Last deal

$4M

Amount

Venture - Series Unknown

Stage

19.08.2008

Date

1

all rounds

$4M

Total amount

date founded

Financing round

General

About Company
Potter Drilling, LLC develops non-contact drilling technology for producing cost-effective geothermal wells.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2004

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company's technology, which is based on a spallation mechanism that removes rock without contact, enables clean energy solutions such as engineered geothermal systems. Potter Drilling serves developers of hard rock environments, CO2 sequestration solutions, nuclear waste storage, and solution mining operations. Their mission is to commercialize drilling technology that lowers the cost of developing Engineered Geothermal Systems (EGS), which has the potential to provide renewable baseload energy that is universally available, clean, and secure.
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Financials

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1

Number of Funding Rounds

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Money Raised

Their latest funding was raised on 19.08.2008. Their latest investor Google.org. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
19.08.2008
1
$4M
Co-Investors
Investors
1
0

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
No
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Activity

Recent News
0