# 24M Technologies funding: rounds and investors

> 24M Technologies has raised $103M across 2 rounds since 2010. Investors include CRV, US Department of Energy and North Bridge Venture Partners & Growth Equity.

Source: https://millionrounds.com/company/24m-technologies (Millionrounds; every figure on the page links to its filing or article)

United States · [Growth startup](https://millionrounds.com/companies)

# Who invested in *24M Technologies*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Energy

Valuation: $1.0B, Oct 2024

Funding summary Updated 26 Oct 2026

**$103M** raised across 2 rounds since 2010, from 2 sources

**$16M** Series A **$87M** Growth

- **Latest round:** Growth, $87M Sept 2024
- **Step-up i:** 5.4×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010 2012 2014 2016 2018 2020 2022 2024

**$16M** Series A

**$87M** Growth

- **First round:** Series A, $16M
- **Biggest round:** $87M
- **Between rounds:** 14.1 years

## The rounds

- **Sept 2024** Growth **$87M** *2 returning* [CRV](https://millionrounds.com/fund/crv) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded
- **Aug 2010** Series A **$16M** *3 new* [CRV](https://millionrounds.com/fund/crv) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [North Bridge Venture Partners & Growth Equity](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity) Reported by techcrunch.com SEC filing: $10M sold, first sale Aug 2010

## Founders and team

From 24M Technologies's own website and the SEC filings it signed: 2 founders, 7 on the team.

**Dr. Yet-Ming Chiang** Chief Scientist & Co-Founder

**Throop Wilder** Executive Chairman & Co-Founder *Named on its 2018 Form D*

- **Naoki Ota** President & CEO
- **Ulrik Grape** President, European Operations
- **Richard Chleboski** Chief Financial Officer
- **Robert Sanchez** Chief Legal Officer
- **PangHoo Tan** VP, Business Development
- **Tim Rineck** VP, Global Operations
- **Richard Feldt** Executive Officer, Director i

On the board, as filed i *Chris Lange* *Jeff McCarthy* *Steven Cai* *Surong Bulakul*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2010 **Growth** 2024 [CRV](https://millionrounds.com/fund/crv) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [North Bridge Venture Partners & Growth Equity](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity)

## Everyone who backed them

[CRV](https://millionrounds.com/fund/crv) VC firm **2** rounds

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **2** rounds

[North Bridge Venture Partners & Growth Equity](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=24m-technologies).

## Quick answers about 24M Technologies

### Who invested in 24M Technologies?

24M Technologies's investors include CRV, US Department of Energy and North Bridge Venture Partners & Growth Equity.

### How much has 24M Technologies raised?

24M Technologies has raised $103M across 2 rounds since 2010.

### When did 24M Technologies last raise?

24M Technologies's most recent round was a Growth of $87M in Sept 2024.

### What was 24M Technologies's biggest round?

Its most recent round, $87M in Sept 2024, is also its largest on record.

### Who backed 24M Technologies first?

24M Technologies's first round on record, in Aug 2010, was backed by CRV, US Department of Energy and North Bridge Venture Partners & Growth Equity.

### What stage is 24M Technologies at?

24M Technologies's latest named round is a Growth, in Sept 2024.

### Where is 24M Technologies based?

24M Technologies is based in the United States.

## Companies like 24M Technologies

In the same sector, and raised in the last eighteen months.

[**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**LanzaJet** $67M · Oct 2026](https://millionrounds.com/company/lanzajet)[**Pivot Energy** $500M · Oct 2026](https://millionrounds.com/company/pivot-energy)[**Peak Energy** $163M · Oct 2026](https://millionrounds.com/company/peak-energy)[**Pennsylvania American Water** $43M · Oct 2026](https://millionrounds.com/company/pennsylvania-american-water)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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