Base Raises $200 Million Series B Round Led By Addition And A16z For Energy Network

Base, founded and led by CEO Zach Dell, has raised a $200M Series B round to build America’s next-generation power company. The round was led by Addition, a16z, Lightspeed, and Valor, with participation from Thrive, Altimeter, Trust Ventures, and Terrain. Base is developing a distributed energy network to stabilize the power grid and deliver affordable, reliable electricity through home battery installations. Since launching last year, the team has expanded across 70+ Texas municipalities, deployed over 10MWh of storage, and partnered with utilities like Bandera Electric and homebuilders like Lennar. The new capital will fund R&D, factory expansion in Texas, and continued growth. INVESTORS: Addition, Andreessen Horowitz (a16z), Lightspeed Venture Partners, Valor Equity Partners, Thrive Capital, Altimeter Capital, Trust Ventures & Terrain ROUND: Series B AMOUNT: $200,000,000 HQ: #Austin #Texas #VentureCapital #Base #Addition #AndreessenHorowitz #a16z #LightspeedVenturePartners #ValorEquityPartners #ThriveCapital #AltimeterCapital #TrustVentures #Terrain #ZachDell #TradedVC

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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC