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Zanskar

Wasatch Front, UT · Founded 2019 · Privately Held (backing)

Operator of a geothermal exploration and technology company intended for discovery and development of geothermal energy resources. Zanskar is based in Wasatch Front, UT and was founded in 2019. Its last reported valuation was $165 million in Dec 2024. It has raised $220 million.

Last reported valuation
$165.0M
Oct 2026
Priced at
—
Total raised
$220.4M
Last round
—

Zanskar key facts

as of Oct 2026
  • Operator of a geothermal exploration and technology company intended for discovery and development of geothermal energy resources.
  • Zanskar is valued at approximately $165.0M as of Oct 2026 (last reported valuation).
  • It has raised $220.4M; the latest was Later Stage VC ($155.0M) in Jan 2026.
  • Notable investors include Impact Assets, U.S. Department of Energy, Lowercarbon Capital, Union Square Ventures, Activate Global — 31 tracked in total.
  • 1 investment vehicle was formed to buy Zanskar shares in the last 12 months, per SEC Form D filings.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$165.0M

Zanskar's last reported valuation, Dec 2024. Nothing priced has surfaced since.

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Zanskar funding rounds

No rounds on record

No funding rounds for Zanskar are on record yet — either the company hasn't raised institutional capital, or the raise hasn't surfaced in our sources.

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Vehicles formed to buy Zanskar shares

secondary demand · SEC Form D filings

In the last 12 months, 1 investment vehicle were formed to buy Zanskar shares. Most recent filing Dec 2025.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 1 vehicle →

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Zanskar valuation

Zanskar's last reported valuation was $165 million in Dec 2024. No priced round, secondary trade or fund mark has surfaced since.

Institutional holders and vehicles

In the last 12 months, 1 investment vehicle was formed to buy Zanskar shares, per SEC Form D filings (most recent Dec 2025).

Zanskar investors

31 investors are on record for Zanskar, including Impact Assets, U.S. Department of Energy, Lowercarbon Capital and Union Square Ventures. By type, the record holds 8 venture capital firms and 1 family office.

About Zanskar

Operator of a geothermal exploration and technology company intended for discovery and development of geothermal energy resources. The company's technology combines artificial intelligence, big data, and advanced sensing techniques to discover hidden geothermal resources, enabling clients to reduce risk in the exploration of geothermal resources.

Sector
Energy
HQ
Wasatch Front, UT, United States
Founded
2019
Employees
84
Ownership
Privately Held (backing)

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