Electra, a company focused on zero-carbon iron production using renewable energy, secured $85 million in a Series B funding round. Investors included Blackstone, BHP Ventures, Breakthrough Energy Ventures, DCVC, General Catalyst, and Temasek. The funding will support the scaling of Electra's technology.
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Counterparts (7)
Investor
Blackstone
company · 6 deals
Blackstone is the world's largest alternative asset manager, serving institutional and individual investors by building strong businesses that deliver lasting value. They invest in dynamic sectors positioned for long-term growth, leveraging their scale and operational expertise to drive transformation and create value.
General Catalyst
company · 3 deals
General Catalyst is an investment and transformation company that partners with leading entrepreneurs to build toward global resiliency and applied AI. They focus on creating personalized founder and capital solutions strategically tailored to support entrepreneurs across various stages.
DCVC
company
DCVC is a venture capital firm that invests in early-stage deep tech companies. They focus on sectors like energy, agriculture, and computation, aiming to solve large-scale global challenges.
Temasek Holdings
company · 2 deals
Temasek Holdings is a Singaporean sovereign wealth fund that invests globally across a variety of sectors. Their investment strategy focuses on long-term trends and opportunities, including sustainable living, future of consumption, longer lifespans and a more connected world.
Breakthrough Energy Ventures
company
Breakthrough Energy Ventures focuses on investing in companies that are working on innovative technologies to reduce greenhouse gas emissions across various sectors, including electricity, transportation, agriculture, manufacturing, and buildings. They aim to support companies with the potential to significantly impact climate change.
BHP Ventures
company
BHP Ventures is the venture capital arm of BHP, a leading global resources company. It invests in early-stage companies with disruptive technologies and business models that have the potential to create significant value for BHP and the broader resources industry.
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Source Intelligence
KEY DETAILS
The funding will support the scaling of Electra's technology.
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Deal Size
USD85M Deal Value
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Announcement
Announced Nov 14, 2025
PARTIES MENTIONED IN SOURCE
B
Blackstone
investor
"Investors included Blackstone"
B
BHP Ventures
investor
"Investors included Blackstone, BHP Ventures"
B
Breakthrough Energy Ventures
investor
"Investors included Blackstone, BHP Ventures, Breakthrough Energy Ventures"
D
DCVC
investor
"Investors included Blackstone, BHP Ventures, Breakthrough Energy Ventures, DCVC"
G
General Catalyst
investor
"Investors included Blackstone, BHP Ventures, Breakthrough Energy Ventures, DCVC, General Catalyst"
T
Temasek
investor
"Investors included Blackstone, BHP Ventures, Breakthrough Energy Ventures, DCVC, General Catalyst, and Temasek."
E
Electra
developer
"Developer Electra company"
high quality
Enriched Feb 19, 2026
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