About Thea Energy
Thea Energy is a company based in Princeton (United States) founded in 2022 by David Gates and Matt Miller.. Thea Energy has raised $20 million across 1 funding round from investors including Anglo American, Orion Resource Partners and Prelude Ventures. The company has 272 employees as of December 31, 2023. Thea Energy offers products and services including Stellarator Technology and Eos Neutron Source.
- Headquarter Princeton, United States
- Employees 272 as on 31 Dec, 2023
- Founders David Gates, Matt Miller
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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 Thea Energy Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series A
Feb 08, 2024
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Investors
Anglo American
& 7 more
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Employee Count
272
as on Dec 31, 2023
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Products & Services of Thea Energy
Thea Energy offers a comprehensive portfolio of products and services, including Stellarator Technology and Eos Neutron Source. 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.
The stellarator is developed for inherently stable, steady-state magnetic confinement fusion as a highly efficient power plant architecture.
Eos is utilized as a neutron source stellarator capable of commercial operation for the production of various isotopes, including tritium.
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Funding Insights of Thea Energy
Thea Energy has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series A round of $20 million completed in February 2024. 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 1
- Last Round Series A — $20.0M
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First Round
First Round
(08 Feb 2024)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Thea Energy | Valuation | Prelude Ventures |
| 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 Thea Energy
Thea Energy has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Anglo American, Orion Resource Partners and Prelude Ventures. 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 companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to innovative founders.
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Founded Year | Domain | Location | |
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Venture capital funding is provided for technology and healthcare companies.
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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 Thea 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 - Thea 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 |
Thea Energy Comparisons
Competitors of Thea 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 Thea Energy
When was Thea Energy founded?
Thea Energy was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Thea Energy located?
Thea Energy is headquartered in Princeton, United States. It is registered at Princeton, New Jersey, United States.
Is Thea Energy a funded company?
Thea Energy is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series A of $20M, raised on Feb 08, 2024.
How many employees does Thea Energy have?
As of Dec 31, 2023, the latest employee count at Thea Energy is 272.
What does Thea Energy do?
Thea Energy was founded in 2022 in Princeton, United States, as a fusion energy company. The stellarator design is being advanced to develop sustainable, limitless zero-emission energy sources. Operations center on fusion technology innovation, including selection for a U.S. Department of Energy public-private partnership award. Co-founders David Gates and Matt Miller lead efforts in this sector.
What products or services does Thea Energy offer?
Thea Energy offers Stellarator Technology and Eos Neutron Source.
Who are Thea Energy's investors?
Thea Energy has 8 investors. Key investors include Anglo American, Orion Resource Partners, Prelude Ventures, 11.2 Capital, and Hitachi Ventures.