GA Drilling Secures $15M First Close from Nabors, alfa8, Underground Ventures, Neulogy Ventures and Thomas von Koch

April 25, 2024

GA Drilling, a developer of deep geothermal drilling technology, announced a first close of $15 million to commercialize its PLASMABIT drilling systems and scale deployment. Investors in the round include Nabors, Christian Oldendorff’s family office alfa8, geothermal fund Underground Ventures, Neulogy Ventures and investor Thomas von Koch; proceeds will accelerate commercialization and global rollout of deep geothermal solutions.

Buyers
Nabors, alfa8, Thomas von Koch, Underground Ventures, Neulogy Ventures
Targets
GA Drilling
Industry
Renewable Energy
Location
Bratislava Region, Slovakia
Transaction Type
Growth capital

Explore More

Related articles

Build a buyer list for your deal

Find active buyers from recent acquisition patterns and move straight into outreach.

Find buyers like these →