# Anaphite funding: rounds and investors

> Anaphite has raised $24M across 6 rounds since 2022. Investors include Elbow Beach Capital, Innovate UK and World Fund. Every round with its source.

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

United Kingdom · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Anaphite*

6 rounds we have observed, with the 12 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.

Automotive & EVs Chemicals & Materials Cleantech Energy

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$24M** raised across 6 rounds since 2022, from 7 sources

**$4.9M** Seed **$2.0M** Grant **$13M** Series A **$931K** Grant **$1.9M** Series A **$806K** Grant

- **Latest round:** Grant, $806K Apr 2026
- **Biggest round:** $13M Series A · Aug 2024
- **Investors:** 12 (3 led)

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.

2023 2024 2025 2026

**$4.9M** Seed

**$2.0M** Grant

**$13M** Series A

**$931K** Grant

**$1.9M** Series A

**$806K** Grant

- **First round:** Seed, $4.9M
- **Biggest round:** $13M
- **Usual gap between rounds:** 15 months

## The rounds

- **Apr 2026** Grant **$806K** *1 returning* [Innovate UK](https://millionrounds.com/fund/innovate-uk) Source recorded
- **Dec 2025** Series A **$1.9M** *1 new* *1 returning* [Elbow Beach](https://millionrounds.com/fund/elbow-beach) [World Fund](https://millionrounds.com/fund/world-fund) Reported by Elbow Beach
- **Dec 2025** Grant **$931K** *1 returning* [Innovate UK](https://millionrounds.com/fund/innovate-uk) Source recorded
- **Aug 2024** Series A **$13M** *2 new* *1 returning* [World Fund](https://millionrounds.com/fund/world-fund) Lead Maniv Lead [Elbow Beach Capital](https://millionrounds.com/fund/elbow-beach-capital) Shares issued, filed with Companies House (SH01); no report of this raise yet and 1 other
- **Mar 2024** Grant **$2.0M** *2 new* *1 returning* [Elbow Beach Capital](https://millionrounds.com/fund/elbow-beach-capital) Lead [Innovate UK](https://millionrounds.com/fund/innovate-uk) [UK Research and Innovation's (UKRI) Faraday Battery Challenge](https://millionrounds.com/fund/uk-research-and-innovation-s-ukri-faraday-battery-challenge) Reported by Elbow Beach
- **Aug 2022** Seed **$4.9M** *7 new* [Elbow Beach Capital](https://millionrounds.com/fund/elbow-beach-capital) Lead [Zero Carbon Capital](https://millionrounds.com/fund/zero-carbon-capital) [Blue Wire Capital](https://millionrounds.com/fund/blue-wire-capital) [Silicon Roundabout Ventures](https://millionrounds.com/fund/silicon-roundabout-ventures) [Deeptech Labs](https://millionrounds.com/fund/deeptech-labs) [Oxford Investment Opportunity Network](https://millionrounds.com/fund/oxford-investment-opportunity-network) [Wealth Club](https://millionrounds.com/fund/wealth-club) Reported by Elbow Beach

## Funding filed with regulators

Anaphite filed 2 raises, $14M in all. Filings say how much was sold and to how many investors; they never name the investors.

- Nov 2025 **$922K** UK share allotment
- Aug 2024 **$13M** UK share allotment

## Founders and team

From Anaphite's own website: 2 founders, 8 on the team.

**Alex Hewitt** COO, Co-Founder

**Sam Burrow** CTO, Co-Founder

- **Joe Stevenson** CEO
- **Dr Alex Madsen** Head of Cells & Electrodes
- **Dr Andrew Johnson** Head of Chemistry
- **Dr Charlie Hall** Head of Operations
- **Dr Gary Baker** Head of Manufacturing & Quality
- **Dr Jennifer Channell** Head of Commercial
- **Dick Glover** Chairman
- **Gabriella Bugeja** HR Manager

## 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.

**Seed** 2022 **Grant** 2024 **Series A** 2024 **Grant** 2025 **Series A** 2025 **Grant** 2026 [Elbow Beach Capital](https://millionrounds.com/fund/elbow-beach-capital) L L [Innovate UK](https://millionrounds.com/fund/innovate-uk) [World Fund](https://millionrounds.com/fund/world-fund) L Maniv L [Elbow Beach](https://millionrounds.com/fund/elbow-beach) [Zero Carbon Capital](https://millionrounds.com/fund/zero-carbon-capital) [Blue Wire Capital](https://millionrounds.com/fund/blue-wire-capital) [Silicon Roundabout Ventures](https://millionrounds.com/fund/silicon-roundabout-ventures) [Deeptech Labs](https://millionrounds.com/fund/deeptech-labs) [Oxford Investment Opportunity Network](https://millionrounds.com/fund/oxford-investment-opportunity-network)

## Everyone who backed them

[Elbow Beach Capital](https://millionrounds.com/fund/elbow-beach-capital) VC firm **3** rounds, led 2

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **3** rounds

[World Fund](https://millionrounds.com/fund/world-fund) VC firm **2** rounds, led 1

Maniv no record of our own yet **1** round, led 1

[Elbow Beach](https://millionrounds.com/fund/elbow-beach) VC firm **1** round

[Zero Carbon Capital](https://millionrounds.com/fund/zero-carbon-capital) VC firm **1** round

[Blue Wire Capital](https://millionrounds.com/fund/blue-wire-capital) VC firm **1** round

[Silicon Roundabout Ventures](https://millionrounds.com/fund/silicon-roundabout-ventures) VC firm **1** round

[Deeptech Labs](https://millionrounds.com/fund/deeptech-labs) Accelerator **1** round

[Oxford Investment Opportunity Network](https://millionrounds.com/fund/oxford-investment-opportunity-network) VC firm **1** round

[UK Research and Innovation's (UKRI) Faraday Battery Challenge](https://millionrounds.com/fund/uk-research-and-innovation-s-ukri-faraday-battery-challenge) Investment firm **1** round

[Wealth Club](https://millionrounds.com/fund/wealth-club) VC firm **1** round

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

## Also claim to have backed them

This firm lists Anaphite as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Oxford Innovation Finance](https://millionrounds.com/fund/oxford-innovation-finance) Angel network Per its own site

## Quick answers about Anaphite

### Who invested in Anaphite?

Anaphite's investors include Elbow Beach Capital, Innovate UK, World Fund, Maniv and Elbow Beach, and 7 more on record.

### How much has Anaphite raised?

Anaphite has raised $24M across 6 rounds since 2022.

### When did Anaphite last raise?

Anaphite's most recent round was a Grant of $806K in Apr 2026.

### What was Anaphite's biggest round?

Anaphite's largest round on record is $13M (Series A), in Aug 2024, led by World Fund.

### Who backed Anaphite first?

Anaphite's first round on record, in Aug 2022, was backed by Elbow Beach Capital, Zero Carbon Capital and Blue Wire Capital and 4 others.

### What stage is Anaphite at?

Anaphite's latest named round is a Grant, in Apr 2026.

### Where is Anaphite based?

Anaphite is based in the United Kingdom.

### Who led Anaphite's rounds?

Elbow Beach Capital led the Seed in 2022; World Fund led the Series A in 2024.

## Companies like Anaphite

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

[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Go Eve** $6.1M · Oct 2026](https://millionrounds.com/company/go-eve)[**HydRegen** $12M · Oct 2026](https://millionrounds.com/company/hydregen)[**Extend Robotics** $4.7M · Oct 2026](https://millionrounds.com/company/extend-robotics)[**novosound** $8.7M · Sept 2026](https://millionrounds.com/company/novosound)[**Dragonfly Advanced Materials** $2.0M · Sept 2026](https://millionrounds.com/company/dragonfly-advanced-materials)

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