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XGS Energy

Palo Alto, CA · Founded 2008 · Privately Held (backing)

Developer of a geothermal power technology designed to bring competitively priced renewable energy to the world. XGS Energy is based in Palo Alto, CA and was founded in 2008. It was valued at $64 million at its later-stage round in Jan 2024, the last priced event on record. It has raised $52 million across 1 recorded round; the latest was a $10 million early-stage round in Jan 2024.

PMV mark · valuation
$64.0M
Oct 2026
Priced at
its later-stage round
Jan 2024
Total raised
$52.0M
Last round
Early Stage VC
Jan 2024

XGS Energy key facts

as of Oct 2026
  • Developer of a geothermal power technology designed to bring competitively priced renewable energy to the world.
  • XGS Energy is valued at approximately $64.0M as of Oct 2026, set at its later-stage round, Jan 2024; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $52.0M across 1 recorded rounds; the latest was Early Stage VC ($10.0M) in Jan 2024.
  • Notable investors include Valo Ventures, ClearSky, WovenEarth Ventures, Aligned Climate Capital, Anzu Partners — 11 tracked in total.
  • XGS Energy has filed 1 Form D with the SEC, most recently Jan 2024 ($10.0M sold to 10 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$64.0M

Valued at $64.0M at its later-stage round, Jan 2024. Nothing has traded since.

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

1 rounds
Jan 2024Early Stage VC$10.0MSEC filing▮
Full funding history →

XGS Energy leadership

XGS Energy valuation

XGS Energy was valued at $64 million at its later-stage round in Jan 2024. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has XGS Energy raised?

XGS Energy has raised $52 million in total; 1 of its rounds is on record. The largest on record was a $10 million early-stage round in Jan 2024.

XGS Energy has filed 1 Form D with the SEC, most recently in Jan 2024 ($10 million sold to 10 investors).

XGS Energy investors

11 investors are on record for XGS Energy, including Valo Ventures, ClearSky, WovenEarth Ventures and Aligned Climate Capital. The early-stage round in Jan 2024 drew 10 investors.

Who runs XGS Energy

19 people are listed on the XGS Energy team: 7 executives and 12 board members, including Joshua Prueher (Chief Executive Officer) and Al Vickers (Chief Operating Officer). 19 of them have a verified direct contact on file.

About XGS Energy

Developer of a geothermal power technology designed to bring competitively priced renewable energy to the world. The company is capable of producing clean, green, climate-friendly, affordable, and readily available energy, enabling clients to safely harness geothermal heat and power from deep earth formations worldwide.

Sector
Energy
HQ
Palo Alto, CA, United States
Founded
2008
Employees
36
Ownership
Privately Held (backing)

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