024.
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