# Elcogen funding: rounds and investors

> Elcogen has raised $6.1M across 1 round since 2025. Investors include European Commission and EASME - EU Executive Agency for SMEs. Every round with its source.

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

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

# Who invested in *Elcogen*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cleantech

Funding summary Updated 26 Oct 2026

**$6.1M** raised across 1 round since 2025, from 1 source

- **Latest round:** Venture, $6.1M Jan 2025
- **Investors:** 2

See who backed them

## The rounds

- **Jan 2025** Venture **$6.1M** [European Commission](https://millionrounds.com/fund/european-commission) [EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) Source recorded

## Everyone who backed them

[European Commission](https://millionrounds.com/fund/european-commission) VC firm **1** round

[EASME - EU Executive Agency for SMEs](https://millionrounds.com/fund/easme-eu-executi) Government **1** round

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

## Also claim to have backed them

This firm lists Elcogen 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.

[SmartCap](https://millionrounds.com/fund/smartcap) VC firm Per its own site

## Quick answers about Elcogen

### Who invested in Elcogen?

Elcogen's investors include European Commission and EASME - EU Executive Agency for SMEs.

### How much has Elcogen raised?

Elcogen has raised $6.1M across 1 round since 2025.

### When did Elcogen last raise?

Elcogen's most recent round was a Venture of $6.1M in Jan 2025.

### What was Elcogen's biggest round?

Its most recent round, $6.1M in Jan 2025, is also its largest on record.

### Who backed Elcogen first?

Elcogen's first round on record, in Jan 2025, was backed by European Commission and EASME - EU Executive Agency for SMEs.

### What stage is Elcogen at?

Elcogen's latest named round is a Venture, in Jan 2025.

### Where is Elcogen based?

Elcogen is based in Estonia.

## Companies like Elcogen

In the same sector, and raised in the last eighteen months.

[**Skeleton Technologies** $274M · Oct 2026](https://millionrounds.com/company/skeleton-technologies)[**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)[**Greenzo Energy** $15M · Oct 2026](https://millionrounds.com/company/greenzo-energy)[**Navitas Solar** $20M · Oct 2026](https://millionrounds.com/company/navitas-solar)

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