About Fervo Energy
Fervo Energy is a company based in San Francisco (United States) founded in 2017 by Jack Norbeck and Tim Latimer.. Fervo Energy has raised $1.12 billion across 11 funding rounds from investors including Devon Energy, Mercuria and Mitsubishi Heavy Industries. Fervo Energy offers products and services including Geothermal Energy Projects and Technology Solutions.
- Headquarter San Francisco, United States
- Founders Jack Norbeck, Tim Latimer
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fervo Energy
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.12 B (USD)
in 11 rounds
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Latest Funding Round
$421 M (USD), Debt – Conventional
Mar 19, 2026
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Investors
Devon Energy
& 37 more
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Employee Count
Employee Count
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Products & Services of Fervo Energy
Fervo Energy offers a comprehensive portfolio of products and services, including Geothermal Energy Projects and Technology Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Next-generation geothermal projects are developed to deliver 24/7 carbon-free energy, drawing on innovations in geoscience and drilling technologies
Horizontal drilling and fiber optic sensing are utilized to unlock geothermal resources in new locations, increasing the overall potential of geothermal energy
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Funding Insights of Fervo Energy
Fervo Energy has successfully raised a total of $1.12B across 11 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $421 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Debt – Conventional — $421.0M
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First Round
First Round
(29 Jun 2020)
- Investors Count 38
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2026 | Amount | Debt – Conventional - Fervo Energy | Valuation |
investors |
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| Dec, 2025 | Amount | Series E - Fervo Energy | Valuation | B Capital | |
| Jun, 2025 | Amount | Series D - Fervo Energy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fervo Energy
Fervo Energy has secured backing from 38 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Devon Energy, Mercuria and Mitsubishi Heavy Industries. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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Climate tech investing and support for early-stage entrepreneurs in North America.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fervo Energy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fervo Energy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fervo Energy Comparisons
Competitors of Fervo Energy
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Fervo Energy
When was Fervo Energy founded?
Fervo Energy was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Fervo Energy located?
Fervo Energy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Fervo Energy a funded company?
Fervo Energy is a funded company, having raised a total of $1.12B across 11 funding rounds to date. The company's 1st funding round was a Series D of $100M, raised on Jun 29, 2020.
What does Fervo Energy do?
Fervo Energy was founded in 2017 and is headquartered in San Francisco, United States. Operations center on advancing geothermal energy through horizontal drilling and distributed fiber optic sensing technologies. These efforts aim to access untapped geothermal resources for scalable, carbon-free power generation. The company prioritizes environmental health and safety while targeting decarbonization in electricity sectors.
What products or services does Fervo Energy offer?
Fervo Energy offers Geothermal Energy Projects and Technology Solutions.
Who are Fervo Energy's investors?
Fervo Energy has 38 investors. Key investors include Devon Energy, Mercuria, Mitsubishi Heavy Industries, CPP Investments, and Helmerich & Payne.