KO Client MetOx Closes a $25M Series B Extension

KO client MetOx International, Inc., a leading U.S.-based developer and manufacturer of high-temperature superconducting (HTS) wire, recently announced the successful closing of a $25 million Series B extension.

New investors include energy-focused family office Centaurus Capital and premier  climate and energy transition-focused venture firm New System Ventures (NSV). The investment signals strong investor confidence in MetOx’s Xeus™ HTS wire technology for key energy transition applications.

“This funding marks a pivotal step in our mission to revolutionize the energy and technology sectors with our advanced power delivery technology and accelerate delivery for our customers and partners. HTS is critical to enhancing the efficiency of our electric grid and enabling technological developments that, in many cases, would not be viable or even possible without superconductor technology,” said Bud Vos, CEO of MetOx. “Support from investors such as Centaurus and NSV not only provides the financial resources and strategic support required for accelerated scaleup, but also validates the broad reach of our technology across energy, data center, medical, and defense industries.”

KO partner Jennifer Rosenthal, attorneys Ryan Sykora and Michael Wysolmerski, and paralegal Caitlyn Knudson represented MetOx in the financing.

“The team at KO Law led by Jennifer Rosenthal has provided top-notch legal counsel, significant industry and venture capital expertise, and strong, practical negotiation skills that were critical to successfully closing our strategic capital raise in late 2023 and our Series B extension in 2024,” said Bud Vos, CEO of MetOx. “This has enabled us to accelerate our growth and positioned us as the leading manufacturer of high-temperature superconducting (HTS) wire in North America.”

Read more about the financing in the press release and Axios.