Who invested in Aether Fuels

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

Raised 11 months ago

Funding summaryUpdated 26 Oct 2026

$49Mraised across 2 rounds since 2024, from 2 sources

$34MSeries A$15MRound

Latest round: Round, $15MDec 2025
Biggest round: $34MSeries A · Jun 2024
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.

2025

$34MSeries A$15MRound

First round: Series A, $34M
Biggest round: $34M
Between rounds: 18 months

The rounds

Dec 2025
Round$15M1 new2 returning
Source recorded
Jun 2024
Series A$34M2 new
- CDP Venture Capital
- Foothill Ventures
Source recorded

Founders and team

From Aether Fuels's own website: 1 founder, 2 on the team.

Conor MadiganFounder and CEO

Dhaval ShahChief Technology Officer
Sanjiv DabeeChief Technology Officer

AdvisersMonica Kaldani-Nasif

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 A2024Round2025

CDP Venture Capital

Foothill Ventures

EDBI

Everyone who backed them

CDP Venture CapitalVC firm2rounds

Foothill VenturesVC firm2rounds

EDBIVC firm1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 2 firms list Aether Fuels 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.