Private Market View

Fervo Energy

Houston, TX · Founded 2017 · In IPO Registration

PA Mark · $/share
$37
Sep 2026
Implied valuation
$20.2B
Total raised
$2.0B
Last round
IPO
Jan 2026

Key facts

as of Sep 2026
  • Fervo Energy is valued at approximately $20.2B (~$37/share) as of Sep 2026, per Private Market View’s composite mark.
  • It has raised $2.0B across 11 recorded rounds; the latest was Later Stage VC (Series E) ($462.0M) in Dec 2025.
  • Notable investors include U.S. Department of Energy, Greentown Labs, DCVC, Breakthrough Energy, B Capital Group — 51 tracked in total.
  • 3 institutional filers report fund marks on Fervo Energy across 5 filings.
  • Fervo Energy has filed 6 Form Ds with the SEC since 2021, most recently Dec 2025 ($452.0M sold to 39 investors).
  • Status: In IPO Registration.
PA Mark — composite indicative price
LOW confidence
~$37per share
implies $20.2B valuation · as of Sep 2026 · the exact daily mark is a member feature
Composed from 4 inputs:N-PORT marks 92%Round prints 8%
See the platform prints behind this mark →
Free account
See the evidence behind this price
  • ·Post-money valuations for all 11 rounds
  • ·The complete investor list — 51 names
  • ·Watchlist + deal alerts for Fervo Energy
Create free account
No card required

Recorded secondary trades

No prints on record

No secondary trades in Fervo Energy shares have been recorded yet. When a print lands — third-party, direct report, or platform — it appears here with structure, source, and price.

Pro members can request priority coverage with a 48-hour turnaround.

Institutional fund marks

3 filers · latest Jun 2026

3 SEC-registered funds reported 5 fair-value marks on Fervo Energy between May 2026 and Jun 2026. Filer-level marks and implied $/share are available to Pro members.

Unlock 5 fund marks

Funding rounds

11 rounds
Jan 2026IPO—▮
Dec 2025Later Stage VC (Series E)$462.0M▮
Jun 2025Project Financing$205.6M▮
Dec 2024Later Stage VC (Series D)$499.0M▮
Sep 2024Project Financing$100.0M▮
Full funding history →

Leadership

About Fervo Energy

Operator of a geothermal power developer company intended to leverage innovation in geoscience to accelerate the clean energy transition. The company offers carbon-free energy through the development of next-generation geothermal power and plays a major role in the future electric grid, enabling clients to increase their productivity and make energy scalable.

Sector
Energy
HQ
Houston, TX, United States
Founded
2017
Employees
199
Ownership
In IPO Registration