HyperSciences (2022)
About this raise
HyperSciences, with a valuation of $104 million, is raising funds on StartEngine. The company is revolutionizing geothermal energy with its high-speed, high-impact drilling. The company has developed its HyperCore engine and drill that can create holes deep enough to access geothermal energy at a reasonable cost. HyperSciences’s technology aims to revolutionize a variety of industries, including resource extraction, geothermal energy, and space launch. Mark Russell founded HyperSciences in October 2014. The current crowdfunding campaign has a minimum target of $9,992.16 and a maximum target of $3,941,022.60. The campaign proceeds will be used to expand into newer industries and markets.
Investment Overview
Invested : $433,304
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 04/01/2022
- Close Date
- 09/28/2022
$9,992
$3,941,023
$496
Equity - Preferred
Growth Stage
RegCF
$9.72
$104,006,352
Company & Team
Company
- Year Founded
- 2014
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $17,374,490
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/28/2022 | StartEngine | $104,006,352 | $433,304 | Equity - Preferred | Funded | RegCF |
| 03/16/2021 | StartEngine | $38,800,000 | $1,069,549 | Equity - Preferred | Funded | RegCF |
| 03/31/2019 | SeedInvest | $25,000,000 | $9,600,000 | Equity - Preferred | Funded | RegA+ |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.