FinTechFunding

Zap Energy: Raises $27.5M in Series B Funding

  • Zap Energy, a Seattle WA-based company that specializes in fusion energy technology, raised $27.5m in Series B funding
  • The round was led by Addition, with participation from Energy Impact Partners, GA Capital and Fourth Realm, Chevron Technology Ventures and LowerCarbon Capital
  • The company also intends to use the funds to advance its reactor technology
  • Zap Energy is advancing sheared-flow stabilized (SFS) Z-pinch reactor which requires no magnetic fields or auxiliary heating
  • The technology builds on work first pioneered by the FuZE team at University of Washington together with Lawrence Livermore National Laboratory
  • Zap Energy is based in Seattle, WA
Previous article
Waffle: Closes $5M Seed Funding Round
Next article
Avatour: Raises $2.9M in Seed Funding
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...
FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...