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Venture Capital News: MetOx Lands Additional $15M Series B

2024-11-19
HOUSTON, TX, MetOx has announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors.
MetOx, a U.S. leader in High Temperature Superconducting (HTS) technology, has announced the closing of its Series B funding round, securing an additional $15 million from a strategic syndicate of investors, including Duquesne Family Office, LLC, Piedmont Capital, Crosscut Ventures, New System Ventures, John Doerr's Family Office together with Ryan Panchadsaram, among others. This investment completes the Series B extension, bringing a total of $40M in expansion capital to the company, and bolstering MetOx's growth momentum as it scales to meet surging market demand and expand out its domestic production of this vital technology.

MetOx International is a leader in High Temperature Superconducting technology, dedicated to advancing clean energy solutions and establishing a resilient HTS manufacturing base in the United States. Through partnerships with the U.S. Department of Energy and strategic investors, MetOx is driving innovation and strengthening supply chains for critical superconducting applications across multiple industries.
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