# Foro Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foro-energy

- Industry: Oil & Gas
- Headquarters: Littleton, US
- Website: www.foroenergy.com
- Total disclosed funding: $28M
- Latest round: Series B (Oct 7, 2011)
- Investors on record: 2

## About

Foro Energy, Inc. is a technology firm specializing in high-power laser transmission solutions that address long-distance energy delivery challenges across various industries, including energy, telecommunications, and manufacturing.Foro Energy, Inc. was founded in 2009 in Littleton, US. The company focuses on high-power laser transmission technology, offering innovative solutions for energy-related challenges. It has successfully raised USD 24.38 mn in a Series C funding round as of October 2014, totaling USD 24.38 mn in funding to date. The company has engaged in 6 deals since its inception and is valued at approximately USD 178.165 mn.Foro Energy specializes in high-power laser transmission technology that effectively addresses the challenges of long-distance energy delivery, surpassing limitations such as Stimulated Brillouin Scattering (SBS) and nonlinear effects. Their core product enables the transmission of multi-kW laser power over several miles, benefiting industries such as energy, telecommunications, and manufacturing. The company serves a diverse client base, including oil and gas sectors and renewable energy producers, operating in domestic and international markets where energy and industrial infrastructure demands are significant.Foro Energy's revenue model is based on B2B transactions, partnering with organizations requiring advanced laser technologies. They engage in direct sales of their flagship products, tailored for high-power laser transmission applications. The pricing structures accommodate various client needs, offering equipment purchase options and maintenance agreements. Additionally, service agreements may be provided to support clients in complex operational settings, highlighting the critical value of their innovative energy solutions in competitive markets.Foro Energy plans to leverage its recent funding of USD 24.38 mn raised in October 2014 by investing in the development of new products aimed at enhancing its laser transmission technology. The company also seeks to expand into new markets, specifically targeting regions with significant energy demands by 2025. These initiatives are aligned with their commitment to driving innovation in energy solutions and addressing the evolving needs of their clients.

## Funding rounds

- Series B, Oct 7, 2011, $24M — North Bridge Venture Partners, Presidio Partners
- Series A, Apr 24, 2009, $3.7M — North Bridge Venture Partners

## Investors

- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B
- Presidio Partners (https://capitalatlas.ai/funds/presidio-partners) — Series B