# ICR Turbine Engine Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/icr-turbine-engine

- Industry: Industrial Machinery
- Headquarters: Hampton, US
- Website: www.icrtec.com
- Total disclosed funding: $10M
- Latest round: Series A (Nov 21, 2012)
- Investors on record: 1

## About

ICR Turbine Engine Corporation specializes in the development and manufacturing of high-performance turbine engines for various applications, focusing on innovation and efficiency in energy solutions.ICR Turbine Engine Corporation is engaged in designing advanced turbine engines. The company is headquartered in Hampton, US. Frank Trotter serves as the CEO. In November 2012, the company raised USD 10 mn in a Series A round led by New Venture Partners, marking a significant milestone in its funding journey.ICR Turbine Engine Corporation provides cutting-edge turbine engine solutions that cater to diverse applications, ensuring reliability and efficiency. Their product lineup includes a range of turbine engines designed to meet the demands of various industries, supporting sectors such as aerospace and industrial applications.ICR Turbine Engine Corporation generates revenue primarily through the sale of its turbine engines and related services, facilitating contracts with various clients. The revenue model is structured around direct sales, ensuring clients receive tailored solutions that meet their specific energy requirements, thus establishing a steady revenue stream for the company.ICR Turbine Engine Corporation plans to launch new turbine engine models aimed at enhancing performance and efficiency, with expected releases in the upcoming years. The company is looking to expand its operations into international markets, particularly focusing on Europe and Asia by 2025. The recent funding of USD 10 mn from New Venture Partners will be utilized to support these product developments and market expansion initiatives.

## Funding rounds

- Series A, Nov 21, 2012, $10M — New Venture Partners

## Investors

- New Venture Partners (https://capitalatlas.ai/funds/new-venture-partners) — Series A