# d.light funding: rounds and investors > d.light has raised $82M across 4 rounds since 2016. Investors include Norfund, FMO and E3 Capital. Every round with its source. Source: https://millionrounds.com/company/d-light (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *d.light* 4 rounds we have observed, with the 9 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 Industry 4.0 Funding summary Updated 26 Oct 2026 **$82M** raised across 4 rounds since 2016, from 4 sources **$23M** Series D **$7.5M** Debt **$11M** Grant **$41M** Round - **Latest round:** Round, $41M Dec 2018 - **Step-up i:** 3.9× - **Investors:** 9 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. 2017 2018 **$23M** Series D **$7.5M** Debt **$11M** Grant **$41M** Round - **First round:** Series D, $23M - **Biggest round:** $41M - **Usual gap between rounds:** 3 months ## The rounds - **Dec 2018** Round **$41M** *3 new* *1 returning* [FMO](https://millionrounds.com/fund/fmo) [Norfund](https://millionrounds.com/fund/norfund) [Inspired Evolution](https://millionrounds.com/fund/inspired-evolution) Swedfun Reported by DealStreetAsia - **Jan 2017** Grant **$11M** *3 new* [Norfund](https://millionrounds.com/fund/norfund) [Shell Foundation](https://millionrounds.com/fund/shell-foundation) [Beyond the Grid](https://millionrounds.com/fund/beyond-the-grid) Reported by FinSMEs - **Oct 2016** Debt **$7.5M** *1 new* [Developing World Markets](https://millionrounds.com/fund/dwm) Reported by FinSMEs - **Sept 2016** Series D **$23M** *2 new* [E3 Capital](https://millionrounds.com/fund/e3-capital) KawiSafi Ventures Fund Reported by FinSMEs ## 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 D** 2016 **Debt** 2016 **Grant** 2017 **Round** 2018 [Norfund](https://millionrounds.com/fund/norfund) [FMO](https://millionrounds.com/fund/fmo) [E3 Capital](https://millionrounds.com/fund/e3-capital) [Shell Foundation](https://millionrounds.com/fund/shell-foundation) [Beyond the Grid](https://millionrounds.com/fund/beyond-the-grid) [Developing World Markets](https://millionrounds.com/fund/dwm) [Inspired Evolution](https://millionrounds.com/fund/inspired-evolution) KawiSafi Ventures Fund Swedfun ## Everyone who backed them [Norfund](https://millionrounds.com/fund/norfund) VC firm **2** rounds [FMO](https://millionrounds.com/fund/fmo) Government **1** round [E3 Capital](https://millionrounds.com/fund/e3-capital) VC firm **1** round [Shell Foundation](https://millionrounds.com/fund/shell-foundation) Investment firm **1** round [Beyond the Grid](https://millionrounds.com/fund/beyond-the-grid) Investment firm **1** round [Developing World Markets](https://millionrounds.com/fund/dwm) Private equity **1** round [Inspired Evolution](https://millionrounds.com/fund/inspired-evolution) Growth equity **1** round KawiSafi Ventures Fund no record of our own yet **1** round Swedfun no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=d-light). ## Quick answers about d.light ### Who invested in d.light? d.light's investors include Norfund, FMO, E3 Capital, Shell Foundation and Beyond the Grid, and 4 more on record. ### How much has d.light raised? d.light has raised $82M across 4 rounds since 2016. ### When did d.light last raise? d.light's most recent round was an Undisclosed round of $41M in Dec 2018. ### What was d.light's biggest round? Its most recent round, $41M in Dec 2018, is also its largest on record. ### Who backed d.light first? d.light's first round on record, in Sept 2016, was backed by E3 Capital and KawiSafi Ventures Fund. ### What stage is d.light at? d.light's latest named round is an Undisclosed round, in Dec 2018. ### Where is d.light based? d.light is based in the United States. ## Companies like d.light In the same sector, and raised in the last eighteen months. [**Amogy** $125M · Oct 2026](https://millionrounds.com/company/amogy)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app