# Copper Labs funding: rounds and investors

> Copper Labs has raised $2.0M across 2 rounds since 2019. Investors include Capital Factory, Service Provider Capital and Moonshots Capital.

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

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

# Who invested in *Copper Labs*

2 rounds we have observed, with the 7 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

Funding summary Updated 26 Oct 2026

**$2.0M** raised across 2 rounds since 2019, from 2 sources

- **Latest round:** Venture May 2023
- **Biggest round:** $2.0M Round · Nov 2019
- **Investors:** 7 (1 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.

2020 2021 2022 2023

**$2.0M** Round

**?** Venture

- **First round:** Round, $2.0M
- **Biggest round:** $2.0M
- **Between rounds:** 3.4 years

## The rounds

- **May 2023** Venture **Amount undisclosed** *2 new* *2 returning* [Capital Factory](https://millionrounds.com/fund/capital-factory) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) [Blue Bear Capital](https://millionrounds.com/fund/blue-bear-capital) Source recorded SEC filing: $1.1M sold, first sale May 2023
- **Nov 2019** Round **$2.0M** *5 new* [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) Lead [Capital Factory](https://millionrounds.com/fund/capital-factory) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [Blue Bear Capital](https://millionrounds.com/fund/blue-bear-capital-2) [Bull Creek Capital](https://millionrounds.com/fund/bull-creek-capital) Reported by FinSMEs SEC filing: $2.0M sold, first sale Nov 2019

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Dan Forman** Executive Officer, Director i
- **Jeff Mathews** Executive Officer, Director i

On the board, as filed i *Carolin Funk* *Nora Mead Brownell* *Patrick Walsh*

## 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.

**Round** 2019 **Venture** 2023 [Capital Factory](https://millionrounds.com/fund/capital-factory) [Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) [Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) L [Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) [Blue Bear Capital](https://millionrounds.com/fund/blue-bear-capital) [Blue Bear Capital](https://millionrounds.com/fund/blue-bear-capital-2) [Bull Creek Capital](https://millionrounds.com/fund/bull-creek-capital)

## Everyone who backed them

[Capital Factory](https://millionrounds.com/fund/capital-factory) VC firm **2** rounds

[Service Provider Capital](https://millionrounds.com/fund/service-provider-capital) VC firm **2** rounds

[Moonshots Capital](https://millionrounds.com/fund/moonshots-capital) VC firm **1** round, led 1

[Clean Energy Ventures](https://millionrounds.com/fund/clean-energy-ventures) VC firm **1** round

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

[Blue Bear Capital](https://millionrounds.com/fund/blue-bear-capital-2) Wealth manager **1** round

[Bull Creek Capital](https://millionrounds.com/fund/bull-creek-capital) VC firm **1** round

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

## Quick answers about Copper Labs

### Who invested in Copper Labs?

Copper Labs's investors include Capital Factory, Service Provider Capital, Moonshots Capital, Clean Energy Ventures and Blue Bear Capital, and 2 more on record.

### How much has Copper Labs raised?

Copper Labs has raised $2.0M across 2 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Copper Labs last raise?

Copper Labs's most recent round was a Venture in May 2023.

### What was Copper Labs's biggest round?

Copper Labs's largest round on record is $2.0M (Undisclosed round), in Nov 2019, led by Moonshots Capital.

### Who backed Copper Labs first?

Copper Labs's first round on record, in Nov 2019, was backed by Moonshots Capital, Capital Factory and Service Provider Capital and 2 others.

### What stage is Copper Labs at?

Copper Labs's latest named round is a Venture, in May 2023.

### Where is Copper Labs based?

Copper Labs is based in the United States.

### Who led Copper Labs's rounds?

Moonshots Capital led the Undisclosed round in 2019.

## Companies like Copper Labs

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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