torus.coEnergy / Clean EnergyFounded: 2021Funding to Date: $65.69MM
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.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
04/03/2024 | Series A-3 | $1MM | $xx.xx | $264.52MM | Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank | |
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
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank
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04/03/2024 | Series A-4 | $1.4MM | $xx.xx | $264.52MM | Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank | |
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
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank
|
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04/03/2024 | Series A-1 | $14.2MM | $xx.xx | $264.52MM | Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank | |
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
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank
|
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04/03/2024 | Series A-2 | $19.07MM | $xx.xx | $264.52MM | Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank | |
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
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank
|
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04/03/2024 | Series A | $30.02MM | $xx.xx | $264.52MM | Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank | |
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
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Cumming Capital, Epic Ventures, Iconiq, Origin Ventures, Pelion, The Larry H. Miller Company, Zions Bank
|