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
How much has Fervo Energy raised?
$2.0Bacross 11 recorded rounds · Feb 2024Jan 2026

Most recently, Fervo Energy raised an undisclosed amount in its IPO (Jan 2026).

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  • ·Post-money valuations for all 11 rounds
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Round by round

11 rounds
Jan 2026IPOundisclosed
Dec 2025Later Stage VC (Series E)$462.0M
25 investors participated
Jun 2025Project Financing$205.6M
Dec 2024Later Stage VC (Series D)$499.0M
20 investors participated
Sep 2024Project Financing$100.0M
14 investors participated
Feb 2024Later Stage VC$244.0M
12 investors participated
+ 5 earlier rounds · a free account shows the full history
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Frequently asked

How much has Fervo Energy raised?
Fervo Energy has raised $2.0B in total across 11 recorded funding rounds.
When was Fervo Energy's last funding round?
Fervo Energy's most recent recorded round was IPO in Jan 2026.