Date: May 24, 2022 Author: Matthew Irvin Source: Company Data (
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With this bridge round financing, we can scale up to meet our fantastic market traction, prepare our product for scalability, and position Maplewell for a Series A funding round.
Our partnership with Life Bridge Capital has been instrumental in growing this seed fund. Their support means that we can accelerate our product into the market and establish a foundation in key industries. Sam Rust was one of our original angel investors and a partner at Life Bridge Capital. With his background in automation and controls, he was impressed by our rapid progress, and now Life Bridge Capital is our lead investor.
This bridge funding will strengthen Maplewell in several tangible ways:
Invest in front-end features and backend services of our product
Secure IP licensing from NREL
Grow our team to 25 scientists, software developers, and engineers
Scale our product for industrial and maritime applications
With this seed funding in place, Maplewell Energy is just one step away from an important Series A funding round -- and modernizing energy demand in a rapidly growing customer base.