Zach Dell, son of Dell Technologies founder Michael Dell, co-founded Base Power, a startup building home backup batteries, three years ago. The company just launched Base Core, its first in-house designed and built battery, made in Texas, alongside a new funding round to expand the product nationwide. Funding details: Round: Series D Amount raised: $1 billion Valuation: $13 billion Led by: Ribbit, Addition, Valor Equity Partners, and JPMorganChase’s Strategic Investment Group Other investors: Altimeter, D1 Capital Partners, Sands Capital, Coatue, Layer Global, and Energy Impact Partners Existing investors who also participated: Thrive Capital, Andreessen Horowitz, Lightspeed, Trust Ventures, and CapitalG Total raised to date: over $2.5 billion Base Power’s stated mission is to make reliable home backup power and a stronger power grid more affordable and accessible across the country, starting with its home state of Texas. distributionshow #jewishpeople #startups #venturecapital