VEIR: Funding, Investors & Team (Oct 2026)
VEIR is a company working on a new method of utilizing high-temperature superconductors for electricity transmission. Their passive evaporative cryogenic cooling method provides 20 times more cooling power per kilogram of nitrogen flow than traditional mechanical subcooling.
VEIR has raised $210M across 3 funding rounds on record, the most recent a Series C of $110M announced in Oct 2026.
That round is above the $15M median round size for Energy companies tracked on FundedIQ over the last two years.
VEIR Company Profile and Key Stats
Latest funding round on record: Oct 2026.
VEIR Funding Rounds
VEIR raised $24.9M in a Series A announced in May 2023.
1.7 years later, a Series B of $75.0M was announced in Jan 2025.
1.8 years later, a Series C of $110M was announced in Oct 2026.
VEIR Investors
20 investors are recorded in total; the 5 named above are those the record identifies.
VEIR Founders and Leadership Team
Contact details for the VEIR team: 2 of 3 have an email address on file, 2 have a LinkedIn profile.
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VEIR's latest round of $110M is above the median round in Energy. Medians cover the last 24 months of disclosed rounds.
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VEIR Funding FAQs
What does VEIR do?
VEIR is a company working on a new method of utilizing high-temperature superconductors for electricity transmission. Their passive evaporative cryogenic cooling method provides 20 times more cooling power per kilogram of nitrogen flow than traditional mechanical subcooling.
How much funding has VEIR raised?
VEIR has raised $210M across 3 rounds on record. The most recent is a Series C of $110M announced in Oct 2026.
When did VEIR last raise funding?
VEIR's most recent funding round on record is a Series C of $110M, announced in Oct 2026.
Who has invested in VEIR?
Investors on record for VEIR include Congruent Ventures, Engine Ventures, Matter Venture Partners, Piva Capital, National Grid Partners (NGP). FundedIQ records 20 investors in total.
Who founded VEIR?
FundedIQ lists Geir B Skarhaug (Founder) at VEIR.
Who is the CEO of VEIR?
Tim Heidel is listed as CEO at VEIR.
Where is VEIR headquartered?
VEIR is based in Boston, Massachusetts, United States.
How many employees does VEIR have?
VEIR is in the 51-100 employee band.
When was VEIR founded?
VEIR was founded in 2019.
How does VEIR's funding compare to other Energy startups?
VEIR's latest round of $110M is above the $15M median round size for Energy companies on FundedIQ across 2,284 tracked companies over the last two years.
About FundedIQ's VEIR Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for VEIR is left off this page rather than filled in.
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