About VEIR
VEIR is a company based in United States founded in 2019. VEIR has raised $110.87 million across 3 funding rounds from investors including Microsoft, Munich Re and Tyche Partners.
- Total Equity Funding$110.87M (USD)
in 3 rounds
- Latest Funding Round$75M (USD), Series B
Jan 2025
- InvestorsMicrosoft
& 13 more
Funding Insights of VEIR
VEIR has successfully raised a total of $110.87M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $75 million completed in January 2025. 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 $110.87M
- Total Rounds 3
- Last Round Series B — $75M
- First Round $10.97M
(Mar 2021)
- Investors Count 14
All 3 funding rounds of VEIR with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $75M | Series B | – | Munich Re | |
| Jul 2023 | $24.9M | Series A | – | Fine Structure Ventures, Galvanize Climate Solutions | |
| Mar 2021 | $10.97M | Series A | – | Breakthrough Energy |
14 investors in total: 14 institutional.
Investors in VEIR
VEIR has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Microsoft, Munich Re and Tyche Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage hardware sector investments are made by Tyche Partners. | – | tychepartners.com | Menlo Park, United States | |
Piva Capital is focused on investing in industrial technologies. | – | piva.vc | San Francisco, United States | |
Venture capital investments are directed toward technology companies. | – | ngpartners.com | Los Gatos, United States | |
A family investment office focused on multi-asset opportunities. | – | daraholdings.co.uk | Limassol, Cyprus | |
Climate solutions are advanced via venture capital and startup acceleration. | – | breakthroughenergy.org | Kirkland, United States | |
Climate tech investing and support for early-stage entrepreneurs in North America. | – | congruentvc.com | - | |
Early-stage technology startups are funded by Engine Ventures venture capital. | – | engineventures.com | Cambridge, United States | |
Venture capital is provided for disruptive scientific innovations. | – | finestructure.vc | Cambridge, United States | |
Capital and expertise are delivered globally to accelerate climate solutions. | – | galvanizeclimate.com | San Francisco, United States | |
VC funding and acceleration support are provided to tech startups. | – | engine.xyz | Cambridge, United States |
Investor details for VEIR
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of VEIR
13 people are tracked at VEIR (8 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Franco Moriconi | VP of Technology & Engineering | Leadership |
Tim Heidel | Chief Executive Officer | Leadership |
James Lohan | Senior Cryogenic Fluid Systems Engineer & Head Of Nitrogen Systems | Leadership |
Michael Acton | Sr. Engineer, Head of Heat Transfer Engineering | Leadership |
Erhan Karaca | Chief Technology Officer | Leadership |
Jason Miller | Head Of Project Engineering | Leadership |
Tim Carr | Director Of Business Development, Commercial And Industrial | Leadership |
Kevin Dunn | Chief Commercial Officer (cco) | Leadership |
Jillian Stern | Mechancial Engineer, HTS Systems Engineering | Team |
Jesse Turgeon | Heat Transfer Engineer | Team |
James Weitzel | Senior Cryogenic Systems Engineer | Team |
Stephen Pisano | Lead Cryogenic Systems Engineer | Team |
Frances B. | Principal Transmission Lines Engineer | Team |
Complete people profiles for VEIR
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of VEIR
3 dated milestones of VEIR across 6 years, from founding to its latest funding, stage changes and deals.
- Founded VEIR is founded.
- Funding First funding round of $11.0M.
- Funding Latest funding round, Series B, of $75.0M.
Web traffic of VEIR
The website of VEIR (veir.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▲ 53.9% vs previous month
Similar companies to VEIR
10 companies that operate in the same segment as VEIR (Non-Renewable Power Generation), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electricity generation and allied activities are conducted by NTPC. | 1975 | Delhi, Delhi, India | – | USD 21.4 B | 9,611 | |
Operations in power, retail, IT services, and other sectors across India and globally. | 1820 | Kolkata, West Bengal, India | – | – | – | |
Producer of natural gas | 2009 | Durham, North Carolina, United States | USD 50.4 M | – | 68 | |
Electricity is generated from natural gas and geothermal resources. | 1984 | Houston, Texas, United States | – | USD 10.07 B | 162 | |
Engineering and construction services for power generation infrastructure are offered. | 1999 | Hyderabad, Telangana, India | USD 8.59 M | USD 646.1 M | 10,450 | |
Electricity generation, renewable energy, and natural gas services are provided. | 1898 | Essen, North Rhine-westphalia, Germany | – | USD 20.72 B | 20,980 | |
Various coals are mined and supplied by the corporation. | 1975 | Kolkata, West Bengal, India | – | USD 18.16 B | 239,210 | |
Coal-based thermal power plants are developed in central India. | 2010 | Mumbai, Maharashtra, India | USD 389.23 M | USD 421.98 M | 1 | |
Electricity generation and distribution services are provided nationwide. | 2015 | Allentown, Pennsylvania, United States | USD 1.38 B | USD 2.52 B | 1,890 | |
Electricity distribution and consumer services in West Bengal. | 2007 | Kolkata, West Bengal, India | – | USD 3.6 B | 9,329 |
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Frequently Asked Questions about VEIR
VEIR was founded in 2019 and raised its 1st funding round 2 years after it was founded.
VEIR is headquartered in United States.
VEIR is a funded company, having raised a total of $110.87M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10.97M, raised on Mar 2021.
VEIR was founded in 2019 and is headquartered in the United States. Non-renewable energy sources are utilized by the company for the development of power projects. Operations center on engineering, construction, and management of energy infrastructure. Services include project financing and regulatory compliance support within the energy sector. Focus remains on traditional fuel-based generation to meet regional power demands.
VEIR has 14 investors. Key investors include Microsoft, Munich Re, Tyche Partners, Piva Capital, and National Grid Partners.