Fundraising Fox

Quidnet

Houston, US · Delaware corporation · 20 employees on LinkedIn · 6 known investors

Quidnet Energy develops geomechanical energy storage technology that repurposes existing oil, gas, and hydroelectric infrastructure to provide grid-scale, long-duration energy storage. The company serves utilities and grid operators seeking scalable solutions for the energy transition.

CleantechDeep TechEnergyHardware

Founders & leadership

AM
Aaron MandellFounder
DZ
Dagong ZhouExecutive
HS
Howard SchmidtNamed on SEC filing

Board

CKChristina Karapataki
Christina Karapatakiin𝕏Board MemberBreakthrough Energy Ventures at Breakthrough Energy Ventures
MN
Matthew NordanBoard director
MB
Michael BiddleBoard director

Investors · 6

Breakthrough Energy VenturesBoston · $500K – $50Mvia Christina Karapataki · board
Clean Energy VentureBoston
Congruent VenturesSan Francisco · $100K – $5M
Helium-3 VenturesNew York
NXT VenturesMarblehead · $250K – $1M
Clean Energy VenturesreportedBoston · $100K – $5M

Reported raises · per SEC filings

Form D private placements

$18M disclosed across 2 rounds · 2018–2020

▶$10MraisedJun 2020 · 4 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Michael BiddleDirector
  • Christina KarapatakiDirector
  • Matthew NordanDirector
  • Dagong ZhouExecutive Officer, Director, Promoter
  • Howard SchmidtDirector
Offering amount
$14M
Amount sold
$10M
First sale
May 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$8MraisedMay 2018 · 13 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Aaron MandellExecutive Officer
  • Christina KarapatakiDirector
  • Matthew NordanDirector
  • Michael BiddleDirector
  • Howard SchmidtDirector
  • Dagong ZhouExecutive Officer, Director
Offering amount
$8M
Amount sold
$8M
First sale
May 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

2 people who came through Quidnet went on to found or lead other companies.

Aaron MandellCo-FounderFounded WATERFXMatthew NordanIndependent Board MemberFounded Prime Coalition

Competitors · 1

by search overlap
Caithness Energy6 shared keywordsCaithness Energy develops, builds, and manages power generation projects across the United States, primarily combined cycle and peaker plants. It acts as developer, asset manager, construction manager, and operations manager for these energy facilities.

Companies competing with Quidnet for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Quidnet Energy scores $2M in DOE funding for hydropower - Energy Capitalenergycapitalhtx.com · Sep 2023Quidnet Energy to Receive $10M in Federal Funding to Commercialize Clean Energy Technologyglobenewswire.com · Nov 2022RosterLab Raises $500K Pre-Seed from Quidnet Ventures, Matū Fund and the University of Auckland Investors' Fund to Enter the New Zealand Marketprnewswire.com · Dec 2021

Frequently asked questions

What does Quidnet do?
Quidnet Energy develops geomechanical energy storage technology that repurposes existing oil, gas, and hydroelectric infrastructure to provide grid-scale, long-duration energy storage. The company serves utilities and grid operators seeking scalable solutions for the energy transition.
Who founded Quidnet?
Quidnet was founded by Aaron Mandell.
Who are Quidnet's investors?
Quidnet's investors include Breakthrough Energy Ventures, Clean Energy Venture, Congruent Ventures, Helium-3 Ventures, NXT Ventures, Clean Energy Ventures.
How much funding has Quidnet raised?
Quidnet has disclosed $18M raised across 2 rounds.
Where is Quidnet headquartered?
Quidnet is headquartered in Houston, US.