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Primus Power

Primus Power
2009 FOUNDED
PRIVATE STATUS
21-30 EMPLOYEES
Series E LATEST DEAL TYPE
$32M LATEST DEAL AMOUNT
15 INVESTORS
Description

Manufacturer of flow batteries designed to produce energy at lower cost. The company's flow batteries are stationary fossil-based energy storage systems with a distributed, multi-hour system that serves to multiple storage applications, enabling end-users to meet peak power needs at any time of the day using low-cost, long-life and long-duration energy storage systems.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Energy Storage
Primary Office
3967 Trust Way
Hayward, CA 94545
United States

+1 (510) 000-0000
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Primus Power Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC (Series E) 23-Mar-2017 $32M 00000 00000 Completed Generating Revenue
9. Later Stage VC (Series D) 31-Oct-2016 0000 000.00 Completed Generating Revenue
8. Later Stage VC (Series D) 31-Jul-2015 0000 000.00 0000 Completed Generating Revenue
7. Later Stage VC (Series C) 04-Feb-2014 0000 000.00 0000 Completed Startup
6. Grant 01-May-2012 00.00 000.00 Completed Startup
5. Corporate 01-Jun-2011 000 000.00 Completed Startup
4. Early Stage VC (Series B) 31-May-2011 0000 000.00 0000 Completed Startup
3. Grant 01-Jan-2010 000 00.00 Completed Startup
2. Grant 23-Nov-2009 $15M $4.1M Completed Startup
1. Early Stage VC (Series A) 04-Aug-2009 $4.1M $4.1M 00.000 Completed Startup
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Primus Power Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series E 000,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series D 000,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series C1 00,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series B 12,628,367 $0.000100 8% $0.88 $0.88 1x $0.88 2.87%
Series A 8,970,109 $0.000100 8% $0.46 $0.46 1x $0.46 2.04%
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Primus Power Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Success Dragon International Holdings Corporation Minority 000 0000 000000 0
Matador Capital Partners Other Minority 000 0000 000000 0
TriplePoint Capital Venture Capital Minority 000 0000 000000 0
Kazyna Capital Management Fund of Funds Minority 000 0000 000000 0
Rusnano Venture Capital Minority 000 0000 000000 0
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Primus Power Executive Team (11)

Name Title Board
Seat
Contact
Info
Tom Stepien Co-Founder, Chief Executive Officer & Board Member
Paul Kreiner Vice President, Engineering
Mark Collins Vice President of Operations
Hossein Kazemi Vice President of System Engineering
G.J. La O' Ph.D Vice President of Technology

5 Former Executives

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Primus Power Board Members (7)

Name Representing Role Since Contact
Info
Alfred Lam Ph.D Chrysalix Venture Capital Board Observer 000 0000
Ilya Golubovich I2BF Global Ventures Board Member 000 0000
Nancy Pfund DBL Partners Board Member 000 0000
Richard Willis Anglo American Platinum Board Member 000 0000
Tom Stepien Primus Power Co-Founder, Chief Executive Officer & Board Member 000 0000

2 Former Board Members

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