Fervo Energy has raised a total of $655 million in funding over multiple rounds, achieving unicorn status in February 2025. Its latest Series D round of $100 million, closed on June 11, 2025, was led by CPP Investments and DCVC. Founded in 2017 and headquartered in San Francisco, United States, Fervo Energy develops next-generation geothermal projects using horizontal drilling and distributed fiber optic sensing. Focused on renewable energy tech, the company aims to provide scalable, carbon-free electricity and decarbonize challenging sectors of the power industry.