United States · Series C startup

Who invested in Echodyne

4 rounds we have observed, with the 10 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.

Hardware & ElectronicsIndustry 4.0Telecoms

Funding summaryUpdated 26 Oct 2026

$199Mraised across 4 rounds since 2014, from 4 sources

$15MSeries A$29MSeries B$20MRound$135MSeries C
Latest round
Series C, $135MJun 2022
Step-upi
6.8×
Investors
10
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.

2016201820202022
$15MSeries A$29MSeries B$20MRound$135MSeries C
First round
Series A, $15M
Dec 2014
Biggest round
$135M
Series C · Jun 2022
Usual gap between rounds
2.4 years
the median of 3

The rounds

  1. Jun 2022
    Series C$135M3 returning

    Source recordedSEC filing: $129M sold, first sale May 2022

  2. Sept 2019
    Round$20M2 new3 returning

    Reported by FinSMEsSEC filing: $20M sold, first sale Jan 2019

  3. May 2017
    Series B$29M3 new2 returning

    Reported by FinSMEsSEC filing: $29M sold, first sale May 2017

  4. Dec 2014
    Series A$15M5 new

    From a historical funding recordSEC filing: $15M sold, first sale Dec 2014

Founders and team

From Echodyne's own website and the SEC filings it signed: 2 founders, 9 on the team.

Matt ReynoldsCEO & Co-Founder of Thruwave
Eben FrankenbergCEO & Co-FounderNamed on its 2022 Form D
  • Paul FarmerCFO
  • Hanna CoxVP Legal
  • Jill HostetterVP Product Management
  • Ken BeanVP Operations
  • Leo McCloskeyVP Marketing
  • Leonardo Del CastilloVP Engineering
  • Maria MattsonVP Human Resources
  • Jane KangExecutive Officeri
  • Tom DriscollExecutive Officer, Directori

On the board, as filediGreg PapadopoulosNicole GroganTim Porter

AdvisersMoe Kermani

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 A2014Series B2017Round2019Series C2022Lux CapitalMadrona Venture GroupNew Enterprise AssociatesVulcan CapitalBill GatesVulcanKresge FoundationMadrona VenturesNew Enterprise Associates/ Bill GatesThe Kresge Foundation

Everyone who backed them

Lux CapitalVC firm4rounds
Madrona Venture GroupVC firm3rounds
Vulcan CapitalFamily office2rounds
Bill GatesVC firm2rounds
VulcanInvestment firm1round
Kresge FoundationGovernment1round
Madrona VenturesVC firm1round
New Enterprise Associates/ Bill Gatesno record of our own yet1round
The Kresge Foundationno record of our own yet1round

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

Also claim to have backed them

These 2 firms list Echodyne 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.

Vanedge CapitalVC firmPer its own site

Quick answers about Echodyne

Who invested in Echodyne?

Echodyne's investors include Lux Capital, Madrona Venture Group, New Enterprise Associates, Vulcan Capital and Bill Gates, and 5 more on record.

How much has Echodyne raised?

Echodyne has raised $199M across 4 rounds since 2014.

When did Echodyne last raise?

Echodyne's most recent round was a Series C of $135M in Jun 2022.

What was Echodyne's biggest round?

Its most recent round, $135M in Jun 2022, is also its largest on record.

Who backed Echodyne first?

Echodyne's first round on record, in Dec 2014, was backed by Lux Capital, Madrona Venture Group and Vulcan Capital and 2 others.

What stage is Echodyne at?

Echodyne's latest named round is a Series C, in Jun 2022.

Where is Echodyne based?

Echodyne is based in the United States.

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