# Darcy Solutions funding: rounds and investors

> Darcy Solutions has raised $15M across 2 rounds since 2020. Investors include National Science Foundation and Third Derivative. Every round with its source.

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

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

# Who invested in *Darcy Solutions*

2 rounds we have observed, with the 2 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 3 months ago

Funding summary Updated 26 Oct 2026

**$15M** raised across 2 rounds since 2020, from 2 sources

- **Latest round:** Round, $15M Aug 2026
- **Investors:** 2

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.

2021 2022 2023 2024 2025 2026

**?** Venture

**$15M** Round

- **First round:** Venture
- **Biggest round:** $15M
- **Between rounds:** 5.7 years

## The rounds

- **Aug 2026** Round **$15M** No investor was named in the report. Filed with the SEC (Form D); no report of this raise yet SEC filing: $15M sold, first sale Aug 2026
- **Dec 2020** Venture **Amount undisclosed** *2 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Third Derivative](https://millionrounds.com/fund/third-derivative) Source recorded

## Founders and team

From Darcy Solutions's own website: 3 on the team.

- **Fred Steiner** Chief Strategy Officer
- **Kathy Jennings** Chief Financial and Administrative Officer
- **Spencer Ingaldson** Chief Development Officer

## 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.

**Venture** 2020 **Round** 2026 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Third Derivative](https://millionrounds.com/fund/third-derivative)

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[Third Derivative](https://millionrounds.com/fund/third-derivative) Accelerator **1** round

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

## Also claim to have backed them

This firm lists Darcy Solutions 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.

[Moderne Ventures](https://millionrounds.com/fund/moderne-ventures) VC firm Per its own site

## Quick answers about Darcy Solutions

### Who invested in Darcy Solutions?

Darcy Solutions's investors include National Science Foundation and Third Derivative.

### How much has Darcy Solutions raised?

Darcy Solutions has raised $15M across 2 rounds since 2020. One round did not disclose an amount, so the total is a floor.

### When did Darcy Solutions last raise?

Darcy Solutions's most recent round, $15M, was in Aug 2026.

### What was Darcy Solutions's biggest round?

Its most recent round, $15M in Aug 2026, is also its largest on record.

### Who backed Darcy Solutions first?

Darcy Solutions's first round on record, in Dec 2020, was backed by National Science Foundation and Third Derivative.

### What stage is Darcy Solutions at?

Darcy Solutions's latest named round is a Venture, in Dec 2020.

### Where is Darcy Solutions based?

Darcy Solutions is based in the United States.

## Companies like Darcy Solutions

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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