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Foro Energy

Description

Developer of geothermal-energy drilling technology. The company develops technology to open access to the geothermal energy in deep, hard basement rock. It provides capability and hardware platform to transmit high power lasers over long distance fiber optic cables that enables step change performance in applications to drill, complete and work-over wells.

2008

Founded

PRIVATE

Status

11-50

Employees

Early Stage VC

Latest Deal Type

$8M

Latest Deal Amount

$8M

Total Amount Raised

Description

Developer of geothermal-energy drilling technology. The company develops technology to open access to the geothermal energy in deep, hard basement rock. It provides capability and hardware platform to transmit high power lasers over long distance fiber optic cables that enables step change performance in applications to drill, complete and work-over wells.

Website:

www.foroenergy.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Alternative Energy Equipment

Primary Office

5506 Clara Road Houston, TX 77041United States +1 (713) 456-3330
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Foro Energy Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Foro Energy Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Foro Energy Investors (7)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Chevron Technology VenturesCorporate Venture CapitalMinority000 0000000 0000
ConocoPhillips Technology VenturesCorporate Venture CapitalMinority000 0000000 0000
Energy Technology VenturesVenture CapitalMinority000 0000000 0000
Formation 8Venture CapitalMinority000 0000000 0000
GE VenturesCorporate Venture CapitalMinority000 0000000 0000
Chevron Technology Ventures Corporate Venture Capital
ConocoPhillips Technology Ventures Corporate Venture Capital
Energy Technology Ventures Venture Capital
Formation 8 Venture Capital
GE Ventures Corporate Venture Capital

Foro Energy Executive Team (8)

NameTitleBoard
Seat
Contact
Info
Paul DeutchPresident, Chief Executive Officer & Board Member
David BoersmaChief Financial Officer
Brian FairclothChief Technology Officer
Joel Moxley Ph.DFounder, Executive Vice-President, Business Development & Board Member
Mark Zediker Ph.DHead Scientific Advisory Board
Paul Deutch President, Chief Executive Officer & Board Member
David Boersma Chief Financial Officer
Brian Faircloth Chief Technology Officer
Joel Moxley Ph.D Founder, Executive Vice-President, Business Development & Board Member
Mark Zediker Ph.D Head Scientific Advisory Board

Foro Energy Board Members (9)

NameRepresentingRoleSinceContact
Info
Alexei Beltyukov Ph.DSelfBoard Observer000 0000
Carmichael Roberts Ph.DNorth Bridge Venture PartnersGeneral Partner000 0000
Faysal SohailPresidio PartnersManaging Director000 0000
Jeffrey HarrisSelfBoard Member000 0000
Joel Moxley Ph.DForo EnergyFounder, Executive Vice-President, Business Development & Board Member000 0000
Alexei Beltyukov Ph.D Board Observer Self
Carmichael Roberts Ph.D General Partner North Bridge Venture Partners
Faysal Sohail Managing Director Presidio Partners
Jeffrey Harris Board Member Self
Joel Moxley Ph.D Founder, Executive Vice-President, Business Development & Board Member Foro Energy
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