How much has Fervo Energy raised?
$2.0Bacross 11 recorded rounds · Feb 2024 – Jan 2026
Most recently, Fervo Energy raised an undisclosed amount in its IPO (Jan 2026).
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- ·Post-money valuations for 3 rounds
- ·The complete investor list: 51 names
- ·Watch Fervo Energy: the Monday email on marks, rounds and moves
Fervo Energy round by round
11 roundsJan 2026IPOundisclosed▮
Dec 2025Later Stage VC (Series E)$462.0M▮
25 investors participated
Jun 2025Project Financing$205.6M▮
Dec 2024Later Stage VC (Series D)$499.0M▮
20 investors participated
Sep 2024Project Financing$100.0M▮
14 investors participated
Feb 2024Later Stage VC$244.0M▮
12 investors participated
+ 5 earlier rounds · a free account shows the full history
How much has Fervo Energy raised?
Fervo Energy has raised $2 billion across 11 recorded rounds since 2021. The largest was a $499 million Series D in Dec 2024; the most recent was an IPO in Jan 2026. 3 of the rounds disclosed a post-money valuation.
Fervo Energy has filed 6 Form Ds with the SEC since 2021, most recently in Dec 2025 ($452 million sold to 39 investors).
Fervo Energy investors
51 investors are on record for Fervo Energy, including U.S. Department of Energy, Greentown Labs, DCVC and Breakthrough Energy. By type, the record holds 6 venture capital firms and 2 private investors. The Series E in Dec 2025 drew 25 investors.
For fundraisers
Raising for a company like Fervo Energy?
51 investors have backed Fervo Energy.
Frequently asked about Fervo Energy
- How much has Fervo Energy raised?
- Fervo Energy has raised $2.0B in total across 11 recorded funding rounds.
- When was Fervo Energy's last funding round?
- Fervo Energy's most recent recorded round was IPO in Jan 2026.