EtaGen Closes $83 Million Series C Round to Commercialize Breakthrough Linear GeneratorStrategic investors join Bill Gates, Khosla Ventures to back energy company founded on Stanford University research
MENLO PARK, Calif., January 24, 2018-- EtaGen, a manufacturer of Linear Generators, announced today that the Company has closed an $83 million Series C financing from ten investors with deep knowledge in energy generation and distribution. New strategic investors include American Electric Power (AEP), Centrica Innovations, and Statoil Energy Ventures. Along with KCK Group and Louis M. Bacon, they join EtaGen's existing investors Bill Gates and Khosla Ventures.