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Mazama Energy

Frisco, TX · Founded 2023 · Privately Held (backing)

Operator of the geothermal electric power generation company intended to drive human progress by delivering large-scale, clean geothermal power from Superhot Rocks. Mazama Energy is based in Frisco, TX and was founded in 2023. It was valued at $662 million at its Series B in Sep 2026, the last priced event on record. It has raised $36 million across 1 recorded round; the latest was a $135 million Series B in Sep 2026.

PMV mark · valuation
$662.2M
Oct 2026
Priced at
its Series B
Sep 2026
Total raised
$36.0M
Last round
Series B
Sep 2026

Mazama Energy key facts

as of Oct 2026
  • Operator of the geothermal electric power generation company intended to drive human progress by delivering large-scale, clean geothermal power from Superhot Rocks.
  • Mazama Energy is valued at approximately $662.2M as of Oct 2026, set at its Series B, Sep 2026; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $36.0M across 1 recorded rounds; the latest was Series B ($135.0M) in Sep 2026.
  • Notable investors include Centaurus Capital, Khosla Ventures, U.S. Department of Energy, Shell Ventures, Gates Frontier — 6 tracked in total.
  • Status: Privately Held (backing).
PrivateMarketView mark
MEDIUM confidence
$662.2M

Valued at $662.2M at its Series B, Sep 2026. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Mazama Energy funding rounds

1 rounds
Sep 2026Series B$135.0M▮
Full funding history →

Mazama Energy valuation

Mazama Energy was valued at $662 million at its Series B in Sep 2026. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

Recent activity

In the last 90 days, Mazama Energy's record added 1 funding round.

How much has Mazama Energy raised?

Mazama Energy has raised $36 million across 1 recorded round since 2026. The largest was a $135 million Series B in Sep 2026. 1 of the rounds disclosed a post-money valuation.

Mazama Energy investors

6 investors are on record for Mazama Energy, including Centaurus Capital, Khosla Ventures, U.S. Department of Energy and Shell Ventures. 1 of them led a round. The Series B in Sep 2026 drew 9 investors.

About Mazama Energy

Operator of the geothermal electric power generation company intended to drive human progress by delivering large-scale, clean geothermal power from Superhot Rocks. The company offers services to recognize the potential of interconnected energy systems and advise on innovative energy sources, enabling businesses to get the lowest cost, terawatt-scale, and dispatchable source of carbon-free energy.

Sector
Energy
HQ
Frisco, TX, United States
Founded
2023
Employees
22
Ownership
Privately Held (backing)

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