# Achates Power funding: rounds and investors

> Achates Power has raised $96M across 4 rounds since 2009. Investors include Sequoia Capital, RockPort Capital and Madrone Capital Partners.

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

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

# Who invested in *Achates Power*

4 rounds we have observed, with the 6 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.

Cleantech

Funding summary Updated 26 Oct 2026

**$96M** raised across 4 rounds since 2009, from 4 sources

**$12M** Series A **$19M** Series B **$35M** Series C **$30M** Series D

- **Latest round:** Series D, $30M Oct 2017
- **Biggest round:** $35M Series C · Oct 2013
- **Investors:** 6

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.

2011 2013 2015 2017

**$12M** Series A

**$19M** Series B

**$35M** Series C

**$30M** Series D

- **First round:** Series A, $12M
- **Biggest round:** $35M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **Oct 2017** Series D **$30M** *1 new* [OGCI Climate Investments](https://millionrounds.com/fund/ogci-climate-investments) Reported by FinSMEs SEC filing: $30M sold, first sale Sept 2017
- **Oct 2013** Series C **$35M** *5 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [InterWest Partners](https://millionrounds.com/fund/interwest-partners) [RockPort Capital](https://millionrounds.com/fund/rockport-capital) [Triangle Peak Partners](https://millionrounds.com/fund/triangle-peak-partners) [Madrone Capital Partners](https://millionrounds.com/fund/madrone-capital-partners) Reported by finsmes.com
- **Jan 2010** Series B **$19M** *1 new* *3 returning* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [RockPort Capital](https://millionrounds.com/fund/rockport-capital) [Triangle Peak Partners](https://millionrounds.com/fund/triangle-peak-partners) [Madrone Capital Partners](https://millionrounds.com/fund/madrone-capital-partners) Reported by altassets.com SEC filing: $12M sold, first sale Sept 2009
- **Oct 2009** Series A **$12M** *4 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [InterWest Partners](https://millionrounds.com/fund/interwest-partners) [RockPort Capital](https://millionrounds.com/fund/rockport-capital) [Madrone Capital Partners](https://millionrounds.com/fund/madrone-capital-partners) Reported by cleantechbrief.com SEC filing: $12M sold, first sale Sept 2009

## Founders and team

From the SEC filings it signed: 3 on the team.

- **David Johnson** Executive Officer, Director i
- **James Lemke** Executive Officer i
- **John Koszewnik** Executive Officer, Director i

On the board, as filed i *Eric Haskel* *Frank Macher* *Gary Convis* *Hal Harvey* *John Wall*

## 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** 2009 **Series B** 2010 **Series C** 2013 **Series D** 2017 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [RockPort Capital](https://millionrounds.com/fund/rockport-capital) [Madrone Capital Partners](https://millionrounds.com/fund/madrone-capital-partners) [InterWest Partners](https://millionrounds.com/fund/interwest-partners) [Triangle Peak Partners](https://millionrounds.com/fund/triangle-peak-partners) [OGCI Climate Investments](https://millionrounds.com/fund/ogci-climate-investments)

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **3** rounds

[RockPort Capital](https://millionrounds.com/fund/rockport-capital) VC firm **3** rounds

[Madrone Capital Partners](https://millionrounds.com/fund/madrone-capital-partners) Family office **3** rounds

[InterWest Partners](https://millionrounds.com/fund/interwest-partners) VC firm **2** rounds

[Triangle Peak Partners](https://millionrounds.com/fund/triangle-peak-partners) Asset manager **2** rounds

[OGCI Climate Investments](https://millionrounds.com/fund/ogci-climate-investments) Company **1** round

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

## Also claim to have backed them

These 2 firms list Achates Power as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Climate Investment](https://millionrounds.com/fund/climate-investment-ci) VC firm Per its own site

[Pivotal Capital](https://millionrounds.com/fund/pivotal-capital-partners) VC firm Per its own site

## Quick answers about Achates Power

### Who invested in Achates Power?

Achates Power's investors include Sequoia Capital, RockPort Capital, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners, and 1 more on record.

### How much has Achates Power raised?

Achates Power has raised $96M across 4 rounds since 2009.

### When did Achates Power last raise?

Achates Power's most recent round was a Series D of $30M in Oct 2017.

### What was Achates Power's biggest round?

Achates Power's largest round on record is $35M (Series C), in Oct 2013.

### Who backed Achates Power first?

Achates Power's first round on record, in Oct 2009, was backed by Sequoia Capital, InterWest Partners and RockPort Capital and 1 others.

### What stage is Achates Power at?

Achates Power's latest named round is a Series D, in Oct 2017.

### Where is Achates Power based?

Achates Power is based in the United States.

## Companies like Achates Power

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)[**Renew** $207M · Oct 2026](https://millionrounds.com/company/renew)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)

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