Torus is a renewable energy company which offers energy storage and management solutions to businesses and individuals. Their product line includes the Torus Flywheel™, designed to smooth grid frequency, and the Torus BESS, a chemical battery for power storage. To complement these hardware solutions, Torus also provides energy management software aimed at optimizing performance and maximizing cost savings for users. This company was founded by Nate Walkingshaw and Gilbert Lee in 2021 and is headquartered in South Salt Lake, UT.

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Can you invest in Torus pre-IPO?

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Can you sell shares of Torus before it goes public?

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Is Torus a publicly traded company?

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To learn more about Torus potential IPO

Will Torus go IPO?

Torus has not yet filed for an IPO. However, it’s important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.

What is Torus’ IPO price?

The Torus IPO price does not exist at this time, as Torus is still a private company and has not yet conducted an IPO. To explore secondary market data and access private market pricing details and data that may be related to Torus register for Forge Markets, today.

When was Torus founded?

Torus was founded in 2021.

What is Torus funding to date?

Torus has raised $65.69MM to date.

Who are Torus’s major investors?

Origin Ventures
The Larry H. Miller Company
Zions Bank
Iconiq
Convoi Ventures
Pelion
Epic Ventures
Remarkable Ventures
Cumming Capital

Torus Funding Rounds and Valuation

Funding History Chart
Funding Round Details
Funding Date Share Class Amount Raised Price per Share Post-Money Valuation Key Investors
04/03/2024 Series A-4 $1.4MM $xx.xx $264.52MM Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Price per Share
$xx.xx
Shares Outstanding
3,500,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
04/03/2024 Series A-3 $1MM $xx.xx $264.52MM Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Price per Share
$xx.xx
Shares Outstanding
3,288,185
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
04/03/2024 Series A-2 $19.07MM $xx.xx $264.52MM Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Price per Share
$xx.xx
Shares Outstanding
13,065,948
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
04/03/2024 Series A-1 $14.2MM $xx.xx $264.52MM Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Price per Share
$xx.xx
Shares Outstanding
27,340,120
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
04/03/2024 Series A $30.02MM $xx.xx $264.52MM Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Price per Share
$xx.xx
Shares Outstanding
16,449,914
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Origin Ventures, Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion, ICONIQ
Updated on: Nov 21, 2024

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