Funding round
TerraPower Series B
TerraPower, which works in advanced reactor design and development in Bellevue, raised $35M in a Series B round announced on 15 Jun 2010, led by CRV. 2 firms took part. It is TerraPower's first venture round on record.
$35M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
TerraPower did not disclose a valuation in this round. It is TerraPower's first venture round on record, 2 years after it was founded in 2008. It is 2.3% of the $1.51B TerraPower has raised in the venture rounds on record. TerraPower raised again 149 months later: a Growth round of $830M in Nov 2022.
Investors
Who put money in
CRV led the round with 1 other firm.
Lead investor
- CRV backs 177 venture-backed companies new investor
Also in the round
- Khosla Ventures backs 396 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development.
- Product development
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jun 2010 | $20M | $115M | Andreessen Horowitz |
| Clothing Stores | 30 Jun 2010 | $20M | not disclosed | Accel |
| Tech Companies | 20 Jun 2010 | $12M | not disclosed | not named |
| Solar Energy Company | 1 Jun 2010 | $5.5M | not disclosed | not named |
| Tech Companies | 15 Jul 2010 | $15M | not disclosed | Greylock Partners |
| Dr. Tyler Austin Podiatrists | 14 Jul 2010 | $15M | not disclosed | Founders Fund |
| Tech Companies | 3 May 2010 | $11M | not disclosed | Lightspeed Venture Partners and Greylock Partners |
| Tech Companies | 13 Jul 2010 | $8.0M | not disclosed | Kleiner Perkins and Sherpalo Ventures |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did TerraPower raise in its Series B round?
TerraPower raised $35M in its Series B round, announced in Jun 2010.
Who led TerraPower's Series B round?
CRV led it, with Khosla Ventures.
What was TerraPower's valuation at the Series B round?
It was not disclosed.
Did TerraPower raise again after this round?
Yes: a Growth round in Nov 2022 of $830M.