Latham & Watkins Advises Addis Energy in US$8.3 Million Seed Financing Round

Addis Energy, a company harnessing the Earth’s potential for affordable, abundant ammonia production, has announced it has raised US$8.3 million in an oversubscribed seed round, bringing the company’s total funding to date to US$17.3 million. The round was led by At One Ventures, with existing investors Engine Ventures and Pillar VC also participating. Addis Energy will use the fresh capital to further advance its AI-aided laboratory of chemical reactors that simulate subsurface conditions to produce ammonia at a cost advantage versus Haber-Bosch through a net energy-positive process. The company will also use the capital to expand its operations team and prepare for its first field pilot demonstration.

Latham & Watkins LLP represented Addis Energy since incorporation and in the transaction with an Emerging Companies & Growth team led by Boston partner Dan Hoffman, with associates Sally Gu and Maayan Chinn. Advice was also provided on intellectual property matters by associates Deborah Hinck and Susana Alexandre Santos.