# Echodyne funding: rounds and investors > Echodyne has raised $199M across 4 rounds since 2014. Investors include Lux Capital, Madrona Venture Group and New Enterprise Associates. Source: https://millionrounds.com/company/echodyne (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # 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 & Electronics Industry 4.0 Telecoms Funding summary Updated 26 Oct 2026 **$199M** raised across 4 rounds since 2014, from 4 sources **$15M** Series A **$29M** Series B **$20M** Round **$135M** Series C - **Latest round:** Series C, $135M Jun 2022 - **Step-up i:** 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. 2016 2018 2020 2022 **$15M** Series A **$29M** Series B **$20M** Round **$135M** Series C - **First round:** Series A, $15M - **Biggest round:** $135M - **Usual gap between rounds:** 2.4 years ## The rounds - **Jun 2022** Series C **$135M** *3 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Madrona Venture Group](https://millionrounds.com/fund/madrona) Source recorded SEC filing: $129M sold, first sale May 2022 - **Sept 2019** Round **$20M** *2 new* *3 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Lux Capital](https://millionrounds.com/fund/lux-capital) [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) [Bill Gates](https://millionrounds.com/fund/bill-gates) [Madrona Ventures](https://millionrounds.com/fund/madrona-ventures) Reported by FinSMEs SEC filing: $20M sold, first sale Jan 2019 - **May 2017** Series B **$29M** *3 new* *2 returning* [Lux Capital](https://millionrounds.com/fund/lux-capital) [Madrona Venture Group](https://millionrounds.com/fund/madrona) [Vulcan](https://millionrounds.com/fund/vulcan) New Enterprise Associates/ Bill Gates The Kresge Foundation Reported by FinSMEs SEC filing: $29M sold, first sale May 2017 - **Dec 2014** Series A **$15M** *5 new* [Lux Capital](https://millionrounds.com/fund/lux-capital) [Madrona Venture Group](https://millionrounds.com/fund/madrona) [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) [Bill Gates](https://millionrounds.com/fund/bill-gates) [Kresge Foundation](https://millionrounds.com/fund/kresge-foundation) From a historical funding record SEC 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 Reynolds** CEO & Co-Founder of Thruwave **Eben Frankenberg** CEO & Co-Founder *Named on its 2022 Form D* - **Paul Farmer** CFO - **Hanna Cox** VP Legal - **Jill Hostetter** VP Product Management - **Ken Bean** VP Operations - **Leo McCloskey** VP Marketing - **Leonardo Del Castillo** VP Engineering - **Maria Mattson** VP Human Resources - **Jane Kang** Executive Officer i - **Tom Driscoll** Executive Officer, Director i On the board, as filed i *Greg Papadopoulos* *Nicole Grogan* *Tim Porter* Advisers *Moe 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 A** 2014 **Series B** 2017 **Round** 2019 **Series C** 2022 [Lux Capital](https://millionrounds.com/fund/lux-capital) [Madrona Venture Group](https://millionrounds.com/fund/madrona) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) [Bill Gates](https://millionrounds.com/fund/bill-gates) [Vulcan](https://millionrounds.com/fund/vulcan) [Kresge Foundation](https://millionrounds.com/fund/kresge-foundation) [Madrona Ventures](https://millionrounds.com/fund/madrona-ventures) New Enterprise Associates/ Bill Gates The Kresge Foundation ## Everyone who backed them [Lux Capital](https://millionrounds.com/fund/lux-capital) VC firm **4** rounds [Madrona Venture Group](https://millionrounds.com/fund/madrona) VC firm **3** rounds [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital) Family office **2** rounds [Bill Gates](https://millionrounds.com/fund/bill-gates) VC firm **2** rounds [Vulcan](https://millionrounds.com/fund/vulcan) Investment firm **1** round [Kresge Foundation](https://millionrounds.com/fund/kresge-foundation) Government **1** round [Madrona Ventures](https://millionrounds.com/fund/madrona-ventures) VC firm **1** round New Enterprise Associates/ Bill Gates no record of our own yet **1** round The Kresge Foundation 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=echodyne). ## 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 Capital](https://millionrounds.com/fund/vanedge-capital) VC firm Per its own site [Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited) VC firm Per 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. ## Companies like Echodyne In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)[**TruAgents** $3.4M · Oct 2026](https://millionrounds.com/company/truagents)[**Qualitate** $32M · Oct 2026](https://millionrounds.com/company/qualitate)[**Tenstorrent** $3.0B · Oct 2026](https://millionrounds.com/company/tenstorrent)[**Sabi** $50M · Oct 2026](https://millionrounds.com/company/sabi) ## 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